Import prices droop for leather & pertrochem products

08 Apr '08

1 min read

Statistics show that compared to December 2007, in January this year, prices of imports dropped by 0.3 percent.

While prices for imported goods from non-euro area decreased by 0.7 percent month-on-month, those from euro area remained the same as in December 2007.

Major factors affecting price change were supply and demand, quantity of imports, new contracts and market conditions.

For the ongoing year, reduction in import prices was registered in groups like leather and leather products (1.8 percent), watches and clocks (1.3 percent) and petroleum and furniture goods (0.9 percent).

However, import prices for apparel and furs among others, remained the same as in December 2007.

An increase in prices was seen in chemical, chemical products and man-made fibres (0.3 percent) as also in textiles (0.2 percent).

On an annual basis, import prices declined by 0.7 percent with prices of products from euro areas declining by 0.5 percent and non-euro area drooping by 1.0 percent.

Import prices for leather and leather products have continued to recede since January 2007 and in stark contrast to this, prices of apparels and fur have marked a considerable increase of 2.8 percent this year.

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