Report Update: Apr 1, 2024

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

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Wool Market

Wool market: enjoy the latest info secured by an Ai-driven business intelligence platform. Datasets contain companies, exports, imports, trade, consumption, market prices, production, and market size. There is a split by region, including Latin America, Africa, the Middle East, EU, Russia, China, the U.K., and the U.S. Market dynamics and outlook to 2030 are also provided in the reports.

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Wool - World's Largest Markets

Rating	Country
1	China
2	United States
3	Brazil
4	Pakistan
5	India

In value terms, China, the United States and Brazil constituted the countries with the highest levels of market value in 2020, together accounting for 36% of the global market. These countries were followed by Pakistan, India, Russia, Germany, Italy, the UK and Iran, which together accounted for a further 21%.

Among the main consuming countries, the UK recorded the highest growth rate of market size, over the period under review, while wool market for the other global leaders experienced a decline in the market figures.

Wool Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Syrian Arab Republic	835	751	813	-1.3%
Kazakhstan	1172	1255	1210	1.6%
Turkey	2545	1827	1339	-27.5%
New Zealand	2987	2805	2325	-11.8%
United Kingdom	2629	2564	2371	-5.0%
Belgium	3986	3719	3905	-1.0%
China	4118	4226	4193	0.9%
Uruguay	6212	6199	6124	-0.7%
Australia	12283	8596	7115	-23.9%
Average	3594	3279	2714	-13.1%

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($7,115 per ton), while Syrian Arab Republic ($813 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Kazakhstan, while the other global leaders experienced mixed trends in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Malaysia	10381	10792	11224	4.0%
South Korea	12296	11184	8903	-14.9%
Italy	5304	5194	4369	-9.2%
Germany	3888	4135	3612	-3.6%
United Kingdom	2540	2542	2955	7.9%
Lithuania	3408	3268	2777	-9.7%
China	2620	2474	2568	-1.0%
Nepal	2847	2644	2138	-13.3%
India	2135	2042	1269	-22.9%
Russia	765	879	830	4.2%
Average	3356	3340	2909	-6.9%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Malaysia ($11,224 per ton), while Russia ($830 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced more modest paces of growth.

Wool - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
China	279	162	212	-13.0%
India	101	69	56	-25.4%
South Korea	103	77	44	-34.4%
Malaysia	31	35	40	12.9%
Italy	64	48	30	-31.6%

In value terms, China ($212M) constitutes the largest market for imported wool worldwide, comprising 34% of global imports. The second position in the ranking was occupied by India ($56M), with a 9.1% share of global imports. It was followed by South Korea, with a 7.2% share.

In China, wool imports plunged by an average annual rate of -13.0% over the period from 2018-2020. In the other countries, the average annual rates were as follows: India (-25.4% per year) and South Korea (-34.4% per year).

Wool - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
New Zealand	202	188	139	-17.0%
Australia	265	169	89	-41.9%
China	38	32	35	-4.1%
United Kingdom	59	48	34	-23.7%
Uruguay	61	48	22	-39.2%

In value terms, the largest wool supplying countries worldwide were New Zealand ($139M), Australia ($89M) and China ($35M), together accounting for 57% of global exports. The UK, Uruguay, Belgium, Turkey, Kazakhstan and Syrian Arab Republic lagged somewhat behind, together comprising a further 23%.

Belgium (+56.2% per year) recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Wool - Market Forecast

Driven by rising demand for wool worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Wool - Top Companies

Beijing Jing-Ao Wool Co., Ltd., Yingde Jiaxing Shoe Materials Co., Ltd., TORAY INDUSTRIES,INC., INDORAMA VENTURES PUBLIC COMPANY LIMITED, Shandong Weiqiao Pioneering Group Co., Ltd., Maoming Lvyuan Food Co., Ltd., Shandong Ruyi Technology Group Co., Ltd., JIANGSU GUO TAI INTERNATIONAL GROUP GUO MAO CO., LTD., KOLON INDUSTRIES, INC., WEIQIAO TEXTILE CO., LTD., FUTURIS AUSTRALIA PTY LIMITED, Huafu Fashion Co., Ltd., Shanghai Shenda Co., Ltd., SOCIETE SOFRIP DE RECYCLAGE DE TEXTILE, Parkdale, Incorporated, ALOK INDUSTRIES LIMITED, UNITIKA LTD., HUVIS Corporation, SHINKONG SYNTHETIC FIBERS CORP., PHILIP MORRIS MANUFACTURING & TECHNOLOGY BOLOGNA S.P.A

Wool - Product Coverage

HS 510121 - Wool; (not carded or combed), degreased, (not carbonised), shorn
HS 510129 - Wool; (not carded or combed), degreased, (not carbonised), (other than shorn)
HS 510130 - Wool; (not carded or combed), carbonised

Source: IndexBox Market Intelligence Platform

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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
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