According to the latest industry data, domestic Wool The export performance of the wool textile industry is outstanding, with the cumulative export volume reaching US$1.77 billion, a year-on-year increase of 18.9%. The export volume of core products such as wool yarn, woolen sweaters, and wool strips has maintained a growth rate of 28%-44%, and the industry's export momentum is strong. At the same time, the global market structure has shown obvious differentiation, emerging markets continue to explode, and the EU market has further strengthened certification barriers, creating a development environment for wool textile companies with both opportunities and challenges.
In terms of emerging market layout, orders from Russia, the Middle East, and Central Asia increased by 45% year-on-year, becoming a new growth pole for wool textile exports; what is more noteworthy is that from May 1, China will implement a 100% zero-tariff policy for 53 African countries. All categories of wool and sweaters are covered by the policy, which has lowered the cost threshold for domestic wool textile companies to explore the African market. Faced with this major policy dividend, Lixian Oumu Woolen Textile Co., Ltd. has already made plans in advance and established a professional overseas market research and product research and development team to develop affordable wool, basic sweaters and other products that meet the needs of the African market. It will simultaneously connect cross-border e-commerce platforms and overseas local channels. It is expected that after the policy is implemented, the cost of enterprises exporting to Africa will be reduced by 15%-25%, further enhancing product market competitiveness. Wool wholesale lost orders and steadily consolidated EU market share. In addition, facing the raw material market situation of high wool prices and rising cotton prices, Lixian Oumu Woolen Textile Co., Ltd. has established long-term and stable raw material procurement channels, optimized production processes and reduced raw material losses to effectively hedge the impact of raw material price fluctuations and ensure the stability of the company's production and operations.