Wool traded flat at 1,221 AUD/100Kg on July 18, 2025. Over the past month, Wool's price has risen 1.16%, and is up 10.30% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wool - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Global price of Wool, Fine (PWOOLFUSDM) from Jan 1990 to Jun 2025 about wool, World, and price.

The global Merino wool market is experiencing robust growth, driven by increasing demand for sustainable and high-quality natural fibers. The market size in 2025 is estimated at $2.5 billion, projecting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors. The rising popularity of Merino wool in apparel, particularly in high-performance sportswear and luxury garments, is a significant driver. The superior comfort, breathability, and moisture-wicking properties of Merino wool make it highly sought after by consumers. Furthermore, the growing awareness of the environmental benefits of sustainable and ethically sourced materials is boosting demand for this natural fiber. Increased investment in research and development to improve processing techniques and create innovative Merino wool products further contributes to market expansion. The home textile segment is also witnessing substantial growth, as consumers increasingly prefer the softness, warmth, and durability of Merino wool blankets, rugs, and other home furnishings. However, the market faces certain challenges. Fluctuations in raw material prices, coupled with the impact of climate change on sheep farming and wool production, pose potential restraints. Competition from synthetic alternatives and the high cost of Merino wool compared to other fibers can also limit market penetration, particularly in price-sensitive segments. To mitigate these challenges, market players are focusing on developing innovative production methods, optimizing supply chains, and promoting the unique value proposition of Merino wool to enhance its market competitiveness. The segmentation of the market into Worsted and Woollen types, coupled with the applications across apparel, home textiles, and other segments, presents numerous opportunities for growth and diversification within the industry. Geographical expansion, particularly in emerging markets with rising disposable incomes and a growing preference for premium materials, is also a significant area of focus for businesses operating in the Merino wool market. This report provides a detailed analysis of the global merino wool market, valued at approximately $2 billion in 2023, projected to reach $2.5 billion by 2028. It explores market dynamics, key players, and future trends, offering valuable insights for businesses operating in or considering entering this lucrative sector. This report utilizes data from reputable market research firms and industry publications, providing a robust and reliable analysis of the merino wool market.

Wool Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

Graph and download economic data for Global price of Wool, Coarse (PWOOLCUSDM) from Jan 1990 to Jun 2025 about wool, World, and price.

In the financial year 2024, the price index of wool in Australia was estimated to be ****. The source predicted that the price index of wool in the fiscal year 2025 would decrease to **** points.

Sheep statistics, quantity of raw wool purchased, used on farms, price and farm value, annual, Canada and provinces (kilograms unless otherwise noted). Data are available on an annual basis.

Wool Price in Ireland - 2023. Find the latest marketing data on the IndexBox platform.

Within the given period, the average price per kilogram of wool in Eastern Australia was at its highest in 2019 at ***** Australian dollars per kilogram. In 2023 and 2024, average wool prices trended downwards in Eastern Australia, sinking to **** Australian dollars per kilogram in 2024.

The Wholesale Price Index of woolen yarn across India during financial year 2024 was almost 118. The price index of yarn increased by about 16 percent from the base financial year of 2012. An overall increase in the price was seen from the financial year 2013 in the country.

In June 2022, the wool price per tonamounted to $5,184 per ton, with a decrease of -12.7% against the previous month.

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Wool Market Size 2025-2029

The wool market size is forecast to increase by USD 14.9 billion at a CAGR of 6.4% between 2024 and 2029.

The market is experiencing significant growth, driven by increasing exports from emerging economies, particularly China and India. These countries have become major players in the production and export of wool, contributing to the market's expansion. However, this trend also presents challenges, as limited access to raw materials in some regions may lead to price volatility and supply chain disruptions. Wool producers are focusing on improving sheep rearing practices and exploring new applications for wool, such as keratin fibers, to remain competitive. Consumers, particularly millennials, are increasingly drawn to the natural, biodegradable properties of wool, which offer superior insulation and durability.
This trend is particularly strong in the apparel industry, where wool is increasingly being used in the production of high-performance clothing for outdoor activities and everyday wear. Despite these opportunities, companies operating in the market face significant challenges. Limited access to raw materials, particularly in some regions, can make it difficult to maintain consistent supply and meet demand. Additionally, the market is highly competitive, with a large number of players vying for market share. To succeed in this environment, companies must focus on innovation, sustainability, and operational efficiency, while also building strong relationships with suppliers and customers. By staying agile and responsive to changing market dynamics, they can capitalize on emerging opportunities and navigate challenges effectively.

What will be the Size of the Wool Market during the forecast period?

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The market encompasses a diverse range of natural fibers, including Merino, crossbred, specialty wools from Teeswater, Shetland, Peruvian, and Cashmere breeds, among others. This market exhibits significant activity, driven by the cultural significance of wool as a sustainable fiber and its versatility in various applications. Woolen yarns and clothes, as well as accessories, continue to be popular choices for consumers, particularly millennials drawn to fiber's quality and natural origins. Wool's unique properties, such as its biodegradability, insulation capabilities, and resistance to wrinkles, make it a sought-after alternative to synthetic fibers. Wool farming practices, which include rearing sheep and processing keratin fibers, have evolved to meet modern sustainability standards.
Wool is also used extensively in industries like upholstery, insulation, and carpets, and holds a rich history in literature, art, and fashion. Certifications, spinning tools, and wool types catering to various industries and consumer preferences further fuel the market's growth. Wool's versatility and appeal are reflected in its use in clothing sales, advertising, and television, as well as in crafts and woolen accessories. With ongoing advancements in wool production and processing technologies, this market is expected to remain a dynamic and essential sector in the textile industry.

How is this Wool Industry segmented?

The wool industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Apparels
  Interior textiles


Source

  Merino wool
  Teeswater wool
  Cashmere wool
  Others


Type

  Fine wool
  Medium wool
  Coarse wool


Form Factor

  Scoured wool
  Raw wool
  Washed wool
  Carbonized wool


Geography

  APAC

    Australia
    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK


  North America

    US
    Canada


  South America

    Brazil


  Middle East and Africa

By Application Insights

The apparels segment is estimated to witness significant growth during the forecast period. The market holds a prominent role in the textile industry, serving various sectors including fashion, home furnishings, and sports apparel. Wool, derived from the Ovis genus, is a highly valued natural fiber due to its inherent properties of durability, breathability, and thermal insulation. Merino wool, a fine and soft variety, is popular for its superior comfort and flexibility. Crossbred wool, a blend of Merino and other breeds, offers enhanced strength and resistance to pilling. Synthetic alternatives have emerged, but wool's sustainable, biodegradable, and compostable qualities continue to attract consumers. Wool producers in Australia, New Zealand, and Peru are significant contributors to the global supply.

Worsted processing enhances the wool's texture and appearance, while weaving tools like the Proxima Smartconer improve production efficiency. Wool's benefits e

Graph and download economic data for Global price of Wool, Coarse (PWOOLCUSDQ) from Q1 1990 to Q1 2025 about wool, World, and price.

Wool Price in Argentina - 2023. Find the latest marketing data on the IndexBox platform.

The Wool Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

Value represents the benchmark prices which are representative of the global market. They are determined by the largest exporter of a given commodity. Prices are period averages in nominal U.S. dollars.

Copyright © 2016, International Monetary Fund. Reprinted with permission. Complete terms of use and contact details are available at http://www.imf.org/external/terms.htm.

According to Cognitive Market Research, the global Pure Wool market size will be USD 28614.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 11445.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8584.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 6581.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1430.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 572.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The woven application is the dominant segment due to its extensive use in textiles like clothing, upholstery, and carpets

Market Dynamics of Pure Wool Market

Key Drivers for Pure Wool Market

Increasing Demand for Sustainable and Eco-friendly Textiles to Boost Market Growth

As consumers become more environmentally conscious, there is a growing preference for sustainable materials, including pure wool. Wool is biodegradable, renewable, and requires fewer resources to produce compared to synthetic alternatives. This increasing demand for eco-friendly products is driving the market for pure wool, particularly in sectors like fashion, home textiles, and interior design. Consumers are seeking products that align with their environmental values, thus elevating the demand for wool-based goods and pushing companies to innovate sustainable wool offerings. For instance, in November 2022, Savio announced the launch of a new automatic winding machine, Proxima Smartconer, in the Indian market. Such innovations are projected to increase productivity

(Source:https://saviospa.com/en/machines/proxima-smartconer-r)

Rising Popularity of Premium and Luxury Wool Products to Drive Market Growth

There is a notable rise in the consumption of premium and luxury wool products, particularly in fashion and high-end home furnishings. Pure wool, known for its softness, durability, and breathability, is increasingly preferred for high-quality garments, such as suits, sweaters, and blankets. Additionally, the growing demand for wool in the automotive and interior design sectors, where it is used for upholstery and high-end textiles, further strengthens the market. This trend is not only expanding wool’s market reach but also increasing its perceived value as a luxury material.

Restraint Factor for the Pure Wool Market

High Production and Processing Costs, will Limit Market Growth

The production of pure wool involves significant costs, from breeding and shearing sheep to the complex processing of wool fibers. These processes require skilled labor, specialized equipment, and extensive land resources, which contribute to high operational costs. Additionally, the high cost of transporting raw wool from farms to manufacturing facilities further drives up expenses. These elevated costs make pure wool products more expensive compared to synthetic or blended fibers, limiting their accessibility for price-sensitive consumers. This challenge can hinder market growth, particularly in regions where affordability is a major factor in textile choices.

Impact of Covid-19 on the Pure Wool Market

Covid-19 pandemic had a significant impact on the Pure Wool Market, disrupting both supply chains and consumer demand. During the initial phases of the pandemic, manufacturing facilities faced temporary closures, and logistical challenges arose due to restricted transportation and labor shortages. These disruptions resulted in delayed production and increased operational costs. On the demand side, economic uncertainty led to reduced consumer spending, particularly on luxury goods such as high-quality wool products. However, as the world adapted to new consumer behaviors, there was a renewed focus on sustainable and comfortable home textiles, which benefited the wool market, especiall...

China YiWu Small Commodity Price Index: Knitting & Weaving Product: Woolen Yarn data was reported at 102.350 Jul2006=100 in 22 Jul 2024. This records a decrease from the previous number of 102.760 Jul2006=100 for 15 Jul 2024. China YiWu Small Commodity Price Index: Knitting & Weaving Product: Woolen Yarn data is updated daily, averaging 100.860 Jul2006=100 from Sep 2006 (Median) to 22 Jul 2024, with 869 observations. The data reached an all-time high of 110.530 Jul2006=100 in 19 Dec 2011 and a record low of 95.250 Jul2006=100 in 09 Apr 2012. China YiWu Small Commodity Price Index: Knitting & Weaving Product: Woolen Yarn data remains active status in CEIC and is reported by Yiwu City Government. The data is categorized under China Premium Database’s Business and Economic Survey – Table CN.OQ: YiWu Small Commodity Price Index: Weekly.

Wool Price in Italy - 2023. Find the latest marketing data on the IndexBox platform.

United States - Producer Price Index by Commodity: Textile Products and Apparel: Finished Manmade, Silk, and Other Natural Fiber (Excluding Cotton and Wool) Broadwoven Fabrics was 234.40700 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Textile Products and Apparel: Finished Manmade, Silk, and Other Natural Fiber (Excluding Cotton and Wool) Broadwoven Fabrics reached a record high of 257.83500 in July of 2022 and a record low of 78.20000 in March of 1978. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Textile Products and Apparel: Finished Manmade, Silk, and Other Natural Fiber (Excluding Cotton and Wool) Broadwoven Fabrics - last updated from the United States Federal Reserve on July of 2025.