The global wool derivatives market, valued at approximately USD 5.13 billion in 2024, is expanding steadily as demand for sustainable and natural fibers strengthens across textiles, apparel, personal care, and technical applications such as nonwovens and insulation materials. Europe accounted for nearly 42% of the market share in 2024, driven by a well-established textile and apparel manufacturing base, alongside stringent environmental standards encouraging the use of biodegradable fibers. Asia-Pacific is emerging as the fastest-growing region, propelled by large-scale textile exports from China, India, and Vietnam, coupled with rising domestic consumption of wool-based apparel and carpets. North America maintains a strong position with premium wool product demand, particularly in high-value segments such as luxury fashion, home furnishings, and industrial applications. Global exports of wool and wool derivatives under HS codes 5105–5113 exceeded USD 3.1 billion in 2023, reflecting strong international trade activity.
Wool Derivatives overview
Published by MMR Statistics Research Team, Updated