Home / Knowledge / News / Textiles / Rising raw material prices still major concerns for exporters
Rising raw material prices still major concerns for exporters
01
Nov '10
The positive swing in the confidence of exporters despite global uncertainties would be strengthened further if there is a let up in the rising cost of raw materials and the appreciation of the rupee against the dollar, says the latest FICCI Export Survey.

Federation of Indian Chambers of Commerce and Industry (FICCI) Survey reveals that although the Chinese Yuan has gained almost 3 per cent vis-à-vis the US$ in recent months this would have no impact on Indian exports as the price advantage in favor of Chinese products is of a much greater magnitude. For a more meaningful impact, the Chinese Yuan should appreciate by a significant amount according to an overwhelming majority of survey respondents.

The FICCI Survey, conducted during September and October 2010, saw the participation from 254 companies with a wide geographical and sectoral spread. The turnover of the companies that participated in the survey ranged from Rs. 50 lakh to Rs. 22,000 crore and the companies represent sectors like automotive, food and food processing, marine products, gems and jewellery, handicrafts, FMCG, textiles, metal and metal products, heavy engineering, cement, paper, pharmaceuticals & chemicals, wood & wood products and IT software.

Although exporters continue to remain on guard due to the heightened level of competition in the international market, the Survey findings show signs of improvement with exporters feeling more confident about export conditions. Respondents say that the buying activity in the international market has picked up in recent times. The payment conditions have also been reported to have improved.

The mood is reflected by the fact that:
• Importers of gems and jewellery, handicrafts and textiles in US and EU are stocking up in the expectation of better demand in their home markets in light of the upcoming festive season.
• Shipments of metal products are also encouraging given the pickup in economic activity in certain areas of Europe.
• Seafood exports are also gathering pace in the North American region.
• House ware and furniture exports are seeing an increase in the markets of Africa and
Middle East.

In terms of current condition, nearly 64 per cent of the participating firms feel that overall export conditions are much better as compared to the situation six months back. Almost the same proportion of participants have said that current industry level export conditions are much better vis-à-vis the last six months. In terms of export conditions at the firm level, the Survey reveals that nearly 70 per cent of the exporters feel that current conditions are better as compared to the situation six months back.

The Survey participants' expectations regarding export conditions in the coming six months are even more encouraging with every three out of four respondents saying that they expect overall and industry level export conditions to improve in the coming six months.At the firm level, this figure is even higher and stands at 82 per cent. Nearly 60 per cent of the participants have said that their current order book position is better compared to the order book position six months back. In the previous survey 53 per cent of the respondents had reported likewise. This is an indication of the improving demand conditions in the international markets and is contributing to the improvement seen in the overall confidence level of exporters from India.


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mark Paterson
Technical Absorbents Ltd

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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 2018

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
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

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
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

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
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

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
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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