The culprits of rising western apparel pricesBy: DHgate
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The culprits of rising western apparel prices
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The last decade of lower prices in textiles was mostly due to the large quantity of exports on the international market, coming mostly from developing economies. Exports from countries such as China and India were mainly responsible keeping the prices of textiles low. From the late 1990s till 2007, China doubled its market share in terms of clothing imported by the US to more than 16 percent. However, as commodity prices are on the rise all over the world, the era of cheaper apparel prices may have come to an end.
Energy prices, the price of crude oil and stable foods have increased at an unprecedented rate over the last year. To the dismay of many people around the world, this is no sign that this trend will subside in the near future. Along with other commodity prices, the price of clothing has increased dramatically as well—especially that of women's clothing. According to Ezinearticles.com, increases of 20-30 percent should be expected in clothing prices in some parts of the world. Consumers in the West, who are accustomed to having a wide range of cheaper imported clothing—either made or assembled abroad—are in for an unwelcomed shock. This is especially true in the United States, where the dollar has fallen substantially against most other currencies. The depreciating dollar will result in more expensive imports and therefore even more daunting retail prices for American consumers.
If US consumers take a look at fine print on their clothing tags, chances are they will rarely see a tag that says "Made in the USA." Most clothing in the US and Europe is imported from abroad—where cost of labor, raw materials and production is much cheaper. However, inflation and increases in wages have led to increases in the cost of production in large exporting countries such as China and India. According to Emergingtexttiles.com, the inflation rate in China was 4.80 percent in 2007 and is expected to reach to 5.50 percent in 2008. The inflation rate in Vietnam, another large textile exporter, reached 23 percent in June 2008. Overall, the Asian Development Bank’s official for Asian inflation is 5.1 percent for 2008. However, Rajat M. Nag, managing director general at ADB predicts that it will be higher. With rising prices all over Asia, production and labor costs will continue to increase in developing countries. As we speak many people in Asia, who work in the textile industry, are feeling the pinch on their margins. In the west, the same effect will be amplified as textiles make their way down to the retail chain.
The rise in textile prices is partially due to the fact that rising food prices have such huge impact on wage-earners in developing countries. In certain countries, food accounts for 40 percent to 70 percent of the monthly spending of citizens. Thus any price hike in food in these types of countries, especially in that of staple foods, will have a significant impact—not only on expendable income, but also quality of life. For instance, food prices in Vietnam rose 22 percent in May 2008 alone and as much as 50 percent in other Asian countries this year. Wages are starting to increase to counteract the inflation and are thus contributing to higher production costs. In certain situations where they have not, workers in the textile and other industries have joined forces to try to force companies to absorb at least a portion of the price hike. Nike is one such company who was faced with large-scale strikes. In the end, they were forced to raise wages by as much as 10 percent in some of their factories. Higher cost of labor means higher retail prices.
The staggering price of crude oil is also accountable for the increasing apparel prices in the West. Higher transportation and shipping costs, of both finished goods and raw materials, will be dearly felt by the consumer at the other end of the price tag. However, textiles such as clothing and bed sheets are a necessary commodity; consumers will not stop buying these goods because they are more expensive. It will be interesting to see how higher textile prices will effect consumption patterns. Will consumers opt for cheaper goods or choose to sacrifice quantity for quality?http://blog.dhgate.com/ |
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| Keywords |
Wholesale,China Wholesale,wholesale supplies,wholesale products,online wholesale |
| Category |
Business |
| Submission Date |
Dec 2, 2008 |
| Article Contact Name |
DHgate || send email to DHgate
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Other links at Business |
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RNCOS Releases a New Report- US Nuclear Energy Outlook
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RNCOS has recently added a new Market Research Report titled, “US Nuclear Energy Outlook” to its report gallery. Nuclear power plays a major role in the US energy industry as the country, after coal and natural gas, produces its maximum amount of electricity from nuclear power plants. Oil and hydropower are the next biggest sources of energy. But the US heavily depends on imported uranium for its nuclear power industry. And with China, India and Russia planning for massive deployments in nuclear power, the country may have tough times ahead in procuring raw material (uranium) for its nuclear reactors, says “US Nuclear Energy Outlook”, our recent research report.
This report outlines the growing importance of the US nuclear industry at global level. It analyzes the present status of the industry and assesses the opportunities available for investment. It thoroughly studies the current market trends and evolving areas in the US nuclear industry, and gives future forecasts on the industry. However, the forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
Key Findings of the Report
- At global level, China, Japan, India, the US, Russia and the Republic of Korea are expected to see most significant increase in their installed capacity by 2030.
- Decision to invest commercially in new nuclear plants will be largely affected by the fossil fuel prices and regulatory environment in the US.
- Due to deregulation, the US nuclear industry is projected to continue to witness ownership consolidation, presenting opportunities for investors trying to attain synergy.
- The nuclear plant construction has become extremely expensive with time due to progression to large plants before gaining much experience, failure of the expected economies of scale to materialize, and design changes and equipment retrofit. This may spoil the plans of the US to expand its nuclear power industry.
Key Issues and Facts Analyzed in the Report
- What are the potential growth area and market opportunities for the US nuclear industry?
- What is the current state and future prospects for the industry?
- How are different states performing in the US nuclear industry?
- What is the scenario of uranium availability in the US?
- What are the forces challenging the US nuclear industry?
Research Methodology Used in the Report
Information Sources
Information in this report has been sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Method
RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For more information visit: http://rncos.com/Report/IM160.htm
Current Industry News: http://www.rncos.com/Blog/
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| 2. |
Biometrics Intruding into Public, Private Sectors for Identity Recognition
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The global biometric market is estimated to have closed at nearly US$ 3 Billion in 2007, and is projected to grow at a CAGR of more than 20% by 2012, said “Global Biometric Forecast to 2012”, a new research report by RNCOS.
Over the last few years, biometrics has transformed in past few years from a technology used in a narrow band of closed environment applications into useful, feasible and fit-for-purpose tool used in various industries and applications. Moreover, as the technology offers accurate, reliable and cost-effective ways to improve security surveillance, the adoption of biometrics in both private and public sectors globally has gone up significantly.
According to the RNCOS research, rising security concerns, such as individual identity theft, and corporate and national security, are the key factors boosting growth of the biometric market. Thus, an increasing number of countries are using biometrics to identify their citizens. Besides, new anti-terrorist legislation in the US forced the government to mandate the use of biometrics in visa and passport, resulting in drastic growth of the global biometric market. Realizing the sensitivity of the issue of national security, many other governments are also following the same.
With rising use of key biometric technologies like hand geometry, iris technology and finger recognition by the government, the global biometric market is expected to witness moderate growth in coming years, said the report.
“Global Biometric Forecast to 2012” provides comprehensive information on various biometric technologies as well as their rising applications in different areas. It also contextualizes the role of technology in improving the security of both private and public sectors. It highlights the countries paying a great deal of attention to the application of biometric technology across a wide range of industries.
In addition, the report thoroughly analyzes the global biometric market and discusses its current and future scenario on the basis of regions. It underlines the future potential areas and key issues critical for the development of the market. The report also gives forecast on biometric by technology, biometric by application and biometric by region.
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Mobile Telephony to Propel Telecom Growth in India
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According to our new research report “Indian Telecom Analysis (2008-2012)”, telecom sector in India will maintain its growth rate in future despite the global economic downturn. The growth in the telecom sector will be driven by expanding mobile subscriber base which has outperformed all other segments of the industry in terms of growth rate. The mobile subscriber base is projected to reach around 800 Million users by the fiscal year 2014.
We have found that India's telecommunication sector is experiencing strong growth as rising income and falling tariffs are making mobile phones affordable for millions of new customers. Mobile players are seeing rural areas as their new growth avenues. Mobile service providers are answering the call of the wild by foraying into the so far ignored rural market. As the urban market has almost reached the saturation level, most of the cellular service providers have turned their attention towards the rural India to extend their reach and broaden base.
Furthermore, the Indian telecom market is now an open and competitive one with several established players trying to build further, and many new players are trying to make their presence felt in the country. This highly competitive nature of the market has been proving beneficial for consumers as the call charges throughout India with most of the operators are rupee one or less.
Our research “Indian Telecom Analysis (2008-2012)” thoroughly analyzes the key markets and factors fueling growth in this sector. For instance - it says that with saturation in the urban market, growth in the Indian mobile market will be driven by an increased focus on the rural market, aggressive promotions and handset bundle offers.
Our report discusses the telecom market both geographically, and by different services (like fixed-line and Internet). It thoroughly studies the market dynamics and offers both quantitative and qualitative analysis of the market. Besides, the report gives insight in the key market issues, emerging trends and technologies, new avenues for growth, market forces and competitive landscape in the market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM096.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 4. |
Global HEV and Plug-In Batteries Market Appears Bright
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According to our latest research “Hybrid Car Market Forecast to 2012”, the world will see a CAGR of around 16% during 2009-2012 in demand for hybrid electric vehicle (HEV) and plug-in batteries. HEVs combine the benefits of gasoline engines as well as electric motors and can be configured to achieve improved fuel economy, increased power, and above all, better performance as a result of very low level of green house gas emissions.
Increasing demand of gas, rising oil prices and environmental concerns are driving a market that is in need of alternative solutions. With rapidly increasing concerns for reduction in CO2 emissions, governments worldwide continue to support the development process of hybrids. Recent example has been a US$ 2.4 Billion package announced by the US government aimed at the development of hybrids and elective vehicles in the country. This is expected to fuel demand for HEV and plug-in batteries in near future.
Our research has found that the popularity of hybrid electric vehicles (HEVs) is increasing dramatically across all the countries in the world. At present, the developed countries are keen to promote HEVs while the developing countries are unable to enforce their usage. Also, Nickel-metal hydride (NiMH) batteries will continue to be the dominant HEV-battery technology through 2010, but are likely to later concede market share to Li-ion batteries.
Overall, we anticipate the global sales of hybrid cars to grow at a CAGR of around 20% during 2009-2012. The forecasts done in the report are based on our extensive industrial study and comprehensive analysis of both the current as well as future market development taking place across various key and emerging markets.
Our report “Hybrid Car Market Forecast to 2012” provides in-depth analysis of the factors which will fuel growth into this market over the forecast period (2009-2012). The report studies the hybrid car market of different countries besides analyzing the global market. It also provides analytical and statistical data on the concerned market. Due consideration has been given to the impact of economic slowdown while making projections. The research will aid clients to capitalize on the opportunities emerging in the worldwide hybrid car market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM199.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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South African Bank Deposit to Grow in Near Term
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As per the recent report “South African Banking Sector Analysis” by RNCOS, a leading business research provider, the total bank deposits in South Africa is forecasted to grow at a CAGR of about 18% during 2009-2013. The continued growth in the number of black people joining the ranks of the middle- and high-income groups will be a key driver in propelling demand for depository services over the forecast period.
The prospects for the depository services are reasonably bright as the emergence of the black middle class will support rising demand of banking services like deposits. It is estimated that over 10 Million adults in South Africa still do not have access to even basic banking services like deposit facilities, cash withdrawal and payment facilities. However, the increased demand from the lower-income black population and pressure from the government through the implementation of the Financial Sector Charter (FSC) are forcing banks to penetrate into this untapped market by offering low cost services. For example, offering low-cost bank accounts, such as First National Banks' Mzansi accounts, has helped to boost the number of adults with bank accounts to around 19 Million as of the end of 2007.
Moreover, aggregate personal disposable income (in local-currency terms) is estimated to continue growing throughout the forecast period, which will provide an additional impetus to the growth of banking services, particularly depository products during this period.
“South African Banking Sector Analysis” is a comprehensive research report that comprises quality research and in-depth analysis on the banking sector in South Africa. It studies the emerging market trends, recent developments and their impact on the sector. The report will help clients to analyze the leading-edge opportunities, key players, expected future outlook and all the other factors which are critical to the success of a new entrant in the South African banking sector.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM080.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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