Home / Knowledge / News / Textiles / Yarn prices slack as demand for knitwear dampens
Yarn prices slack as demand for knitwear dampens
Jun '08
There has been a perceivable decline in yarn prices in the local markets over the last 15 days. Lean market, slow down of US economy and soaring crude oil prices have been marked as some of the major reasons behind this down trend.

The 30-count yarn which is widely used as a raw material for knitwear products is presently selling between US $2.75 and $2.80 a kilogram compared to $2.95-$3.0 per kilogram just two weeks back.

Experts strongly believe that prices have dropped also because of a good stock of both cotton and yarn brought by the traders. Cotton prices remained stable at 78-80 cents per pound in the international market for the last few months. This propelled Bangladesh to import 4.6 million bales of cotton from Uzbekistan and other CIS countries to meet domestic industrial demand.

Market analysts have observed that the prices of yarn started soaring since September last year when it touched $2.5 per kilogram. The index touched $2.75 per kilogram in December and $3.0 per kilogram in March, remaining pretty much the same till May.

The recent fall in prices, have mainly been attributed to plummeting demand for knitwear products in the international market, resulting in a dull season. However, experts believe that the present situation is a temporary one.

Sweaters along with T-shirts and Polo shirtsaccount for 70 percent of the total knitwear production.

To tide over this situation, a suggestion has been made to increase production of sweater because while the demand for T-shirts and Polo shirts have declined, that for sweaters have risen tremendously.

Must ReadView All

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

India extends reverse charge mechanism suspension by 1 yr

Textiles | On 14th Aug 2018

India extends reverse charge mechanism suspension by 1 yr

The Indian Government has extended the suspension of the reverse...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Harsh Shah

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

Umang Banthia

Established in 2005, SL Banthia Textiles manufactures coated fabrics....

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

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...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sanjukta Dutta
Sanjukta's Studio

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

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

August 2018

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

news category

Related Categories:

Advanced Search