Industry News

Industry News

Data on Australian wool exports for February from the Australian Bureau of Statistics shows that the volume of wool exports declined by 10% in February, but the value of exports lifted by 1% for the month compared with a year earlier.
For the 2016/17 season to date, Australia’s wool exports were 6% higher by weight and 12% higher by value than for the same period in the 2015/16 season. The main reason for the increase in weight terms is a 13% increase in exports to China.

In terms of exports by micron category, there is a clear split between the results for Merino wool (19 micron & finer and 20-23 micron) and Crossbred-type wool (24-27 micron and 28 micron & broader). The value of exports for both 19 micron & finer and 20-23 micron wool has lifted this season, led by a 27% increase in the value of exports of 20-23 micron wool. The value of exports of 20-23 micron wool is at the highest level since the 2006/07 season. Despite the 4% drop in the volume of exports of 19 micron & finer wool, the value of exports of this wool has increased by 6% and is at the highest ever recorded for the July to February period. In contrast to this strong lift in exports for Merino wool, the value of exports of 24-27 micron and 28 micron & broader wool has fallen sharply this season – down by 28% and 43% respectively to the lowest level for the July to February period since the 2003/04 season. This reflects the parlous state of demand for this wool.

Full details, including a chart showing the data on Australian wool exports in both value and volume terms for 2014/15, 2015/16 and 2016/17 to February, are included in the NCWSBA Weekly Newsletter for the week ending 13th April 2017. Available to NCWSBA members.

NCWSBA Logo Welcome

NCWSBA logo white


The National Council of Wool Selling Brokers of Australia


National Council of Wool Selling Brokers of Australia



You need to enable user registration from User Manager/Options in the backend of Joomla before this module will activate.