Key Market Indicators
Singaporean wool exports are expected to drop 5.4% a year on average, from $4.4 million in 2021 to $3.2 million in 2026. This would be a continuation of the downward trend seen since 1994. In 2021, Singapore ranked 54th, behind Pakistan's $4.4 million. China, Italy, and Germany were 2nd, 3rd, and 4th respectively. Meanwhile, Singaporean wool imports are anticipated to fall 6.2% a year on average, from $6.6 million in 2021 to $4.6 million in 2026. This too would keep up the downward movement seen since 1994, when imports were 9.1% lower than the previous year. In 2021, Singapore was 71st, behind Ethiopia's $6.6 million. Italy, Germany, and the United Kingdom were 2nd, 3rd, and 4th respectively.
