Himfr.com Analyzes Cashmere Industry Market Trend
B2B search platforms with more than 30 B2B industry websites to its name,
analyzes the cashmere industry market trend.
Outlook 2009, cashmere market will have favorable factors and negative
factors, and opportunities and challenges both exist.
Comprehensive analysis shows that the current cashmere market downturn has
unfavorable factors in the following areas:
First, consumer pessimism about the world economy is expected to result in
reduced international demand. In 2009, global economic growth will slow down,
the research institutions continue to reduce the projections of economic
growth this year. The International Monetary Fund (IMF) expects global
economic growth this year to fall from 1 to 1.5 percent; pessimistic economic
expectations dealt a heavy blow to consumer confidence.
Reduced consumption in
countries has caused cashmere products distributors to change this year’s
sales plans, thereby reducing the orders to the domestic enterprises.
According to Himfr.com’s analyses forecasts this year, European and
States
Second is the imbalance between supply and demand. Last year, the cashmere
market downturn and reduced demand on the international market resulted in
difficulties in enterprise sales of cashmere and cashmere inventory increase.
Even taking into account the new production from the original cashmere,
prices were likely to be reduced. With the old and the new overlay, this
year’s supply of cashmere is still significantly more than in previous years.
Third, exchange rate instability caused export difficulties. At present,
although the rate of the yuan against the U.S. dollar has stabilized, the Euro
and South Korean Won have appreciated too rapidly and become volatile.
All in all, in the present situation, the cashmere market will still
continue its downward trend.
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SOURCE Himfr.com