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Title: Upward trend predicted for world wool consumption
Authors: Au, KF
Wong, C
Issue Date: 2006
Source: ATA journal, 2006, v. 17, no. 2, p. 46-48 How to cite?
Journal: ATA Journal 
Abstract: The global wool market has stabilized in recent years after a significant drop in the 1990s and showing encouraging signs of increased demand for wool fibers. The international market is expected to benefit from current fashion trends and the high oil prices, which increase the price competitiveness of wool as compared to synthetics. Current fashion trends for worsted suits, soft and light tweeds, coupled with the increasing demand for blends with other synthetic fibers favor a greater demand for wool globally. The future prospect of the world wool market is heavily relied on China, the largest raw-wool importer and finished wool apparel exporter. China having an improved economy and impetus on the persistent growth of wool fiber consumption is playing a vital role in determining the fiber consumption in the global wool market. Moreover, currency revaluation also plays a major role in determining the future of the world wool market.
ISSN: 1015-8138
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