Industry News

Industry News

The latest data on shows that China’s imports of raw and semi-processed wool in April were 18% below year earlier levels. This continues the run of year-on-year declines in the past seven months. Since October, only February recorded a year-on-year increase in China’s raw and semi-processed wool imports. Imports from Australia, New Zealand, Uruguay and ‘other countries’ all fell in April, down by 16%, 22%, 40% and 16% respectively. Only imports from South Africa increased in April.

For the 2015/16 season to April, China’s imports of raw and semi-processed wool were 6% lower than the same 10 month period in the 2014/15 season. Imports from all sources were down for the season to April, led by an 11% decline in imports from both New Zealand and Uruguay. In spite of the strong lift in April, imports from South Africa were 7% lower for the season to date, as were imports from ‘other countries’. Imports from Australia were 6% lower than for the same period in 2014/15.

Full details including a chart showing the long term trends in China's raw wool imports by source country are contained in this week's NCWSBA Weekly Newsletter. Available to NCWSBA members.

National Council of Wool Selling Brokers of Australia

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