Global garment industry news Wool

Vietnam no saviour for wool industry

GMT 19:07 2015 Saturday ,14 March

Sriyadithatextile - Vietnam no saviour for wool industry

Vietnam on its own won't become an alternative to China's wool supply chain

THE current push to develop Vietnam as a major new global wool processor won't have much impact on Australia's current heavy reliance on Chinese mills.

That was the message given to last week's wool and sheepmeat session at the Outlook conference in Canberra by Jimmy Jackson, Australian Wool Innovation's (AWI) general manager for product development and commercialisation.

He said "five or 10" Vietnams would be needed to replace China's almost total domination of the Australian wool clip.

China now buys about 80 per cent of Australia's annual wool production which has created nervousness among both producers and the AWI that too many of our eggs are in the one basket.

Largely in response to those fears, AWI launched its Out of Vietnam project in June 2012, to develop a new cheap processor of wool.

Mr Jackson said 53 manufacturing partners were now on board in Vietnam, many more than the original target of 12.

About 20 of them were now "up to speed" with all the modern technicalities and technologies needed to manufacture high-quality apparel from Australian wool.

But Mr Jackson said despite this success, Vietnam on its own wouldn't become an alternative to China's wool supply chain where growing wage rises were driving up production costs.

"China is no longer a cheap processor of wool," Mr Jackson said.

In fact, the price of Italian woollen yarn was now on a par with Chinese product, he said.

That statement prompted veteran NSW farm consultant and Merino breeder, Graham Peart, to ask Mr Jackson why moves weren't under way to revive Italy's once renowned wool processing sector.

Mr Jackson said much of Italy's wool processing equipment had been sold to overseas buyers, skilled workers had been lost from the industry and the former centres of its wool textile industry, such as Biella in the country's north, were now "dead towns".

Although unemployment was high in countries like Spain, Mr Jackson said wool processing shifted to the cheapest processor, which for Europe was Bulgaria and Romania.

On a positive note, Mr Jackson said rising incomes in China would boost demand for luxury items such as premium-quality woollen garments.

Global Textile News

CAI maintains 2018-19 cotton

Estimate at 315 lakh bales

The Cotton Association of India (CAI) has retained its May estimate of the cotton crop for 2018-19 season that began on October 1, 2018, at 315…Read more

FESPA 2017 (German) press release

Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017

Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017   TXF printer offers speeds of up to 24 sq.…Read more

Vietnam National Textile and Garment Group

City to host textile industry expo

HCM CITY — The Vietnam Saigon Textile and Garment Industry/Fabric and Garment Accessories Expo (Saigon Tex 2017) that will showcase high-end machinery and equipment and…Read more

Deshpande urges PM

To slash GST rates

Revenue minister RV Deshpande on Sunday urged Prime Minister Narendra Modi to respond to the slowing economy by slashing goods and services tax (GST) rates,…Read more


Smriti Irani’s cotton campaign trends on Twitter

A year after the hashtag 'IWearHandloom' trended on Twitter, Union Textile minister Smriti irani is back at it. On Tuesday, she tweeted a selfie in a cotton…Read more

Revenue and its forecasts

Global Textile Dyes market 2017

Textile Dyes Market analyzed the Industry region, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc. In the…Read more

 العرب اليوم -