China's Raw Wool and Top Imports Drop

February 29, 2007 - China Customs Statistics show China's raw wool and top imports in November 2007 were down year-on-year for the fourth consecutive month.

In the past four months, successive drops have been seen; however, China's wool imports in the period from January to November 2007 were still higher compared with the comparable period in 2006.

The year-on-year decline in November is consistent with the downward trend in place since August 2007. Greasy wool imports from Australia, which accounted for all but 6 percent of total wool imports into China in November, fell solidly year-on-year.

Imports of carbonized wool and tops also dropped compared to last year. In contrast, imports of scoured wool lifted massively year-on-year, but from a low base.

New Zealand and Uruguayan wool import volumes into China reported mixed results. Imports from New Zealand lifted by year-on-year after three months of declines, while wool imported from Uruguay declined solidly.
Reprinted from fibre2fashion.com

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