>>
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

Pic: Dreamstime.com

Textiles | On 22nd May 2022

China raises support for economic growth by cutting lending rate

China recently cut the market-based benchmark lending rate to shore...

Pic Andrey Sirant | Dreamstime.com

Textiles | On 22nd May 2022

CPTPP helps boost Vietnam-Australia trade, investment cooperation

The Comprehensive and Progressive Agreement for Trans-Pacific...

Pic. Shutterstock

E-commerce | On 22nd May 2022

Strong momentum in China's cross-border e-com, rises 18.6% YoY in 2021

China's cross-border e-commerce has rapidly grown in the last few...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Daniele Uboldi,

Daniele Uboldi

EptaInks is the screen-printing division of Eptanova, a company that...

Aditya Agrawal,

Aditya Agrawal

<div style="text-align: justify;"><font face="Calibri,...

Anupam Bansal,

Anupam Bansal

Liberty Shoes has been fashioning footwear for well over 65 years now, for ...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Timna Weber, Label - Timna Weber

Timna Weber
Label - Timna Weber

London-based sustainable high-end eponymous womenswear label, by designer...

Amar Pawar & Raghavendra Pawar, Brand - Powerlook

Amar Pawar & Raghavendra Pawar
Brand - Powerlook

Powerlook, co-founded by Amar Pawar and Raghavendra Pawar, offers men’s...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

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

Leave your Comments

ESTEEMED CLIENTS

Lenzing Aktiengesellschaft
Woolmark Services India Pvt. Ltd.
DyStar India Pvt. Ltd
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
IKEA of Sweden AB
Centric Software
BRINKMANN GMBH
Arvind Limited
Lululemon Athletica Inc
Calvin Klein
Gatsby Africa
Groz-Beckert East Asia LLP
Nandan Denim Limited
GHCL LIMITED
Lacoste (Wanchai)
Benetton Group
Shima Seiki Mfg. Ltd.
Page Industries Limited (Bangalore)
Gap International Sourcing Limited
Jiangsu Yingyang Nonwoven Machinery Company Limited
KIABI
Rayonese Textile Inc., Division de Culp Inc.
IFF Media Ag - International Media Services
KAS Direct Sourcing
John Varvatos
Messe Frankfurt Exhibition GmbH
Recron Polyester from Reliance Industries Limited
MAS Active / MAS Kreeda / MAS Bodyline
Esprit Europe Services GmbH
C;&A Sourcing International Ltd
Reiter India Private Limited
UBM China (Shanghai)
Savio Macchine Tessili S.P.A.
Indofil Industries Limited - Specialty & Performance Chemicals Division
Tommy Hilfiger
Pt. Peraga Nusantara Jaya Sakti
TESCO INTERNATIONAL SOURCING LIMITED
H;&M Hennes ;& Mauritz (Far East) Ltd
JES MEDIA, INC
Meera Dyestuff Industries
Landmark Group
Bluesign Technologies Ag
PVH Corporation
Amazon China
Equinox Impex India
Shanghai  Aige Exhibition Service Co., Ltd
Eurofins BLC Leather Technology Centre Ltd
Aleph Srl
TEXVALLEY MARKET LIMITED
Gloria Jeans
FULGAR SpA
BTSR International S.P.A.
Haelixa AG
Target Corporation (MN)
Sateri (Jiujiang) Fiber Co.,Ltd
J ;& P Coats
Groz-Beckert KG
Puma
The LYCRA Company Singapore  Pte. Ltd
Sainsbury's Argos Asia Limited
Midas Clothing Limited
Lenzing Aktiengesellschaft - India
FESPA (Reigate)
Datatex Consulting Srl
Officina Meccanica Dora Enrico Srl
NITI Aayog
Lectra Technologies India Pvt Ltd.
Aramark Uniform ;& Career Apparel, LLC
Hela Clothing Pvt Ltd
BIMBA ;& LOLA SL
Etam Group Strategy Hong Kong Limited
Thermore (Far East) Ltd.
Kornit Digital Asia Pacific Ltd
Italian Trade Commission
Indo Tex
Performance Days
Taiwan Textile Federation (TTF)
The Top Form Brassiere Manufacturing Company Limited
EPCH
Infor (Hong Kong) Limited
Dow Silicones Corporation
Tradewind International Servicing
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
EMBEE CORPORATION
Comasia Limited
NV Michel Van de Wiele
ZAITEX spa
Eastman Chemical Company
SYNERGIES HONG KONG LIMITED
Color Service s.r.l.
The LYCRA Company Singapore  Pte. Ltd
Weitmann & Konrad GmbH & Co. KG
China World International Exhibition Company Limited
ITMA Services Pte Ltd
Mesdan SPA
Loris Bellini S.r.l.
EUROVET ASIA LTD
Guess Europe Sagl,
Itema Weaving (India) Private Limited
Sportmaster Ltd.
Karl Mayer Textilmaschinenfabrik GmbH
Zydex Industries
Lottmann Communications
COTTON COUNCIL INTERNATIONAL
Brandix Lanka Limited
GIOVANNI BOZZETTO S.p.A.
Hirdaramani International Export Private Limited
Stahl Holdings B.V.,
Abit
Recron Polyester from Reliance Industries Limited
Thai Acrylic Fibre Company Limited
Thai Trade Center
Flainox S.r.l.
N9 World Technologies Private Limited
CGS Inc.
OVS Hong Kong Sourcing Ltd.
Istanbul Fuarcilik A.S.
Saurer Textile Solutions Pvt. Ltd.
Bluestem Global Sourcing Limited
Lifestyle
Palexpo SA
Tuyap Tum Fuarcilik Yapim A.S.
Rosset ;& Cia Limited
GERBER TECHNOLOGY LTD.
Applied DNA Sciences Inc
Mayer & Cie. GmbH & Co. KG
Chico’ FAS
Cat Tuong Real Estate Group Joint Stock Company
IIGM Private Limited
Xtema - Thomas Lebherz Textilmaschinen
Restoque S.A.
Under Armour Global Sourcing Ltd
International Textile Manufacturers Federation
Phong Phu international JSC (PPJ)
DuPont de Nemours, Inc.,
Vianney Textil Hogar S.A. De C.V.
Alison Hayes Romania
K AND D ITMACH EXPOSITIONS LLP
Splash
Tory Burch Hong Kong Ltd
Green Fibre
Chori Company Limited
Asos
Messe Duesseldorf
SHAHI Exports Pvt Ltd
Maceton Limited
Decathlon
IDH – The Sustainable Trade Initiative
Permoda(Koaj/Armi/Pronto/Bkul)
Lisa S.P.A.
Huntsman (Singapore) Pte Ltd
International Sourcing Expo Australia
Coats Digital Limited
TESTEX AG, Swiss Textile Testing Institute
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
T.T. Limited
Boardriders Asia Sourcing Limited
Jindal Worldwide Limited
BIANCA
Sportswear Company Spa
Varner AS Retail
Walmart
Kern – Liebers Textile
Brückner Trockentechnik GmbH & Co. KG
G-Star Raw C.V.
VNU Exhibitions Asia
Alix Partners
USTER
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Copenhagen Fashion Summit
Rieter India Private Limited
APLF Limited
Zünd Systemtechnik AG
Gokaldas Exports Limited
Grasim Industries Limited
TÜYAP IHTISAS FUARLARI A.S.
Desigual - ABASIC, S.A.
THE BOMBAY DYEING ;& MFG.CO. LTD
Seasalt Limited
Aquarelle Clothing Limited
Helly Hansen Far East Ltd
G.A.S. unternehmenskommunikation gmbh
Newtech Textile Technology Development (Shanghai) Company Limited
H. Stoll AG & Company KG
CSGIA(China Screen Printing & Graphic Imaging Association)
LC Waikiki
X-Rite Asia Pacific Limited (HK)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Babyshop
Colours India Inc
Truetzschler India Private Limited
BTC Textiles LLC
Tchibo GmbH
Datacolor AG Europe
Marzoli Machines Textile s.r.l.
Vardhman Textile Ltd
Inter Expo Center Ltd.
Nihalani Events Management

May 2022

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


Advanced Search