Wool traded flat at 1,239 AUD/100Kg on August 22, 2025. Over the past month, Wool's price has risen 1.47%, and is up 11.32% 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 August 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.

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

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.

Graph and download economic data for Global price of Wool, Coarse (PWOOLCUSDM) 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, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors. The rising popularity of sustainable and eco-friendly fashion is a major driver, with consumers increasingly seeking ethically sourced and biodegradable alternatives to synthetic materials. The unique properties of merino wool, such as its softness, breathability, and temperature-regulating capabilities, also contribute to its appeal across various applications, including apparel, home textiles, and even specialized technical fabrics. Furthermore, technological advancements in wool processing and finishing are enhancing the performance and versatility of merino wool, opening up new avenues for innovation and product diversification. While challenges such as fluctuating raw material prices and competition from synthetic fibers exist, the overall market outlook remains positive, with significant growth potential in emerging markets and expanding applications. The market segmentation reveals a strong preference for worsted merino wool in apparel applications, particularly in high-end garments and sportswear. Growth in the home textile segment is also notable, driven by demand for luxurious and comfortable bedding, blankets, and other household items made from merino wool. Geographically, North America and Europe remain significant markets, but Asia-Pacific, particularly China and India, is exhibiting the fastest growth due to rising disposable incomes and increasing awareness of sustainable fashion trends. Key players in the market, including MerinoTex, Jiangsu Unitex, and Shanghai Solarwool, are actively investing in research and development to improve product quality, expand their product portfolio, and enhance their supply chains. The long-term forecast indicates a continued upward trajectory for the merino wool market, supported by favorable consumer trends, technological innovation, and the inherent advantages of this premium natural fiber. This in-depth report provides a comprehensive analysis of the global merino wool market, valued at approximately $2 billion in 2023. We delve into production trends, market segmentation, key players, and future growth projections, offering valuable insights for businesses operating within this dynamic sector. This report utilizes data and estimates from reputable industry sources to offer a nuanced understanding of the merino wool landscape.

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.

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.

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

Historic wool prices ranging from 1970-2005. Data held within the Department of Agriculture

This statistic shows the average price of wool paid to producers in Canada in 2022, by region. Wool producers in British Columbia were paid an average of 1.08 Canadian dollars per kilogram in 2022, compared to 0.09 Canadian dollars per kilogram for wool producers in Quebec.

Snapshot img

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?

Request Free Sample

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 Q2 2025 about wool, World, and price.

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...

This statistic illustrates the average annual output price index of wool clip in the United Kingdom (UK) from 1994 to 2023. As of 2014, the index year 2020 equaled 100 points. In 2023, it was reported that the index was at *** points.

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

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).

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

The Australian wool market expanded slightly to $21M in 2024, with an increase of 1.5% against the previous year. Overall, consumption, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2022 with an increase of 5.9% against the previous year. Over the period under review, the market hit record highs at $38M in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

Russia Avg Producer Price: OKPD2: Textile: Yarn: Wool data was reported at 767,396.060 RUB/Ton in Jan 2019. This records an increase from the previous number of 752,612.890 RUB/Ton for Dec 2018. Russia Avg Producer Price: OKPD2: Textile: Yarn: Wool data is updated monthly, averaging 753,023.210 RUB/Ton from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 814,537.870 RUB/Ton in Apr 2018 and a record low of 713,754.940 RUB/Ton in Jan 2018. Russia Avg Producer Price: OKPD2: Textile: Yarn: Wool data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB004: Average Producer Price: Textile.