Key Market Indicators
Wool exports from Namibia are projected to reach around $151,000 by 2026, up from $137,000 in 2021. This growth is expected to be at an average rate of 1.6% year on year. Since 2005, Namibian supply has increased by 13.4% year on year. In 2021, Namibia came in at number 78, with Kuwait overtaking with $137,000. China, Italy and Germany respectively took the top three spots. In contrast, Namibian wool imports are set to drop to $188,000 by 2026, down from $266,000 in 2021. This is at an average rate of 5.8% year on year. Since 2005, Namibian demand has decreased by 11.9% year on year. In 2021, Namibia was at number 100, with Ivory Coast surpassing it with $265,790. Italy, Germany and the United Kingdom were the top three countries in this ranking.
