Home / Knowledge / News / Textiles / Clip down, demand up, outlook optimistic - AWI

Clip down, demand up, outlook optimistic - AWI

Mar '07
A wool market intelligence leader has told the 2007 ABARE Conference that, while wool supply will be low during the coming year, demand has lifted and prices should stay buoyant for some time to come.

In his presentation, “Australian Merino Wool: Playing to Our Strengths”, Chris Wilcox, Chief Economist, Woolmark Market Intelligence, explained that he is 'cautiously optimistic' about the remainder of the 2006/07 selling season. Mr Wilcox said that while wool production will be the lowest this season since World War II due to effects of the drought, the industry still has many factors in is favour.

“Things aren't as bad as the doomsayers might tell us,” he said. “The positives include continued strong global economic growth, fashion trends which support natural fibres, the best orders and business conditions in the global wool textile industry in 5 years and high oil prices which translate to high synthetic fibre prices.” Mr Wilcox believes that these current conditions should generally prevail and that, as a result, the raw wool prices we are seeing should be sustainable for the rest of the season.

“Savvy businesses in our industry are playing to the strengths of Australian merino wool – for example, since the turn of the millennium, many wool producers have changed the type of wool they produce, producing more fine merino wool in response to consumer demands for comfortable, lightweight, quality apparel. They are taking best advantage of consumer-led requirements. Other Australian wool businesses are also responding to consumer demands for quality, value and, very recently, the strong growth in interest for 'ethical' products.”

Must ReadView All

Pic: Shutterstock

Textiles | On 27th Sep 2021

China's infrastructure plan to spur domestic demand, economic change

China’s State Council's executive meeting recently adopted the 14th...

Pic: Shutterstock

Apparel/Garments | On 27th Sep 2021

AAFA calls for tariff relief as US industry deals with shipping crisis

American Apparel & Footwear Association president and CEO Steve Lamar ...

Pic: Shutterstock

Textiles | On 27th Sep 2021

Bangladesh seeks duty-free market access to US

Bangladesh recently urged the US to provide duty-free access to its...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Jacques Prigneaux, EDANA

Jacques Prigneaux

EDANA has been the leading global association and voice of the nonwovens...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

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

September 2021

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

Advanced Search