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Hungarian wool industry going strong in Europe

Hungarian wool is exported across Europe, Japan, India, Turkey, Egypt, and the largest volume goes to China. One of the largest exporters of Hungarian wool is certain that Hungary is a good place to invest. Hungarowool was established in 1997 and János Vass, has been working in the local wool industry for over 30 years. He says‘ Hungary is ripe for such investment since it has the space, expertise, workforce and and wool!’ Wool processing is returning to Europe with costs rising in China making processing in Europe a more attractive cost effective option, particularly for companies in Europe. BREXIT and uncertainty created by Trump will further boost the industry with processing chains within Europe offering greater certainty and stability. Also, the Hungarian government’s support for the wool industry is strong. János Vass says that the characteristics of Hungarian merino wool can be verified by testing. ‘At Hungarowool WTAE testing certification’ He further added they can offer wools ranging from 23-24.5 micron. Although merino wool has a lower yield than other merino type wools, due to the farming circumstances the lanolin content is higher, as is its higher tensile strength which is an advantage during processing’, The company strongly believes in the Campaign for Wool. It is working to produce finer wool and better develop the Hungarian wool industrial development.’