Cashmere products prices are expected to continue to climb

“With the continued high cost of operation, the terminal sales price of cashmere products represented by high-end luxury goods will also continue to rise.” Tian Hao, Director of the Animal Husbandry and Importers' Association of China’s Animal Husbandry Department said on the 11th.

It is reported that the 2011 China International Cashmere Fair, co-sponsored by the China Chamber of Commerce for the Import and Export of Food, Animal and Livestock, and Bosch will be held on October 24-26 at the Beijing National Convention Center.

As a high-grade textile raw material, more than 75% of the world's cashmere raw materials are produced in China, and 90% of cashmere raw materials are processed in China. The number of Chinese cashmere and processed products ranks first in the world, and the world's cashmere consumer market has more than 3/4 of the world's cashmere. Product from China. However, due to factors such as technology, brands, and channels, China's cashmere products basically occupy the low-end market, and more than 85% of its export products are "OEM."

According to customs data, during the first eight months of this year, China’s cashmere and export products totaled 96.35 million U.S. dollars, an increase of 32.4% year-on-year. Tian Hao said that cashmere products maintain a strong double-digit growth momentum, which is a very good achievement for the Chinese cashmere industry facing many difficulties such as weak market demand, rising factor costs, and changes in the exchange rate; however, growth Mainly driven by export prices, both the primary product and finished product, the growth rate of the amount is far lower than the amount of increase. "On the one hand, the increase in raw material prices has driven the increase in downstream prices. At the same time, we can also see the initial results of the transformation and upgrading of China's cashmere industry. The added value of products has been improved."

Since 2009, the price of cashmere raw materials has been operating at a high level, which has also brought greater cost pressure to cashmere deep-processing companies. The industry pointed out that due to certain scarcity, the probability of falling cashmere raw material prices in the future is relatively small. How to maintain the continued development of the cashmere industry under the conditions of high costs has become a subject that the entire industry is eager to crack.

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