In 2023, New Zealand led the global export market for degreased shorn wool, although experiencing a slight decline of 5.55% from the previous year, totaling USD 148.31 million. The United Kingdom and Uruguay followed, with modest growth rates of 2.51% and 3.99% respectively. Australia saw a significant decline of 15.48% in its export value, reducing its market stance. Mongolia experienced a healthy growth of 6.07%, reaching USD 25.74 million.
Future trends to watch include the potential for continued growth in markets like Malaysia and Mongolia, driven by rising demand and production capabilities. Conversely, traditional exporters like Australia and China might need to address challenges in production and market volatility to regain momentum. Sustainability practices and innovations in wool production could also play a pivotal role in shaping the market dynamics.
Top countries in Export of Degreased Shorn Wool by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 New Zealand | 148,310,000 | 2023 | -7.1% | -5.55% | View data |
| 2 | 2 United Kingdom | 58,263,000 | 2023 | +1.38% | +2.51% | View data |
| 3 | 3 Uruguay | 46,937,000 | 2023 | +3.77% | +3.99% | View data |
| 4 | 4 Australia | 36,074,000 | 2023 | -16.64% | -15.48% | View data |
| 5 | 5 Mongolia | 25,740,000 | 2023 | +5.05% | +6.07% | View data |
| 6 | 6 Malaysia | 19,506,000 | 2023 | +4.99% | +9.32% | View data |
| 7 | 7 Belgium | 12,684,000 | 2023 | +0.28% | +0.075% | View data |
| 8 | 8 Russia | 10,914,000 | 2023 | +2.31% | +4.18% | View data |
| 9 | 9 China | 10,845,000 | 2023 | -2.25% | -1.89% | View data |
| 10 | 10 Germany | 5,903,200 | 2023 | -8.3% | -8.48% | View data |
