Raw material prices increase or reach 2 digits The rising cost of Austrian textile industry will cause a new round of production transfer

Austrian "Economics" news, the Austrian textile and garment, shoes and leather industry association data show that in 2010 the Austrian textile industry sales of 2.3 billion euros, an increase of 11.1%; apparel industry sales of 1.16 billion euros, an increase of 6%. It is worth noting that in 2010, the cost of the textile and clothing industry rose rapidly, and the price of raw materials rose by 5%-6%. It is expected that the increase will reach 2 digits in 2011.

At present, the price of cotton has risen more than three times, and the price per kilogram is as high as 3.63 euros. In addition, rising wages and the lack of cotton in Asia and other places will further push up raw material prices. Due to rising costs, the textile and garment industry will gradually shift its production bases to other countries. German textile and garment companies have already begun to transfer to Romania, Bulgaria and other countries. This has caused some enthusiasm for the development of Austrian companies in the region, but Austrian companies can Moved to lower cost Belarus and Ukraine. The production of high-end products such as smart textiles and multi-functional garments will remain in Austria.