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WOOL/ GLOBAL MARKET
source: www.britishwool.org.uk/
a-factsheet4.asp
www.woolgroup.co.nz/our_wool/global
_view.html#world_wool_prod
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Wool is a freely traded international commodity, subject to global supply and demand and representing only 3% of world fiber production…
Australia produces over 31% of the world's wool, the largest single source followed by*:
| World share (%) | | New Zealand | 14 | | China | 10 | | CIS | 6 | | Uruguay | 4 | | Argentina | 3 | | Turkey | 3 | | United Kingdom | 3 | | Other | 27 |
* World production 1998-99.
Australia produces approximately: - 32% of the world’s supply of raw wool
- 56% of the world’s supply of merino wool
- 73% of the world’s supply of traded apparel wool
Almost all of Australia's wool is exported, the major markets being China (accounting for around 30% of Australia's wool exports), followed by Italy, Chinese Taipei (Taiwan), Republic of Korea and France.The gross value of wool produced in 1999-2000 remained static at US$2.1 billion, less than half the value recorded in 1988-89 (US$5.9b), the peak year in the wool boom of the 1980s.
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