Key Market Indicators
Saudi wool imports are predicted to reach almost $10 million by 2026, a 3.7% drop from 2021's $12.3 million. Since 1996, the country's demand has decreased by an average of 6.7% annually. In 2021, Saudi Arabia was the 55th-largest importer, with New Zealand leading the way at $12.3 million. Italy, Germany and the United Kingdom were numbers two, three and four, respectively. Meanwhile, Saudi wool exports are expected to fall 6.5% year-on-year to $2.3 million by 2026, down from $3.4 million in 2021. Since 1996, the country's supply has decreased by an average of 12% each year. In 2021, Saudi Arabia was the 56th-largest exporter, with Kenya topping the list at $3.4 million. China, Italy and Germany came in second, third and fourth, respectively.
