Home / Knowledge / News / Textiles / Import of wool rises in value & volume
Import of wool rises in value & volume
Mar '08
Data supplied by Ningbo Port show, that in January, 2008, the import quantity of wool was 1,876 tons valuing at US $14.07 million.

It marked an increase of 28.5 and 58.3 percent in quantity and value respectively. Besides, the average import price of wool per ton stood at $7,499, up by 23.3 percent. Of the total wool imported by China, 98.4 percent came from Australia and New Zealand.

Major reasons behind increased imports in China can be explained from the fact that the processing trade import value was around $8.444 million, down by 1.1 percent compared to last January.

Most importantly, increased imports were made by foreign investment enterprises and the private firms, the latter making import valued at $5.391 million. However, no such orders were placed in the preceding year.

Experts believe that a huge amount of unqualified wool like white goat hair, skin shearing, and skirtings are inflowing into domestic wool market and if the Government does not standardize wool imports, development of Chinese wool industry can be at stake.

Fibre2fashion News Desk - China

Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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


Leave your Comments

May 2018

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

news category

Related Categories:

Advanced Search