Management features: The world Angora fibre market and production

Angora rabbit fiber is a keratinous textile fiber accepted as the finest of all animal fibers. Its main products are mostly dependent on fashion trends as well as consumer retail spending in industrialized countries. The main market segments are the Elite market, and the Fashion and Non-fashion markets. Among these three market segments, the most consistent is the Elite market. In the Fashion Market, the demand for Angora wool is a direct function of fashion trends that are generally unstable. The Non-fasion market, a very small market niche, includes healthcare usage and felted products. At present, China remains the major supplier of Angora fiber. Alone, the country contributes to almost 95% of the global production. Just like Chile, the second largest supplier, China exports raw fibers to processor countries in Europe, Japan, and Korea. France and India also contribute minor production, although the former has ceased production due to low demand worldwide. Turkey is a new entrant in the sector, with production ongoing for only seven years now. In general, despite the fall in unit price and world raw Angola wool production in the past three years, further growth of the world market for this material is still possible.