Wool traded flat at 1,239 AUD/100Kg on August 13, 2025. Over the past month, Wool's price has risen 2.23%, and is up 10.23% 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.

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.

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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

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.

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

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

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.

The global merino wool industry reached a production volume of about 304.00 KMT in 2024. The market is projected to grow at a CAGR of 0.40% between 2025 and 2034, reaching a volume of 316.38 KMT by 2034.

Global Wool Prices: 35 years of historical data from 1990 to 2025.

In 2023, the annual price of Responsible Wool Standard (RWS) wool in South Africa was around *** South African rand (**** U.S. dollars) per kilogram. Over the observed period, the price decreased considerably from *** South African rand (about **** U.S. dollars) per kilogram in 2019.

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

This report analyses trends in the domestic price of wool in the United Kingdom. The data is sourced from the British Wool Marketing Board (BMWB) in addition to estimates by IBISWorld. The figures represent averages of the BWMB price indicator for greasy wool over financial years (April to March). Prices are recorded in pence per kilogram and are expressed in current terms.

This statistic shows the wool prices in New Zealand from the financial year 2014/15 to 2017/18, by type. In the financial year 2017/18, the price for fine wool is expected to be around ** New Zealand dollars per kilogram.

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

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

Global wool sales are estimated at US$ 35.25 billion in 2024. The market is projected to register 3.1% CAGR and reach a valuation of US$ 47.83 billion by the end of 2034.

Report Attributes	Details
Wool Market Size (2024E)	US$ 35.25 Billion
Forecasted Market Value (2034F)	US$ 47.83 Billion
Global Market Growth Rate (2024 to 2034)	3.1% CAGR
Canada Market Growth Rate (2024 to 2034)	3.6% CAGR
China Market Value (2034F)	US$ 10.52 Billion
North America Market Share (2024E)	28.6%
East Asia Market Share (2034F)	38.4%
Key Companies Profiled	Laxtons Limited; Suedwolle Group Italia; Indorama Ventures Public Company Limited; Suripi Textiles Pvt. Ltd.; Sharman Woolen Mills Ltd; Jainson Hosiery Industries; Shanghai Kunlei Wool Textile Co.; Rockwool International; Johns Manville; Owens Corning; Saint-Gobain; Paroc Group Oy

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 7.23 Billion
Growth Rate (2024 to 2034)	3.5% CAGR
Projected Value (2034F)	US$ 10.23 Billion

Attribute	China
Market Value (2024E)	US$ 7.32 Billion
Growth Rate (2024 to 2034)	3.7% CAGR
Projected Value (2034F)	US$ 10.52 Billion

Category-wise Evaluation

Attribute	Apparel
Segment Value (2024E)	US$ 13.15 Billion
Growth Rate (2024 to 2034)	3.5% CAGR
Projected Value (2034F)	US$ 18.56 Billion

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 Jul 2025 about wool, appliances, minerals, equipment, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.