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Report World - Wool - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Wool - Market Analysis, Forecast, Size, Trends and Insights

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Global Wool Market 2024

Wool Market Size

In 2022, the global wool market increased by 1.5% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption showed a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 9.3%. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wool Production

In value terms, wool production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 9.3% against the previous year. Global production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Wool Exports

Exports

In 2022, shipments abroad of wool increased by 7.6% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. Over the period under review, the global exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wool exports expanded notably to $X in 2022. Overall, exports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 when exports increased by 24%. Over the period under review, the global exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand was the major exporting country with an export of around X tons, which amounted to 46% of total exports. The UK (X tons) took an 8.4% share (based on physical terms) of total exports, which put it in second place, followed by Australia (7.9%), Turkey (6%) and Syrian Arab Republic (5%). China (X tons), Belarus (X tons), Russia (X tons), Germany (X tons), Uruguay (X tons) and Belgium (X tons) held a minor share of total exports.

New Zealand experienced a relatively flat trend pattern with regard to volume of exports of wool. At the same time, Syrian Arab Republic (+20.5%), Russia (+10.4%), Belarus (+9.3%), the UK (+7.2%) and Turkey (+2.6%) displayed positive paces of growth. Moreover, Syrian Arab Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.5% from 2012-2022. Belgium and Germany experienced a relatively flat trend pattern. By contrast, Uruguay (-3.3%), Australia (-4.4%) and China (-8.9%) illustrated a downward trend over the same period. Syrian Arab Republic (+4.2 p.p.), the UK (+4.1 p.p.) and New Zealand (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while China and Australia saw its share reduced by -4.6% and -4.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wool supplying countries worldwide were New Zealand ($X), Australia ($X) and the UK ($X), together comprising 72% of global exports. China, Uruguay, Turkey, Germany, Belgium, Belarus, Syrian Arab Republic and Russia lagged somewhat behind, together comprising a further 20%.

Syrian Arab Republic, with a CAGR of +18.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wool export price stood at $X per ton in 2022, surging by 1.6% against the previous year. Overall, the export price, however, saw a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of 5.6% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.9%), while the other global leaders experienced a decline in the export price figures.

Wool Imports

Imports

In 2022, approx. X tons of wool were imported worldwide; stabilizing at the previous year. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. Global imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, wool imports reached $X in 2022. Overall, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and India (X tons) represented the largest importers of wool in 2022, finishing at near 29% and 22% of total imports, respectively. The UK (X tons) took the next position in the ranking, followed by Italy (X tons) and Lithuania (X tons). All these countries together held near 18% share of total imports. Germany (X tons), South Korea (X tons), Russia (X tons), Portugal (X tons), Malaysia (X tons), Thailand (X tons) and Japan (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +17.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest wool importing markets worldwide were China ($X), India ($X) and Italy ($X), together accounting for 39% of global imports. South Korea, Malaysia, the UK, Thailand, Lithuania, Germany, Japan, Portugal and Russia lagged somewhat behind, together accounting for a further 41%.

Thailand, with a CAGR of +26.0%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average wool import price stood at $X per ton in 2022, picking up by 4% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of wool consumption in 2020 were China, the United States and India, together comprising 35% of global consumption. These countries were followed by Russia, Brazil, the UK, Pakistan, Germany, Kazakhstan, Italy, Iran, Australia and Egypt, which together accounted for a further 28%.
The countries with the highest volumes of wool production in 2020 were China, the United States and New Zealand, together accounting for 34% of global production. Russia, Brazil, the UK, Pakistan, Australia, Germany, Kazakhstan, Syrian Arab Republic, Turkey and Iran lagged somewhat behind, together comprising a further 30%.
In value terms, New Zealand, Australia and the UK appeared to be the countries with the highest levels of exports in 2020, with a combined 61% share of global exports. China, Uruguay, Hong Kong SAR, Belgium, Turkey, Syrian Arab Republic and Turkmenistan lagged somewhat behind, together accounting for a further 23%.
In value terms, China, India and South Korea appeared to be the countries with the highest levels of imports in 2020, together accounting for 36% of global imports. These countries were followed by Malaysia, the UK, Italy, Lithuania, Germany, Japan, Nepal and Russia, which together accounted for a further 37%.
The average wool export price stood at $2,853 per ton in 2020, dropping by -13.3% against the previous year.
The average wool import price stood at $2,834 per ton in 2020, shrinking by -15.3% against the previous year.

This report provides an in-depth analysis of the global wool market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 13102200 - Wool, degreased or carbonised, not carded or combed

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Natural Fiber Welding, Inc., Allbirds, Camira Fabrics Limited, Wool Warehouse, Woola, WE ARE KNITTERS, Woolloomooloo Shoe, Woolcool, KNAUF INSULATION LIMITED, The North Face, Tanvas, Toyobo, Passoni, Taft, SAINT-GOBAIN FINLAND OY, Eden Renewable Innovations, COOL WOOL EHF, H. DAWSON SONS AND, MoistTech Corporation, Wool Overs

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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