The Industry Is Looking Down On India'S Clothing Prices.

< p > because the consumption tax of brand a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > has been abolished in India in March. The industry is optimistic about the declining trend of clothing prices. India garment industry is expecting consumers to benefit from this.

In fact, clothing retailers have been operating under the pressure of rising raw material costs and falling willingness to consume. The reduction of excise tax can make clothing retailers breathe.

However, the rising price of cotton yarn has made the industry once again hard hit.

< /p >

< p > garment manufacturers and exporters are considering increasing their product prices, raising prices by 10%~15% over the next few weeks, rather than lowering prices as expected by the industry.

What bothers them is that clothing sales have been slowing down for a year. Once again, raising clothing prices will hurt India's domestic consumption enthusiasm.

< /p >

< p > in the past two months, the price of cotton and cotton yarn in India has increased significantly, cotton prices have increased by 14% and cotton yarn prices have increased by 22%.

Take 30 cotton yarns as an example, the current market quotation is 220 rupees / kg, two months ago the quotation was 180 rupees / kg.

< /p >

< p > although garment manufacturers hope that raw material prices will return to normal, cotton yarn prices in April continue to spiral upward, leaving exporters with no choice but to shift the burden of raw materials onto consumers.

And because of worries about the stranding of orders, clothing retailers are in a dilemma. Whether in the domestic market or in the international market, the rising price of raw materials has affected their profits.

< /p >

The worries of India P apparel retailers also come from competition in the export market, including other Asian countries such as Bangladesh, Vietnam, Indonesia and Kampuchea.

On the other hand, due to high cotton prices, China's domestic production of cotton yarn costs higher, China imported cotton yarn from India, which makes India domestic cotton yarn demand tightening.

< /p >

< p > according to the statistics of the India government, in April 2012 ~12, India exported 758 million kilograms of cotton yarn, 20% higher than the same period a year ago.

India cotton yarn Advisory Committee < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > Department predicts that export will set a new record of 1 billion kg this year.

< /p >