Cost Of Wigs And Hairpieces On The Rise

Major wig suppliers are informing retailers this week that wig expenses are about to rise for any range of factors. Causes like increasing costs of production and transport, devaluation from the American dollar, financial adjustments in Asia and increased international demand are cited as major causes for the value increases.

Increased labor fees in Asian nations, exactly where various Curly Wigs and hairpieces are manufactured are partially to blame, as well as the devaluation from the American Dollar. The endless supply of low-priced labor in China and India, which helped flood the world market place with economical goods, is starting to dry up, mentioned Diane Swonk, chief economist at Mesirow Financial. China's Yuan has been steadily appreciating against the Dollar at a price of just much less than 7% for the year. More quickly appreciation in the Yuan is likely to help offset inflationary pressures from a weaker Dollar and rising worldwide commodity rates.

Petroleum, which has been hovering just under $100 a barrel, can also be partially to blame for improved charges within the wig market. Aside from the petroleum used to transport the goods, it's also a significant ingredient inside the synthetic fibers which are used within the manufacture of many remy wigs and hairpieces.

Human hair wig and hairpiece costs are also rising, primarily because of an improved worldwide demand driven by a higher acceptance and availability of human hair extensions on the industry today. Human hair is viewed as a commodity and the cost of raw human hair fluctuates as all commodities do by way of a direct partnership with supply and demand.

On the brighter side, at least for retailers, is definitely the news that human hair products and option hair are gaining higher acceptance within the general public. Larger demand translates into greater rates and generates higher income in the retail level.