In the first half of 2019, the overall growth rate of the wool textile industry slowed down, and business operations were under pressure.

In the second quarter of 2019, the wool textile industry was affected by the economic and macroeconomic situation at home and abroad. The overall operation was still in the adjustment range. The overall efficiency of the industry slowed down and the business pressure was relatively high.

【Production status】

In the first half of this year, the output of wool yarns fell by 10.4% year-on-year, and the rate of decline was 9 percentage points higher than that of the previous year. The rate of decline further accelerated. The output of wool fabrics increased by 11.82% year-on-year, and the growth rate rebounded by 29.2 percentage points from the previous year. The first growth and rapid growth since the decline.

[Export situation]

In the first half of 2019, the total export volume of wool textile raw materials and products fell by 5.3% year-on-year, and the export volume of various major wool products generally declined.

The main export markets for wool raw materials and products are still highly concentrated, and the top five countries and regions with export value account for 71% of the total export value.

However, the export situation of the top five countries and regions is not the same. The export value of wool exports to the EU continues to decline rapidly, with a drop of 9.43%. The ASEAN region has become the second largest export region for wool products. Exports continue. Maintain rapid expansion, an increase of 11.8%.

The export of woolen products to the United States has not shown a trade war. The export value in the first half of the year showed a growth rate of 4% year-on-year. The export growth was mainly due to the export growth rate contributed by clothing and indoor products.

These products are the main category for US wool products and have not been included in the list of tariffs. Other intermediate wool products affected by tariff increases have seen a rapid decline in exports, but due to the small number, they have little impact on overall exports.

Both Japan and Hong Kong's export markets showed a decline. In the first half of the year, the export value fell by 3.2% and 12.7%.

[Import of wool raw materials]

In the first half of this year, the total import value of wool raw materials and products fell by 12.2% year-on-year. Among them, the cumulative import volume of wool raw materials was 166,000 tons, down 18% year-on-year; the cumulative import value was US$1.53 billion, down 15.3% year-on-year; the average import price was US$9.3/kg, up 3.2% year-on-year.

The number of wool imported by several major importing countries declined in the first half of the year. Except for New Zealand wool imports, the imports of Australian, Uruguay and British wool fell by 13.3%, 2.2% and 13% respectively. South Africa was affected by the epidemic, and imports fell by 54.6%.