Industry News

Industry News

Australia exported 315.2 mkg greasy of wool in 2015/16 at a value of A$2.74 billion or US$2.02 billion. Compared with 2014/15, Australia’s exports were 11% lower in volume, 1% higher in A$ value and 10% lower in US$ value. The export volume in 2015/16 was the lowest since 1979/80 when the NCWSBA database records begin. It would probably be the lowest volume of exports since the 1920s as Australian wool production in 2015/16 was the lowest since 1925/26.

In spite of this low volume, the A$ value of exports was the highest since the 2003/04 season (the volume of exports in 203/04 was 461 mkg greasy). The volume of exports to a number of the major destinations in 2015/16 was below the level of 2014/15. Most significantly, exports to China fell by 12%, although it only fell back to the levels seen in 2013/14. Even with this decline, China’s share of Australia’s exports was at 74% in 2015/16, down only a little from the 75% share in 2014/15. Exports to India, Egypt and ‘the Rest of Europe’ increased.

The value of exports to China, India, Italy, Egypt, the rest of Europe and ‘other’ destinations all increased in 2015/16. This increase was helped by the higher wool prices seen throughout the 2015/16 season.

Full details including charts showing Australia's wool exports by destination in volume and value terms are contained in the NCWSBA Weekly Newsletter for 5th August 2016. Available to NCWSBA members.

National Council of Wool Selling Brokers of Australia

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