According to Pro-tejer FoundationThe first, and therefore most decisive, is the increase in the prices of raw materials in the textile and clothing sector worldwide due to the fact that the main producing countries present delays in rebuilding their activity after the contraction caused by the pandemic. .
In parallel, the rates of Electricity and gas also increased on a global scale, mainly affecting manufactured raw materials.
In this sense, the price in dollars of cotton fiber rose 59% in its year-on-year comparison, while polyester fiber, 26%; viscose rayon, 24%; 84% spandex (raw material for lycra yarn) and 70% acrylic.
To these percentages must be added another essential factor, freight, whose value continues to increase steadily since mid-2021 “and which has a major impact on goods with a lower relative price,” explained the entity.
In that sense, according to Baltic Exchange Dry Index, an index of maritime freight for dry bulk cargo cited by the study, the increase in these costs was greater than 170% in dollars throughout the year and reached its maximum peak in October 2021.
In turn, market sources indicated to Pro-tejer that a container that pre-plagued US $ 2,000,000 today could cost about US $ 12,000,000 up to 600% more.
Within this scenario, the increase in the exchange rate that generated a 25% devaluation of the Argentine peso in interannual terms in November 2021 and the scarcity of textile workshops, a phenomenon started in the 90s by neoliberal politics.
“Another important element to highlight is the lag in the recovery of domestic consumption as a result of the loss of purchasing power of the population. As an effect, the units sold of clothing are still well below the levels of 2019 (which they were already behind in real terms), “he said.
The report assessed that “the recovery is still partial” and, despite the fact that demand showed encouraging signs of growth, “a limited supply of these inputs persists and at higher costs”.
Source From: Ambito
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