Australian Wool Trade

Australia is the world’s number one producer of premium quality fine wool, and is the largest producer of all wools by value and volume. The total wool produced in Australia is 324, 900 tonnes (greasy). The gross value of Australian wool (includes value of dead wool and wool on skins) is $2.96 billion, an increase of 10.8% from last year.

Wool production for 2016/17 is forecast to increase by 4.3%, to 339 million kilograms (greasy) from the estimated 2015/16 production period and is largely the result of excellent seasonal conditions in many areas resulting in higher fleece weights.

The total wool produced in Australia was 324, 900 tonnes (greasy) in 2016. The breakdown by State and Territory follows;

NSW:     122,900 tonnes                 VIC:        66,100 tonnes

QLD:        6,900 tonnes                    SA:         54,800 tonnes

WA:         65,200 tonnes                  TAS:         9,100 tonnes

– ABARES, Australian Commodity Statistic, 2016.

ABARE forecast in April 2017 that the national sheep flock would increase to 73.6 million head in 2016–17 and to continue increasing to around 83 million head by 2021–22.

-Australian Wool Innovation Limited, Australian Wool Production Forecast Report, April 2017

 

In 2015-16, the value of Australian wool exports was $3.281 billion. The major markets for Australian wool (by value) are China ($2.417 billion), India ($216 million) and Italy ($160 million).

Wool exports were forecast to rise by 4 per cent and reach 442,000 tonnes in 2017–18, as the expanding national flock results in further increases to the number of sheep shorn. This trend is expected to continue over the medium term and exports in 2021–22 are projected to grow to around 492,000 tonnes, valued at $3.9 billion, in real terms. Wool demand is continuing to grow in the European Union and the USA—the major international markets for imported clothing.

– ABARES, Australian Commodity Statistics, 2017.

Submission to the Senate Select Committee on Financial Technology and Regulatory Technology

FinTech, RegTech and AgTech provide substantial opportunities for Australia’s wool industry through digital and financial innovations that could lead to transformational efficiencies for businesses throughout the wool industry pipeline. WoolProducers supports the opportunities outlined in the issues paper for Australia to prepare for and take advantage of potential benefits that can be achieved through opportunistic approaches to development of these technologies. These opportunities may be either incremental or transformational in nature, and will require sufficient support so that industry can reap the rewards of positive innovation in X-Tech.

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WoolProducers AGM – New director welcomed

The WoolProducers AGM was held on 14 November, 2019 where new independent director, Mrs Stacey Lugsdin, was welcomed to the WoolProducers board of directors. Mrs Lugsdin is a woolgrower from Hay, NSW and has completed both the Australian Institute of Company Directors and Australian Rural Leadership programs.

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