Home / Knowledge / News / Textiles / Import of wool rises in value & volume
Import of wool rises in value & volume
12
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

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Eamonn Tighe
Nature Works LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

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

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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