Knitted Sneakers Are Helping Kick Wool Higher

What is the main factor driving the recent increase in wool prices?

• New uses of wool in sneakers

• Increased wool production

• Government subsidies

• Decrease in wool demand

Which companies are contributing to the new market for wool?

• Converse and Vans

• New Balance and Skechers

• Nike, Adidas, and Puma

• Reebok and Under Armour

How has Australian wool production changed over the past 20 years?

• It has halved

• It has remained the same

• It has tripled

• It has doubled

What percentage of the world's wool used in apparel is supplied by Australia?

• 10%

• 50%

• 70%

• 20% + 90%

How might the rising wool prices affect the cost of sneakers?

• Sneakers will be discontinued

• Sneakers will remain the same price

• Sneakers will become slightly more expensive

• Sneakers will become significantly cheaper