supply driven overproduction

Bigger goat herds have led to surging exports of cashmere fiber to Europe, and surging exports of finished cashmere garments, mainly from Italy, to the rest of the world. Italian cashmere garment exports rose to €305 million ($342.6 million) in 2018 from €171 mil­ lion in 2008, representing about 4% of total Italian gar­ ment exports.

supply driven overproduction Higher production levels of cashmere are driven by increased supply of raw cashmere