Key Market Indicators
Montenegrin wool imports are estimated to reach around $73,340 by 2026. This represents a 0.4% increase year on year, on average. Since 2011, the demand for wool in Montenegro has grown by 9%. In 2021, the country ranked 108th in the world, with Greenland coming ahead with $71,740. Italy, Germany and the United Kingdom took the next three spots. Meanwhile, Montenegrin wool exports fell by 31.8% in 2018 compared to 2017, reaching $2,930. Since 2011, the country's supply has decreased by 46.1% year on year. In 2018, Montenegro ranked 102nd in the world, with Armenia overtaking it with $2,930. China, Italy and Germany took the next three spots.