Wool production in the US has shown a steady decline over the past decade. From 2013, when production was 12.25 thousand metric tons, there has been a notable decrease each year. In 2023, production stood at 10.78 thousand metric tons. Year-on-year variations over the last two years show minor declines of -0.25% in 2022 and -0.22% in 2023. The 5-year CAGR from 2018 to 2023 is -0.53%, reflecting a consistent downward trend in wool production volumes.
Future trends to watch for include the impact of changing consumer preferences towards sustainable and synthetic fibers, potential advancements in wool processing technology, and any shifts in domestic agricultural policy that may affect wool production incentives.
