India: Woolen Yarn Market 2025

Woolen Yarn Market Size in India

In 2021, the Indian woolen yarn market decreased by -9.9% to $X for the first time since 2013, thus ending a seven-year rising trend. In general, consumption, however, continues to indicate a buoyant expansion. Woolen yarn consumption peaked at $X in 2020, and then fell in the following year.

Woolen Yarn Production in India

In value terms, woolen yarn production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 57%. Woolen yarn production peaked at $X in 2020, and then fell in the following year.

Woolen Yarn Exports

Exports from India

In 2021, approx. X tons of yarn of wool were exported from India; increasing by 15% compared with the previous year. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 19%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, woolen yarn exports expanded remarkably to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 25% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), South Korea (X tons) and Italy (X tons) were the main destinations of woolen yarn exports from India, together comprising 56% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +27.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woolen yarn exported from India were the UK ($X), South Korea ($X) and Italy ($X), with a combined 54% share of total exports.

South Korea, with a CAGR of +24.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average woolen yarn export price stood at $X per ton in 2021, with a decrease of -2.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 14% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into India

In 2021, approx. X tons of yarn of wool were imported into India; with a decrease of -16% on the year before. In general, imports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 105%. As a result, imports reached the peak of X tons, and then reduced notably in the following year.

In value terms, woolen yarn imports expanded remarkably to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 48% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Afghanistan (X tons) constituted the largest woolen yarn supplier to India, with a 37% share of total imports. Moreover, woolen yarn imports from Afghanistan exceeded the figures recorded by the second-largest supplier, Iran (X tons), twofold. China (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Afghanistan stood at +43.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+37.8% per year) and China (+2.0% per year).

In value terms, China ($X), Italy ($X) and Afghanistan ($X) were the largest woolen yarn suppliers to India, together accounting for 75% of total imports. The UK, Iran, Germany and Egypt lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Egypt, with a CAGR of +59.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average woolen yarn import price stood at $X per ton in 2021, rising by 27% against the previous year. Over the period under review, the import price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2019 an increase of 43%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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