Research, Technology

Time to stock up on clothes? Experts predict a global rise in prices

Now it is difficult to say which goods will not berise in price. If you say that everything will rise in price, you will be partly right. However, according to experts, the cost of clothing and footwear will increase especially strongly. On average, the cost increase will be at least 20-25%, and the increase in prices for premium clothing will reach 40%. And the point here is not only in sanctions, although partly in this too. The fact that clothes will become more expensive, experts started talking at the end of last year. The problem will affect not only Russia, but the whole world. The main reason is the coronavirus pandemic. But there are also other factors, including even global warming. How exactly the average temperature on the planet affects the price of T-shirts and jeans, we will analyze below.

According to experts, a serious rise in clothing prices should be expected in 2022

Why clothes are getting more expensive

One of the good reasons why we have already begunrise in clothing prices. Many companies simply could not survive the crisis, so they will never return to the market. In addition, the cost of work increased by an average of 15%, which will also lead to an increase in the cost of clothing.

The crisis in the metals market is also making its contribution.It led to an increase in the cost of fittings by an average of 30-40%. An increase in the cost of transportation will affect the price even more seriously. In connection with the energy crisis, maritime transport has already risen in price by more than six times. The cost of shipping by sea has also increased. The final cost of goods that reach the consumer also includes the cost of transportation by road to the point of sale.

The cost of maritime transport has recently increased more than six times

According to Baon retail chain president IlyaYaroshenko, the price of down jackets will increase the most, but the price increase will affect absolutely all types of clothing, including shoes. In addition, as mentioned above, the price increase will especially affect branded clothing.

Many fashion houses will try to make up for the losses they have suffered as a result of the coronavirus pandemic. Of course, this is on condition that the pandemic ends as we predicted.

Why global warming has affected the cost of clothing

The increase in the cost of clothing seems to have beeninevitable, even if we exclude factors such as the coronavirus pandemic, as well as the crisis in the metals and energy markets. The fact is that up to 40% of clothes are made of cotton. The production of this material requires a huge amount of water.

For example, to obtain 1 kg of cotton (approximately 6T-shirts) it is necessary to use up to 10,000 liters of water. Given that one person drinks an average of 1.5 liters of water, this amount was enough to consume for 18 years.

For 50 years of the Cotton industry in Kazakhstan, the Aral Sea has disappeared

Cotton industry in Kazakhstan for justhalf a century led to the disappearance of the Aral Sea. As we know, as a result of global warming, the world every year is increasingly facing a crisis of water resources. A major cotton producer like China is already experiencing water shortages. This, of course, cannot but affect the cost of cotton.

But it's not just about water, it's also about climate change.generally. For example, in India and Pakistan, due to climate change, floods are expected to become more frequent, as, in fact, in other coastal regions. That is, many regions will simply become unsuitable for growing cotton. This is partly due to the melting of glaciers, causing ocean levels to rise much faster than scientists predicted.

Does Russia have its own cotton

After the collapse of the USSR, Russia was left withoutown cotton, causing the textile industry to import raw materials. The largest suppliers were such CIS countries as Tajikistan, Kazakhstan, Uzbekistan and Kyrgyzstan.

Russia should hardly count on its own cotton production

However, these countries have recentlythere is a tendency to reduce the volume of exports of raw materials. This is due not only to climate change and water shortages, but also to the active construction of processing industries. In particular, the leadership of Uzbekistan set the task for local producers to increase processing at local textile factories in order to export finished products.

All this led to the need to growhis cotton. According to the Ministry of Agriculture, in the future, own production can fully satisfy the country's need for this material. However, according to experts, in practice, cotton production will face such problems as high costs, as well as climatic restrictions. Recall that the lack of drinking water in the near future will affect Russia. Therefore, you should not rely on your own cotton.

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Perhaps, against the background of the impending famine in the world, the crisis in the clothing market is not so terrible. However, it is also worth keeping in mind. Forewarned is forearmed.