Wool

Global wool production reached approximately 1.2 million MT in 2023/24, dominated by Australia, China, and New Zealand. The market is valued at roughly $8–10 billion USD annually and serves apparel, carpet, and industrial applications. Supply is concentrated in southern-hemisphere pastoral regions; demand remains steady but faces synthetic-fiber competition.

Structured Atlas recordRelease 2026-09-19-batch-230
Global production
1.2M MT
2023/24
Market value
$9B
Producing countries tracked
9
Grading systems
1
Active supply risks
3
Trade corridors
3

Structured market record

Atlas renders the supported agricultural record and its indexed evidence lanes. Values keep their stored scope and vintage; reference markets are not physical delivered prices.

HS classifications

Indexed evidence lanes

These are compact previews of the underlying Atlas records. Open each section for its complete evidence set and stored detail.

Leading origins
  • Australia · rank 1
  • China · rank 2
  • New Zealand · rank 3
  • Iran · rank 4
Grading frameworks
  • Australian Wool Exchange (AWE) Micron Classification
Supply risks
  • Drought in Australia and New Zealand · high
  • Synthetic fiber substitution · medium
  • Geopolitical trade restrictions on Iran · medium
Trade documents
  • Certificate of Origin
  • Phytosanitary Certificate
  • Commercial Invoice
  • EU Organic Certification (if applicable)
Reference markets
  • Australian Merino Greasy 19 micron · Australian Wool Exchange (AWE)
  • New Zealand Crossbred Greasy · New Zealand Wool Auctions
  • Scoured Merino Tops 18.5 micron · European mills (Italy/Belgium)
Grading systems
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National and regional grading frameworks defining tradeable quality.
Producers
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Country-level production, share of global output, exporter/importer status.
Supply risks
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Active and seasonal supply-side risks — weather, disease, geopolitical, regulatory.
Documentation
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Required export and import documents per origin-destination corridor.