Wool Market Reports

CCWG Wool Market and Business Update – Fall 2019

Written by CCWG Friday, November 15, 2019

CCWG Wool Market and Business Update – Fall 2019

2018 / 19 Wool Market Update

The wool market has been experiencing quite a rough ride for the current wool marketing year.  During the first quarter the market seemed to be on track for stable conditions with both fine wool and crossbred types achieving reasonable prices and demand.  There were expectations at the time that good progress was being made for a new China / USA trade agreement.

This situation however was short lived from April onwards as a number of factors came into play.  Traditionally the market for wool is at its best and consumer confidence is greatest when there is positive growth in global economies and a stable worldwide political environment.  The current situation of widespread indecision and uncertainty has had a detrimental effect on all value chain partners within the entire wool textile industry.  China is the world’s largest market for woolen garments of which approximately 45% is for domestic consumption and the remaining 55% for export.  The escalation of the China / USA...


CCWG Wool Market and Business Update Fall 2018

Written by CCWG Monday, October 29, 2018

CCWG Wool Market and Business Update – Fall 2018
2017/18 Wool Market Update

Read full Market Report for 2018

In the last 12 months fine wools from all origins have achieved unprecedented record prices although at the time of this writing prices have pulled back for most microns in the last couple of weeks.  Unfortunately the crossbred and broader wools which are much more plentiful in supply have been left behind for the most part and have only recorded marginal increases compared to the previous year.

The growth in fine wool prices can be attributed to two main factors.  There is major concern regarding future available supply due mainly to ongoing Australian drought in most of the major wool producing states.  This has resulted in decreased production ie lower fleece weights due to feed shortages and reduced sheep numbers.  For the 2018/19 season it does not look any better with the current forecast of a 5.7% reduction in the Australian wool clip.

As always, China is playing a major role in influencing the market due to the...


CCWG Wool Market and Business Update-2017

Written by CCWG Tuesday, January 2, 2018

CCWG Wool Market and Business Update – Fall 2017

During the 2016/17 wool marketing season there has been a very significant contrast comparing the fine and coarse wool markets. Fine wool has experienced solid global demand and record prices have been achieved for many wool types 22 micron and finer.  A number of factors can be attributed to this success including the positive international branding of Merino wool.  As well, new and innovative wool products such as double faced and fake fur fabrics being manufactured in China have created new consumers for wool and these products require significant quantities of fine wool to produce.  
The specifications for Chinese government uniforms including military, railway and postal etc have recently been changed to favour more fine wool content and huge quantities of wool are required for these contracts.  In China mills are currently focused on increasing productivity and product quality, they have also made significant capital investment in order to comply with new stringent government environmental regulations. 

The broader crossbred wool market has struggled the past 18...