Home / Knowledge / News / Apparel/Garments / Garment producers perturbed over raw material price hike
Garment producers perturbed over raw material price hike
25
May '11
The initial three months of current year saw Cambodia's garment raw material imports rising by 49.83 percent to US $539, over corresponding period last year. Meanwhile, volume-wise it dropped by 24 percent from 129,862 tons to 98,888 tons.

Cotton and fabric prices have almost doubled in the international market, which has led to the increase in value despite fall in volumes. Thus, in order to sustain growth, experts have advised apparel producers to hike prices.

Industry experts also believe that, soaring raw material prices, may it be due to globally rising prices of raw inputs or crude oil, would badly hit production.

However, they are saving hope on the fact that, as the Kingdom has been able to recover from the effects of global economic slump, the industry would keep growing.

Japan, China, South Korea and Taiwan are the key import sources for Cambodian garment industry.

Industry sources say that, though the demand is flowing in steadily, the buyers also need to consider paying appropriate prices; otherwise, producers would miss out on profits.

Besides, there has also been a vertical rise in garment export to the EU markets pursuant to its relaxing its rules of origin in respect of preferential tariffs on imports from Least Developed Countries (LDCs). This is expected to contribute to the industry's continuous growth.

Cambodia in all houses 273 garment factories, which includes 11 new units established after December 2010, while its overall garment and textile exports jumped 45.58 percent during the review period.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search