Forecast Of Wool Supply And Demand In The World

Weak EU consumer demand, causing global Wool textile industry Worries. Main Chinese Wool processing Traders and wool manufacturers found it difficult to get orders from European buyers. China has 25% of the world's long spindles (spinning machines) and 20% of wool looms, accounting for almost 40% of the world's wool consumption. The slowdown in China's economic growth will have an impact on the wool industry.

Wool industry this year Demand growth May be lower than last year, but the global wool production is reduced, and the price of wool will remain stable. Let's take a look at the wool production forecast for 2012/13: Australian wool production is expected to be 34.5-35 million tons, basically the same as last year. Australia is the world's largest supplier of garment wool, and more than 75% of its wool is exported to China.

New Zealand is the world's third largest producer of wool and the world's largest supplier of coarse wool. Although the gross price of New Zealand is higher in 2011/12 and the herdsmen earn a lot, the wool production in 2012/13 is expected to decrease by 1.5% to 131 thousand tons in the year of 2013/14, and 128 thousand tons in the year. This is mainly due to the increased demand for mutton in the market, and the number of sheep slaughtered by herdsmen is also increasing.

The outbreak of Rift Valley fever, foot-and-mouth disease, and predation by carnivores on sheep led to a 6.7% decrease in South African wool production in 2011/12 compared with 28 thousand tons in the same period last year. At present, the epidemic situation has been controlled, and the production of South African wool in 2012/13 is expected to increase to 30 thousand tons.

The number of sheep in Argentina is expected to increase to 12 million 600 thousand in 2012/13, and the output of wool is expected to reach 28 thousand tons. Argentina's sheep raising industry is very competitive with grain crop cultivation and cattle raising industry, and its profit margins are relatively small. It is estimated that Argentina wool production will be reduced to 27 thousand tons in 2013/14.

Uruguay's wool production decreased by 6% in 2010/11. The wool production in 2012/13 is expected to increase slightly due to increased weight.

British wool production in 2012/13 is expected to be the same as last year, about 26 thousand tons, and will remain stable in the next two years.

A report by the economist think-tank predicted that the world's wool production in 2012/13 was 1 million 55 thousand tons and consumed 1 million 45 thousand tons.

China is the largest wool consumer in the world. Only after the recovery of European economy and the increase of consumer confidence can China's demand for wool get rid of its weakness. The US economic recovery has released a positive signal, but the US market is more in favor of cotton products, and Europe is the biggest buyer of wool products.

From a positive point of view, China's wool processing industry has been committed to the investment and improvement of textile machinery for a long time. In order to maintain mechanical operation, China needs to continue importing wool.

Wool consumption in Europe will continue to decline, especially for woven worsted fabrics.

Although Japan and the US remain important retail consumers of woolen products, they are no longer the major consumer countries. In the 1-10 month of 2011, the export volume of Japanese wool yarn was 8 thousand and 500 tons, an increase of 9.2% over the same period last year. The export volume of wool fabrics was 92 million 300 thousand square meters, up 10.4% from the same period last year. The consumption of raw wool in Japan will be maintained at 10 thousand tons in 2011/12 and 2012/13, and will decrease to 9 thousand tons in 2013/14.

In the 1-10 month of 2011, the total import volume of wool textiles and wool garments in the United States was 32 million 100 thousand square meters, 2.3% less than that of the same period last year. The volume of imports in November 2011 was 2 million 700 thousand square meters, a decrease of 4.2% over the same period last year, reflecting the lack of consumer confidence. In the next two years, wool consumption in the United States is expected to reach 8 thousand tons / year, mainly due to the priority of the US Department of defense in purchasing domestic products, and domestic wool consumption is mainly used for military purposes, especially the production of uniforms.

Wool consumption in India was 82 thousand tons in 2011/12. Reported that India recently introduced government incentives, such as the textile export tax rebate, re adjust the responsibilities of departments, and increase investment in machinery and equipment in textile industry. Therefore, India wool consumption in 2012/13 is expected to increase to 84 thousand tons, and 2013/14 will continue to increase to 85 thousand tons.

The advantage of Turkey's textile industry is close to the European market. Despite the weak market demand in Europe, the government of Turkey has adopted safeguards to support local textile and garment manufacturers and maintain the stability of wool demand. Wool consumption in Turkey is expected to be 46 thousand tons in 2012/13, the same as last year.

The Russian wool market may not be very prosperous in 2012/13 and 2013/14, and wool consumption will remain at 15 thousand tons. This is mainly caused by low productivity and low consumption demand in Russian textile industry.

Other countries, such as Uzbekistan, rely heavily on the European market. Wool consumption in 2012/13 will decline slightly to 14 thousand tons.