Explanation:

Australia is the highest wool producing country in the world. It is responsible for the production of 25% of the world’s wool. According to the Department of Agriculture and Water Resources in Australia, the amount of wool produced in Australia in the year 2015-2016 was worth approximately $3 billion. The highest production in Australia is brought in by two states: New South Wales and Victoria. Australia’s high wool production is related to the high number of sheep bred. Additionally, Australia is also among the largest suppliers of wool used for apparel in the world. Therefore, the nation strives to meet its worldwide demand as much as it possibly can. Hence option 2nd is correct.