Latest Wool Trading News - December 2022

Feasibility report on Australia’s early-stage domestic wool processing – risk and benefits

A Deloitte Access Economics report outlining the danger of reliance by the Australian wool industry on offshore wool processing has been released by WoolProducers Australia. Ed Storey, President – WoolProducers Australia says: 95% of our wool production is reliant on early-stage processing in a small number of countries before it can be used in the global textile supply chain. This concentrated reliance, together wi... Read More

Schoeller exhibits new Sustainno Yarn at ISPO Munich 28 – 30 November 2022

Schoeller will exhibit its new Sustainno Yarn at ISPO Munich where major brands and manufacturers from over 50 countries will be showcasing their new products in footwear, textiles, accessories, and more. The Schoeller Spinning Group is a global supplier of yarns with a particular focus on worsted yarn. ‘The quality of textiles for fashion, sports and technical fields of application depend on the quality of the p... Read More

Australian Wool Market Report – AWI Commentary (24 November)

This week’s Australian wool auctions produced positive price gains for all types on offer. The Merino sector was the most sought after and finished selling at a general 40 to 70ac dearer. The very small volume of better super fine descriptions finer than 18 micron were extreme in pricing at times, with some individual lots fetching 150/200ac more than last week. Some slight gains were also seen within the crossbred ... Read More

New Zealand Market Report (24 November 2022)

North Island only offering 6,900 bales.  The selection consisted of 15% crossbred fleece, good/average style, 36.0 to 39.0 micron, 20% crossbred hogget fleece 30.0 to 35.0 micron good style, 35% crossbred/hogget second shear, bulk 75mm good style, 20% associated oddments, 8% old/reoffered lambs average/poor style and 2% miscellaneous types.  Good competition with Indian subcontinent main and support from local carpe... Read More

South African Weekly Market Report (23 November 2022)

The 13th sale of the 2022/23 wool season took place this week, with a larger offering of 10 777 bales. The offering consisted of good quality wools, with longer length fine micron wools comprising 60% of the offering and sustainably certified wools making up 48% of the merino wools on offer. Good participation from the buying houses resulted in a good overall sales clearance of 94%. The market had an overall g... Read More

IWTO Wool Round Table 2022

The annual Wool Round Table takes place 1-2 December this year in Nuremberg, Germany at the NH Collection City Hotel. This live meeting will be the first in-person gathering time since 2019. Programme highlights Wool market intel • EU textile legislation and a look at the textile manufacturing market • Wool for the outdoor industry • A fresh look at the wool suit •  The latest in textile sustainability We’l... Read More

Patterns of US apparel trade and sourcing: latest trends and outlook

Based on the latest trade data released by the Office of Textiles and Apparel (OTEXA) and the US International Trade Commission (USITC), this article analyzed the US apparel import patterns in the first three quarters of 2022. The findings, outlined by Dr Sheng Lu, associate professor in the Department of Fashion and Apparel Studies at the University Delaware, help fashion brands, retailers, and suppliers navigat... Read More

Knitted Suits – The Future Is Here

Australian Wool Innovation’s marketing arm The Woolmark Company and fashion giant BOSS are taking the suit in a brand-new direction – fully knitted. AWI Chief Executive Officer John Roberts says the fully knitted suit is a game changer. “Our product innovation team in Germany worked closely with BOSS and STOLL a leader in flat-knitting machine technology and used yarns from Suedwoelle to turn this great idea i... Read More

Turkey’s textile industry aims for top global export position

Turkey’s textile industry that has increased its share in global trade over past years aims to become one of the top three players in the world market. “We already reached our target, which we set out four years ago, of making Türkiye one of the top five textile exporting countries. We overtook countries like South Korea and Italy to claim the fifth spot. Now, we are aiming to become one of the top three,” said A... Read More

Warmth without weight

Aclima’s WoolNet base-layer range has a new award-winning addition: WoolNet Light, made from 100% Merino wool and weighing in at well under 100g. Norwegian company Aclima is a Woolmark licensee that specialises in sports base-layers and mid-layers, with Merino wool in most of its products. Founded in 1939, the company is very well regarded; the Norwegian military has used Aclima garments for years. Aclima’s WoolN... Read More

U.S. business activity weakens further, USD nears 3-mth low, Euro zone downturn eases slightly

U.S. business activity contracted for a fifth straight month in November as higher interest rates slowed demand but the downturn in euro zone business activity ebbed slightly as the world braces for a recession-hit year ahead, surveys showed on Wednesday. S&P Global said its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, fell to 46.3 this month from a final reading of ... Read More

New MD for Germany’s VDMA’s Textile Machinery Association

Dr. Harald Weber will become the new managing director of the VDMA Textile Machinery Association on 1 January 2023. The 44-year-old industrial engineer succeeds Thomas Waldmann, who has held the position since 1991 and will retire at the end of the year. After completing his doctorate at the Technical University of Darmstadt and working as a lecturer at the University of Applied Sciences Mittelhessen (THM), Dr. W... Read More

Australian wool key test data from AWTA (October 2022)

The monthly comparisons of Total Lots, Bales and Weight tested for October 2022 compared with the same period last season are: -3.0%, +0.6% and +1.1% respectively. The progressive comparison of Total Lots, Bales and Weight tested for July 2022 to October 2022 compared with the same period last season are:-0.6%, +0.2% and +0.5% respectively. AWTA Ltd has tested 105.0 mkg (million kilograms) this season compared... Read More

Gucci’s creative director Michele to step down

Creative director Alessandro Michele is leaving French luxury goods company Kering’s star label Gucci after seven years. “I am grateful to Alessandro for bringing so much of himself in this adventure,” said François-Henri Pinault, chairman and CEO of Kering in a statement, referring to the designer’s tenure as “an outstanding moment” in the label’s history. The designer’s departure, which was first reported by Wo... Read More