Global Wool Production Has Declined Overall, And Prices Will Remain Stable Basically.

Weak EU consumer demand, causing global

Worries.

The demand for wool industry this year may be lower than that of last year, but the price of wool will remain stable basically because of the decrease in global wool production.

Global wool production overall decline

Australia is the world's largest supplier of garment wool, and more than 75% of its wool is exported to China.

Australian wool production is expected to be 345 thousand ~35 million tons in 2012, basically the same as last year.

New Zealand is the world's third largest producer of wool and the world's largest supplier of coarse wool.

Despite the high price of New Zealand in 2011/2012 and the high income of herdsmen, the number of sheep slaughtered by herdsmen increased as the demand for mutton increased in the market. The wool production in 2012/2013 decreased by 1.5% to 131 thousand tons compared with expected, and the 2013/2014 year will be further reduced to 128 thousand tons.

Argentina's sheep raising industry and food crop cultivation, cattle industry and other fierce competition, relatively small profit margins, the number of sheep in Argentina in 2012/2013 is expected to increase to 12 million 600 thousand, and the output of wool is expected to reach 28 thousand tons. It is estimated that the Argentina wool production in 2013/2014 will be reduced to 27 thousand tons.

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 2011/2012 compared with 28 thousand tons in the same period last year.

However, the epidemic has been controlled, and the production of South African wool in 2012/2013 is expected to increase to 30 thousand tons.

Uruguay's wool production decreased by 6% in 2010/2011.

The wool production in 2012/2013 is expected to increase slightly due to increased weight.

British wool production in 2012/2013 is expected to be the same as last year, about 26 thousand tons, and will remain stable in the next two years.

Consumer demand continues to slack

A report by the economist think-tank predicted that the world's wool production in 2012/2013 was 1 million 55 thousand tons and consumed 1 million 45 thousand tons.

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

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China's major wool processors and wool manufacturers find 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 of China's economic growth will have an impact on the wool industry.

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.

Although Japan and the US remain important retail consumers of woolen products, they are no longer the major consumer countries.

In 2011 1~10, 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 2011/2012 and 2012/2013, and will decrease to 9 thousand tons in 2013/2014.

In 2011 1~10, the 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. This is 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 2011/2012.

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 2012/2013 is expected to increase to 84 thousand tons, and 2013/2014 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 2012/2013, the same as last year.

Because of the low productivity and low consumption demand in Russian textile industry, the Russian wool market in 2012/2013 and 2013/2014 may not be very prosperous, and wool consumption will remain at 15 thousand tons.

Other countries, such as Uzbekistan, rely heavily on the European market, 2012/2013.

Consumption will decline slightly to 14 thousand tons.