Sheepish: Industry revenue has been volatile due to variations in the domestic price of wool

The Wool Wholesaling industry is subject to significant revenue volatility. Despite wool exports being accounted for at the farming and processing levels, a notable portion of the wool wholesaled by the industry is destined for export markets. As a result, fluctuations in global wool supply, demand and prices affect the volume and domestic prices for wool, which influences industry revenue. The domestic price of wool has displayed volatility over the past five years, creating challenges for industry wholesalers. Additionally, the volume of wool produced domestically has declined, limiting the ability of wholesalers to maintain sufficient economies of scale. Despite significant volatility stemming from these factors, the industry has performed strongly overall...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
3.6%
Forecast Growth 18-23
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Profit
x.x%lock
Employment
369
Businesses
82
Market Share of Companies

Industry Threats & Opportunities

  • The industry has faced volatility stemming from its exposure to global wool markets
  • Overseas demand from key New Zealand wool markets has fluctuated, limiting industry growth
  • Innovation to incorporate wool into clothing products will support downstream demand

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    Industry Report - Industry Analysis Chapter

    The Wool Wholesaling industry has displayed significant volatility over the past five years. Although wool exports are accounted for at the sheep farming and wool scouring levels, a significant portion of the wool volumes wholesaled by the industry are destined for export markets. As a result, the industry is highly exposed to conditions in global wool markets, including global production, prices and demand. This exposure results in global demand affecting the domestic prices received for wholesaled wool, which has primarily caused the industry’s volatility over the past five years. Despite significant fluctuations each year, the industry has grown overall over the period. Industry revenue is expected to rise at an annualised 3.6% over the five years through 2017-18, to reach $1.2 bi...purchase to read more.

    Additional Insights for the Wool Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wool Wholesaling Industry are

  • Output is sold under contract - incorporate long-term sales contracts
  • Having links with suppliers
  • Having a good technical knowledge of the product

    • IBISWorld analysts also discuss how external factors such as Domestic price of wool and Demand from wool scouring in the Wool Wholesaling industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Wool Wholesaling in New Zealand Industry?

    Operators in the industry primarily wholesale wool.

    Industry Products
  • Greasy wool
  • Scoured strong wool
  • Other scoured wool
    • Industry Activities
  • Wool wholesaling
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Domestic price of wool
  • Demand from wool scouring
  • Domestic price of sheep meat
  • Wool production

    • Current Performance
  • Overseas demand
  • Domestic sales
  • Participation

    and profit

  • Chart: Revenue Growth

    • Industry Outlook
  • Domestic wool production
  • Downstream innovation
  • Participation

    and profit

  • Table: Wool Wholesaling Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wool Wholesaling Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Wool Wholesaling in New Zealand

    • Key Selling Industries
  • Sheep Farming in New Zealand
  • Sheep-Beef Cattle Farming in New Zealand
  • Wool Scouring in New Zealand
  • Wool Wholesaling in New Zealand

    • Products & Services
  • Other scoured wool
  • Greasy wool
  • Scoured strong wool
  • Chart: Wool Wholesaling Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Apparel manufacturers
  • Carpet manufacturers
  • Other markets
  • Chart: Major Market Segmentation for the Wool Wholesaling Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Wool Wholesaling

    • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wool Wholesaling Industry

    • Industry Globalization

    Major Companies

    New Zealand Wool Services International Limited, New Zealand Merino Company Limited,
  • Table: New Zealand Wool Services International Limited - financial performance
  • Table: New Zealand Merino Company Limited - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Wool Wholesaling Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Wool Wholesaling Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Greasy Wool
  • Wool shorn from a sheep that has yet to undergo processing, containing grease and other contaminants.
    • Micron
  • A unit used to measure length. For wool, it is used to measure the diameter of wool fibres, with a finer, lower micron wool considered to be of higher quality.
    • Wool Scouring
  • The process by which wool fibres are separated from grease through carbonisation, carding and combing.
    • What Our Customers Say
    Why buy this report?

    The Wool Wholesaling in New Zealand market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wool Wholesaling in New Zealand:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wool Wholesaling in New Zealand market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wool Wholesaling in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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