South Korea Wool Industry Outlook 2022 - 2026

Key Market Indicators

Korea's wool imports are expected to hit $403 million by 2026, up 0.3% each year on average since 1993. The country was the seventh largest importer of wool in 2021, with Romania overtaking it at $395 million. Italy, Germany and the United Kingdom took the second, third and fourth spots in the ranking. On the export side, Korea's wool shipments are expected to total $47 million by 2026, down 4.4% each year on average since 1993. In 2021, the country was the 25th largest exporter of wool, with the United States overtaking it at $62 million. China, Italy and Germany were the second, third and fourth largest exporters.

South Korea Wool Market Data and Forecasts

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