Industry Report - Industry Analysis Chapter
The Wool Wholesaling industry has performed strongly over the past five years. External factors, such as global demand, wool and lamb prices, and the volume of domestic wool production have largely determined the industry’s fortunes. The relationship between wool and lamb prices typically dictates wool production, with farmers often switching between wool and lamb production to benefit from the highest prices or to minimise production costs. This, in turn, influences the volume of wool supplies available to wholesalers, creating movements in revenue. Industry revenue is expected to rise at an annualised 7.0% over the five years through 2018-19, to reach $3.7 billion. Thi...purchase to read more.
Additional Insights for the
Wool Wholesaling
Industry
IBISWorld has determined the most important Key Success Factors for the Wool Wholesaling are:
Output is sold under contract - incorporate long-term sales contracts Having contacts within key markets Ability to effectively manage risk
IBISWorld analysts also discuss how external factors such as Wool production and Domestic price of lamb in the Wool Wholesaling industry impact industry performance..
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