Home / Knowledge / News / Textiles / Low production hinders growth of global wool industry
Low production hinders growth of global wool industry
Oct '12
Insufficient wool production is the main hindrance in the growth of international wool industry, said Chris Wilcox, chairperson of the marketing intelligence committee of the International Wool Textile Organisation (IWTO), in an interview to ABC Australia.
Speaking about the factors affecting wool industry’s growth, Mr. Wilcox cited the growing tendency of raising sheep for consumption of meat in Australia and the rest of the world as an impediment, which can lead to a rise in wool prices and eventually impact the growth and demand of wool in future.
He also acknowledged the role played by unexpected incidents like terrorist attacks, financial crises and natural disasters in shaping up the demand for wool internationally, ABC Australia reported.
However, he was optimistic that the demand for wool will rise with the growth in population and rising incomes of people in the coming years. The countries where there can be real growth opportunities in terms of wool consumption are China, Turkey, Russia and the Central European nations like Czech Republic, Poland, Bulgaria and Romania, according to Mr. Wilcox.
According to industry experts, the worldwide supply of wool is presently at its lowest in the last 70 years. Although the production of wool is expected to increase in the next decade, it would still be insufficient to meet the growing demand.
IWTO is the international body representing the interests of the world's wool-textile trade and industry. As such, its membership covers the woolgrowers, traders, primary processors, spinners and weavers of wool and allied fibres in its member-countries, as well as all kinds of organisations related to wool products and the wool business in general.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search