Heimtextil Very Active
January 19, 2016
Mild Frankfurt weather plus new show dates helped get the crowd out for Heimtextil at the Messe Frankfurt showplace.
USA, UK, Pacific Rim, India decorative fabric markets proved to be the most dynamic but one should never count out The China domestic market. Middle East and Russia are hurting, Turkish suppliers say, while currency drops dramatically affect South Africa and South America.
"The rand is down 35% against the dollar," said Port Elizabeth wholesaler Stuart Graham.
The rand drop has prompted Fabric Library to raise prices 18%, it was learned. Nobody can seem to buy cheap enough under those circumstances.
South America, especially Brazil and Argentina have also been hard hit by currency devaluation, making business slower there.
For many, 2016 will be a more challenging year. Stay tuned!