Home / Knowledge / News / Textiles / Australian wool market upbeat on strong performance
Australian wool market upbeat on strong performance
12
Jan '12
The good performance by the wool market in Australia during the last two years has rekindled hopes of resurgence of the wool industry in Australia.

Wool producers in the country continue to witness good seasons with high prices as breeding-up sheep is a slow and gradual process.

Although the current economic crisis, especially in Europe, is of concern to the country's wool industry, producers are looking forward to fetch high prices this year.

Wool seems to back in fashion, as it is being valued more in recent years by young generation of consumers and several brands that are stocking woolen products on their shelves.

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) expects wool production in Australia to grow by 4 percent to 446,000 tons in 2011-12, owing to the growing numbers of sheep shorn and high yield per head.

In 2010-11 season, sheep flock in Australia rose by 9 percent to 74.3 million and in the current season it is estimated to increase by 5.4 percent to 78 million. However, the average wool shorn from a sheep may remain at last season's level of 4.3 kg.

The rise in wool production in Australia is likely to bring prices downward and ABARES has forecasted the wool price on the Australian Eastern Market Indicator to decline by 2 percent in 2011-12 to average Au$ 11.10 per kg.

On the export front, demand for wool items in Chinese domestic market is likely to be high owing to rising affluence there. But the weak growth in Japan, the US and the debt crisis in Europe are likely to dampen demand in these countries.

In 2012, Australia's wool exports are projected to gross last year's value of about Au$ 3 billion.

Fibre2fashion News Desk - India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search