Home / Knowledge / News / Textiles / Cashmere markets - Opportunities and challenges co-exist
Cashmere markets - Opportunities and challenges co-exist
20
Apr '09
When foreseeing the future of the cashmere market in 2009, it can be said that both, favorable and negative factors are intertwined and opportunities and challenges co-exist. Buyers across the globe are not able to draw up procurement plans, due to the uncertainty prevailing in the global markets due to the recessionary trends.

This has led to a reduced flow of orders in the last few months. According to industry experts, orders from markets in Europe and the United States are expected to fall by more than 30 percent this year with the whole industry concurring that, the cashmere industry has stepped into early winter, well in time before the actual onset of the season.

The slowdown has created a lot of supply and demand imbalances leading to an increased inventory of cashmere products. Market sources put the total inventory of cashmere goods at nearly 7,300 tons. This in turn is leading to enterprises shutting down production lines or altogether closing down their manufacturing units.

Considering that production in the new season will be considerably lower than that of last year, but a combined inventory of the previous season and production in the current season will significantly tilt the scales towards a increase in supply position, since demand is not expected to improve immediately.

The instability of exchange rates is also expected to play a major role in increasing the difficulties encountered by the cashmere exporting community. At present, although the RMB has stabilized against the U.S. dollar, the Euro and South Korean currency, Won, appreciated rapidly with a higher volatility.

Fibre2fashion News Desk - China

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

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

Sonam & Paras Modi
SVA

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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