Industry News

Industry News

US imports of wool clothing has dropped sharply in the July to November period this year, led by a slump in imports of men’s wool wovenwear. For wool clothing, around 65% of the annual US imports of wool clothing is imported between July and November each year. This allows retailers to have wool clothing product available for the peak demand period in Autumn/Winter, between October and January each year.

The data on US imports for the July-November period this year shows a sharp drop in US imports of wool clothing, in both volume (by 35%) and value (by 36%). This decline was much greater than it was for cotton or for man-made clothing, which fell by 5% and 8% in volume terms, and 14% and 19% in value. Looking at the changes in US imports by the major wool clothing categories, men’s wovenwear (suits, jackets and trousers) suffered the greatest fall, down by 60% to 75% in volume and by 55% to 65% in value. Wool knits (jumpers, shirts, blouses, sweaters etc), overcoats and women’s trousers have seen smaller (but still significant) declines of 20% to 35%. The fall in men’s wovenwear is worrying and ties in with anecdotal reports from the wool textile industry that the weaving sector is facing a tougher time than the knitting sector. It also is not all that surprising given the move away from the office to working from home during the pandemic.

Further details, including a chart showing the year-on-year change in US imports in volume and value in the aggregate and for the nine largest wool categories, are provided in this week’s edition of the NCWSBA Weekly Newsletter. Available to NCWSBA members.

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The National Council of Wool Selling Brokers of Australia

 

National Council of Wool Selling Brokers of Australia

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