We Are Holding the Line on Price Increases
First quarter 2022 Pricing Guide
2021 was a wild ride on the supply chain roller coaster and once again we have received notice that prices on all our raw materials will be increasing in 1Q22. These increases will affect production costs on all Trail Chasers, Stake Chasers, stake flags, survey markers, flagging tape and trail markers for hunting. However, we are holding the line on our retail pricing going into 2022 for as long as possible.
Affecting the lightweight stakes used in Trail Chasers brand products, aluminum prices in 2021 continuously grew and in October 2021 reached $2934 per tonne, gaining 62% compared to October 2020. Due to increasing demand against expected supply limitations, the average yearly price of aluminum in 2022 is projected to rise by another 6% year-over-year.
The pandemic has also wreaked havoc on the historically stable resin market which is used in the manufacture of the plastics used for marking whiskers. Disruptions in the global supply chain by labor shortages, increased demand for plastic, increasing demand for plastic packaging materials, plastic production shutdowns, and domestic inflation has led to a severe spike in the price of plastic goods.
While there is no way to forecast prices on these raw goods, some of our suppliers are telling us that there is hope that costs soon will stabilize. Unfortunately, aluminum prices will probably continue to rally in 2022 but resin experts are anticipating a year-long recovery period for the plastics industry, meaning normalcy would resume in 2022, assuming there are no further interruptions. Whether that timeline is still feasible remains to be seen. We can only hope!
We appreciate each one of our customers, distributors and wholesalers and will always strive to produce the best product on the market at the lowest cost possible.
Bye Bye 2021 - Welcome 2022 Best Wishes!
