Industry Report - Industry Locations Chapter
The spread of businesses operating in the industry is mainly concentrated in New South Wales and Victoria, which cumulatively make up more than 65% of industry enterprises. Wool brokers tend to be located near major wool growing regions and wool selling centres. Auctions are held in Sydney; Newcastle, NSW; Melbourne; Fremantle, WA; and Launceston, TAS. The number of wool-selling centres has been reduced to less than half the number that existed in the mid-1980s. This has been in part a cost-cutting exercise, but it has been facilitated by new technology allowing electronic trading.The nature of the wholesale function means industry enterprises attempt to be near major production centres, though it is not essential to the conducting of business. As ...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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