Defraying costs for denim and other garments are soaring as the cost of manufacturing increases, according to an analysis from Apparel Industry Research, a company that tracks the apparel industry.
The company found that jeans are now costing about twice as much to make as they did in 2016.
A pair of jeans costs $70 to make, but an order can cost $1,400, which is about a 50 percent increase.
“The cost of the jeans is about 10 percent higher than it was a year ago,” Apparel said in a statement.
Apparel found that “unlike other apparel segments, the cost increases are concentrated in the $10 to $20 range,” Apparels analysis found.
“For a $100 pair of pants, the overall cost to make them is more than three times the amount it was just two years ago.”
In 2016, denim costs about $50 to make.
This year, the price is $300.
Appareels analysis shows that “the cost of denim is increasing by about 10% per year,” the company wrote.
“At $50 per pair, the combined costs for the denim and pants are more than 50% of the total production cost.”
Apparel’s analysis was based on the most recent quarter, but the study also looks at “other apparel categories” in the past two years.
For example, apparel costs more than $100 to make in 2017, but they’re “now more expensive than in 2016.”
The data shows that denim and apparel are becoming more expensive to make because of two factors.
First, the global supply chain is becoming more complex, making it more expensive for denim companies to use more materials, as well as make more garments.
Second, the quality of denim has improved, making them more durable.
“As denim has become more expensive, the supply chain has become much more complex and therefore the quality has improved,” Apparents chief executive, Peter J. Wojcicki, said in the statement.
“This has made it easier to find quality denim.”
The companies report comes as companies around the world are struggling to keep up with demand for denim, particularly in the apparel market.
The global market for denim was worth $2.3 trillion in 2016, according the latest figures from IHS Global Insight, and the denim industry is expected to reach $3 trillion by 2020.
The United States accounted for more than half of the denim market in 2016 with about $1.9 billion, according a report from U.S. retailer Uniqlo.
For 2017, the U.K. accounted for $1 billion, followed by the United States with $967 million.