Wool Price Trend And Market Dynamic Analysis

From the perspective of apparel retailing worldwide, China is on a downward trend, but it still has a 9% growth in autumn and winter, but the growth rate has slowed down. This also reflects the slowdown in China's economy. The growth of clothing and retail sales in the United States in autumn and winter is over 4%, and Germany's growth is relatively good. The growth trend of other countries such as Japan and Italy has declined.

Consumer confidence is one of the driving forces to promote wool consumption. Surveys show that consumer confidence is strong and weak in countries and regions where major woollen products are consumed.

The recent consumer confidence in the United States is the lowest in eight years, while in Europe, consumer confidence is the strongest in eight years. Asia, including China, has relatively low consumer confidence, but is gradually recovering in the near future, and Japan is also recovering. In South Korea, consumer confidence is relatively weak.

In terms of the trend of international wool prices, ChrisWilcox said that in the past 12 months, the price of wool has increased in the currency of wool producing countries, while the price of wool in US dollars has declined. This is because the appreciation of the US dollar has resulted in a significant depreciation of the currency of the major wool producing countries; the price of hybrid wool and coarse wool has been rising; the price of the beautiful wool has created a new high; the price of superfine wool continues to be weak; the price of cotton and chemical fiber has a downward trend.

China's exports of wool textiles have improved and sweaters have risen.

The class is on average, ChrisWilcox said, because it has been declining, which is a good export situation.

ChrisWilcox said another important driving force for future wool products consumption is also from people's income.

According to statistics, people's income has risen.

Consumption will also rise.

In recent years, the income of the Chinese people has been increasing. This will bring more consumption of wool products. But as the economic growth slows down, the speed of people's income growth will decline, and the consumption of wool products will also be affected, so this is a driving force for both opportunities and challenges.

He is optimistic about the forecast for the coming year, but he believes there are risks as well. In the long run, opportunities and challenges coexist.

He said that despite the impact of the global financial crisis, the sale of men's clothing has been on the decline, but it may have bottomed out. New data may show that sales have risen; the trade in sweater clothing has been strong; the sales of women's coats have been very good, and the sales volume of woollen women's clothing other than women's coats will continue to decline. At present, the sales volume of wool woven and tufted carpets has risen steadily after the trough since 2008, and the sales volume of woven carpet continues to decline. In the future, the wool industry of major developing countries will face various opportunities for development.