Key Market Indicators
Canadian wool exports are forecasted to drop 6.7% to around $11.5 million by 2026, down from $17.1 million in 2021. Since 1994, Canada's supply has decreased by 7.9% year-on-year. In 2021, Belarus surpassed Canada in this ranking, taking the 43rd spot with $17.1 million in exports. China, Italy and Germany took the next three spots, respectively. Canadian wool imports are expected to decrease 2.2% annually to reach $71.2 million by 2026, down from $81.4 million in 2021. Since 1994, Canada's demand has decreased by 1.8% year-on-year. In 2021, the Netherlands surpassed Canada in this ranking, taking the 25th spot with imports worth $81.4 million. Italy, Germany and the United Kingdom followed with the next three spots, respectively.