Market Analysis: Exports Of Wool Textile Raw Materials And Products Fell By 1% Year-On-Year From January To November

As of November, the export of wool textile industry continued the slowdown situation since the second half of the year. From January to November, the export of wool textile raw materials and products reached US $11.2 billion, down 1% year on year.

The export situation of major export destinations and emerging markets has no obvious bright spot in 2023. The United States is still the main export market, and its export share has increased, accounting for 23% of the total export of wool textile products, which is mainly reflected in the growth of carpet exports, while exports of wool knitting and wool woven clothing to the United States have declined significantly. The export of wool textile products to the EU was also basically stable, with a year-on-year growth of 0.3%, accounting for about 20%. The export to ASEAN, another major market, declined by 11% year on year, accounting for 12%, down 1.4 percentage points, which is mainly reflected in the rapid decline of wool yarn and wool fabric exports to ASEAN.

In the first 11 months, the import of wool textile raw materials and products declined rapidly, with a total import of about 3.8 billion US dollars, down 7.8% year on year. During the same period, 272000 tons of wool were imported, a year-on-year increase of 2.5%, and the import volume was 1.88 billion US dollars, a year-on-year decrease of 9.8%. The quantity of wool imported from several major wool producing countries has increased.