Key Market Indicators
Australia's wool exports are set to reach $3.3 billion by 2026, up from $3 billion in 2021. This growth is estimated to be 1.4% year on year. Since 1993, the supply of Australian wool has increased by 6% year on year. China, Italy and Germany are the top three countries in terms of wool exports from Australia. Australia's wool imports are expected to drop to $13.7 million by 2026, down from $33.2 million in 2021. This decline is estimated to be 14.6% year on year. Since 1993, the demand for Australian wool has decreased by 9.2% year on year. In 2021, Belarus overtook Australia with $33.2 million in imports. Italy, Germany and the UK are the top three countries importing wool from Australia.
