New Zealand holds the largest market share in global degreased shorn wool exports, despite a 5.55% decline in 2023. The United Kingdom and Uruguay showed growth in their export values, increasing by 2.51% and 3.99%, respectively. Meanwhile, Australia experienced a marked decline of 15.48%. Malaysia stands out with a strong growth of 9.32%, reflecting a notable upward trend. Other countries like Mongolia and Belgium also showed positive growth, with Mongolia increasing by 6.07% and Belgium remaining relatively stable with a slight increase of 0.075%.
Future trends to watch include the potential for continued growth in Malaysia and Mongolia's market share. Additionally, Australia's declining trend could impact the global market dynamics if it continues. Observing changes in China's position, given its large economic impact, will also be crucial as it faced a slight decrease of 1.89% in 2023.
Top countries in Export of Degreased Shorn Wool Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 New Zealand | 43.14 | 2023 | -7.1% | -5.55% | View data |
| 2 | 2 United Kingdom | 16.95 | 2023 | +1.38% | +2.51% | View data |
| 3 | 3 Uruguay | 13.65 | 2023 | +3.77% | +3.99% | View data |
| 4 | 4 Australia | 10.49 | 2023 | -16.64% | -15.48% | View data |
| 5 | 5 Mongolia | 7.49 | 2023 | +5.05% | +6.07% | View data |
| 6 | 6 Malaysia | 5.67 | 2023 | +4.99% | +9.32% | View data |
| 7 | 7 Belgium | 3.69 | 2023 | +0.28% | +0.075% | View data |
| 8 | 8 Russia | 3.17 | 2023 | +2.31% | +4.18% | View data |
| 9 | 9 China | 3.15 | 2023 | -2.25% | -1.89% | View data |
| 10 | 10 Germany | 1.72 | 2023 | -8.3% | -8.48% | View data |
