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.

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.

Graph and download economic data for Wholesale Price of Wool, Eastern Markets for Boston, MA (M0487AUS14460M267NNBR) from Jan 1890 to Dec 1917 about wool, Boston, wholesale, MA, price, and USA.

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

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.

Global Wool Prices - Historical chart and current data through 2025.

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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

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).

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.

Price Index - Producer Price Indices for Farm Products, by Province, China

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.

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

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

United States - Producer Price Index by Industry: Mineral Wool Manufacturing: Primary Products was 314.74800 Index Dec 1981=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Mineral Wool Manufacturing: Primary Products reached a record high of 320.00900 in March of 2025 and a record low of 100.00000 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 Industry: Mineral Wool Manufacturing: Primary Products - last updated from the United States Federal Reserve on November of 2025.

United States - Producer Price Index by Commodity: Nonmetallic Mineral Products: Mineral Wool for Thermal and Acoustical Envelope Insulation was 273.93300 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 Thermal and Acoustical Envelope Insulation reached a record high of 282.78500 in March of 2025 and a record low of 53.80000 in February of 1975. 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 Thermal and Acoustical Envelope Insulation - last updated from the United States Federal Reserve on November of 2025.