Home / Knowledge / News / Textiles / Textile industry highly optimistic in 2008
Textile industry highly optimistic in 2008
25
Mar '08
2008 promises to be an eventful year by any standards for the Malaysian textile industry. The textile industry is faced with several challenges globally and locally.

Crude Oil Prices have remained high hovering above the 90's since the last quarter of 2007 and raw cotton prices are also around 70 cents /pound since the last 6 months as compared to a low of 50 cents/pound over a year ago.

This has happened despite downstream yarn and garment prices remaining unchanged during the whole period. This evidently points to an excess capacity situation in the textile industry all over the world.

The following scenario is expected to prevail during the course of the year affected by both international and local events:

1. Economy slowdown in the US economy which started off with the “subprime loan issues” in the US further lowering the textile demand.

2. China will integrate fully into the WTO system during 2008 and is expected to export more to the US.

3. Oil prices will remain high or increase even further due to the increasing demand for energy from China.

4. Fibre prices will remain high at this level at least until the new crop in August/September.

5. Reduction of foreign workers dependence as proposed by the government will increase production wages substantially.

6. Expected fuel price increase locally after the general election in March will trigger a corresponding increase in transportation rates.

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search