Textile prices, like many raw materials, are soaring on resurgent post-pandemic demand and the rocketing cost of both energy and transport, industry experts say.
Cotton, linen, silk and wool, as well as synthetic materials derived from petroleum, faced surging prices in recent months, boosted also by the global supply-chain crunch.
"The restart of activity worldwide in 2021 and the increased demand from the textile industry have accelerated the mechanism of tension on raw materials," it added.Cotton, which had already surged almost 50 percent last year, peaked earlier this month at $1.29 per pound -- reaching a level last seen in 2011.The cost of wool and flax linen meanwhile rebounded between September 2020 and June 2021, having declined for almost three years.
Importers and exporters face a huge spike in transport costs, as reopening economies create feverish demand for container shipping.
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