Key Market Indicators
Uruguay’s wool exports are expected to reach $237 million by 2026, up from $235 million in 2021. The country’s supply has grown 3% annually since 1999. Uruguay was the twelfth largest exporter in 2021, with Peru ahead at $235 million. China, Italy, and Germany were the second, third, and fourth largest exporters respectively. Meanwhile, Uruguay’s wool imports are projected to reach $76 million by 2026, up from $68 million in 2021. Demand has grown by 5.3% each year since 1999. Uruguay ranked 27th in 2021, with Belgium taking the lead at $68 million. Italy, Germany, and the United Kingdom came in second, third, and fourth respectively.
