Wool traded flat at 1,504 AUD/100Kg on November 28, 2025. Over the past month, Wool's price has risen 5.40%, and is up 31.47% 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 December 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 2025, the price index of wool in Australia was estimated to be ****. The source predicted that the price index of wool in the fiscal year 2026 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 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.

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

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.

In 2024, the Philippine wool market decreased by -3.7% to $17M, falling for the second consecutive year after two years of growth. Overall, consumption, however, saw a abrupt decrease. As a result, consumption reached the peak level of $35M. From 2015 to 2024, the growth of the market remained at a somewhat lower figure.

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.

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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 extend

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.

The global Merino wool market was volumed at 304.00 KMT in 2024. The market is expected to grow at a CAGR of 0.40% during the forecast period of 2025-2034 to reach a volume of 316.38 KMT by 2034. The market is growing rapidly, and one of the drivers behind this trend is consumer demand for sustainable, high-performance natural fibers.

Merino wool has gained a reputation for being a soft fiber, due to its soft, breathable, moisture-wicking properties. It now plays a major role in luxury apparel, activewear, and home textiles. There is appeal for Merino wool since it relates to the circular economy and because both brands and consumers want more biodegradable eco-friendly alternatives to synthetics too. Growth is in the premium and high-end segments, with Merino wool preferred for designer wool suits and performance in outdoor gear, along with a stream of innovation in methods of processing and blending for enhanced durability and versatility for consumers.

Key producers of wool, including Australia, New Zealand, and China, are still driving global supply, with demand in emerging economies speeding up. The Merino wool industry is also fueled by the fast growth of e-commerce, which opens up access to high-quality Merino wool goods globally. Significantly, in early 2025, wool prices increased by more than 3% as global demand continued to outstrip supply, reflecting continued popularity of premium attributes of Merino wool. As sustainability and responsible sourcing continue to be core to consumer decisions, Merino wool's natural and sustainable properties put it at the forefront as a key growth driver in the world's textile market. The market growth is driven by a wave of new product innovations and sustainability-focused advancements.

LILYSILK, for example, released its first-ever machine wash Merino wool line in 2024, which not only made luxury wool fashion more accessible to consumers but also greatly enhanced marketability. New breakthroughs in sustainable dyeing methods, such as the use of biodegradable natural dyes including sulphonated lignin, are also significantly reducing the environmental footprint of Merino wool market, contributing to efforts to advance sustainability globally.

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.

Graph and download economic data for Producer Price Index by Industry: Mineral Wool Manufacturing: Mineral Wool for Industrial, Equipment, and Appliance Insulation (PCU3279933279934) from Dec 1981 to Sep 2025 about wool, appliances, minerals, equipment, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

This report analyses the domestic price of wool as measured by the Eastern Market Indicator (EMI) price for clean wool. The data for this report is sourced from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) and is measured in nominal Australian cents per kilogram (c/kg) per financial year.

View monthly updates and historical trends for Australia Wool Spot Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

Wool Price in Chile - 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).

United States - Producer Price Index by Commodity: Nonmetallic Mineral Products: Mineral Wool for Industrial, Equipment, and Appliance Insulation was 253.90100 Index 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Nonmetallic Mineral Products: Mineral Wool for Industrial, Equipment, and Appliance Insulation reached a record high of 256.56000 in May of 2025 and a record low of 93.90000 in December of 1981. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Nonmetallic Mineral Products: Mineral Wool for Industrial, Equipment, and Appliance Insulation - last updated from the United States Federal Reserve on November of 2025.