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[ 英語タイトル ] Wool Market - Growth, Trends and Forecast (2020 - 2025)


Product Code : MDAG0086419
Survey : Mordor Intelligence
Publish On : November, 2020
Category : Agriculture and Allied Activities
Report format : PDF
Sales price option (consumption tax not included)
Single User USD4250 / Question Form
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[Report Description]

The global wool market is projected to grow at a CAGR of 4.6% for the forecast period(2020-2025). Wool is a globally traded commodity, and its market diversity is vast and ever-evolving. Apparel and fashion, athletic/sports and leisurewear, flooring, upholstery, and other interior textiles, the automotive and aviation industries. According to the International Wool Textile Organisation, a single sheep provides, in general, about 4.5 kg of wool per year, or the equivalent of more than 10 meters of fabric.

With the technological advancement in the wool manufacturing industry, there is a rapid development of spinning and weaving tools leading to increased sales of clothing across the globe. Growth opportunity mainly lies with millennial consumers whose purchasing behavior, such as the preference for quality, authenticity, and transparency, is driving the market for wool. Various measures undertaken by the IWTO, a regulating authority for wool quality and traceability is fetching a higher price for the wool, thus encouraging the production.

Key Market Trends

Institutional Initiatives Ensuring the Quality is Driving the Production

According to the International Wool Textile Organisation (IWTO), in 2018, around 1.155 million kg of clean raw wool is produced by more than 1.177 billion sheep around the world, and this number rose by 2 million from 2017. The wool supply chain is long, with many stops en route from farm to fashion. To ensure transparency and to facilitate the flow of information about wool to assure buyers of the wool qualities being purchased, IWTO members have developed many traceability systems.

One such system is the National Wool Declaration Integrity Program. The National Wool Declaration is an industry initiative, recognized globally, for its transparency and traceability from the farm. The NWD Integrity Program (NWD-IP) is an extensive program of Desktop Audits and On-Farm Inspections with a single purpose: to build wool pipeline and consumer confidence in Australian wool.

With all these initiatives put forth by the regulating authority, wool is fetching a higher price because sheep rearing for wool is also increasing. In 2018, China and Austalia shared a higher percentage of sheep under rearing, with 14% and 6% respectively, according to the IWTO.

Asia-Pacific Dominates the Market

Wool is a commodity traded globally, and its diversity in the market is vast and ever-evolving. With most of the wool sold with an IWTO Test Certificate, the buyer's confidence for quality is guaranteed. With the trend towards eco-friendly, sustainable, and biodegradable parameters in the apparel industry, demand for wool is growing worldwide as it provides comfort to the skin. Thus, the market is driven explicitly by Millennials and Y Generation. According to IWTO, in 2018, Australia, China, and New Zealand are the leading producer with a share of 23.4%, 15.5%, and 9.1%, respectively, of the total world production. According to ITC Trade, in 2019, China accounted for the highest export worth of USD 765,961 thousand, with a quantity of 44,763 metric tons sharing 38.9% of the total export.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions & Market definition
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Value Chain Analysis

5 MARKET SEGMENTATION
5.1 Geography
5.1.1 United States
5.1.1.1 Production Analysis
5.1.1.2 Consumption Analysis and Market Value
5.1.1.3 Import Market Analysis (Value and Volume)
5.1.1.4 Export Market Analysis (Value and Volume)
5.1.1.5 Price Trend Analysis
5.1.2 Mexico
5.1.2.1 Production Analysis
5.1.2.2 Consumption Analysis and Market Value
5.1.2.3 Import Market Analysis (Value and Volume)
5.1.2.4 Export Market Analysis (Value and Volume)
5.1.2.5 Price Trend Analysis
5.1.3 Germany
5.1.3.1 Production Analysis
5.1.3.2 Consumption Analysis and Market Value
5.1.3.3 Import Market Analysis (Value and Volume)
5.1.3.4 Export Market Analysis (Value and Volume)
5.1.3.5 Price Trend Analysis
5.1.4 Belgium
5.1.4.1 Production Analysis
5.1.4.2 Consumption Analysis and Market Value
5.1.4.3 Import Market Analysis (Value and Volume)
5.1.4.4 Export Market Analysis (Value and Volume)
5.1.4.5 Price Trend Analysis
5.1.5 United Kingdom
5.1.5.1 Production Analysis
5.1.5.2 Consumption Analysis and Market Value
5.1.5.3 Import Market Analysis (Value and Volume)
5.1.5.4 Export Market Analysis (Value and Volume)
5.1.5.5 Price Trend Analysis
5.1.6 Netherlands
5.1.6.1 Production Analysis
5.1.6.2 Consumption Analysis and Market Value
5.1.6.3 Import Market Analysis (Value and Volume)
5.1.6.4 Export Market Analysis (Value and Volume)
5.1.6.5 Price Trend Analysis
5.1.7 Turkey
5.1.7.1 Production Analysis
5.1.7.2 Consumption Analysis and Market Value
5.1.7.3 Import Market Analysis (Value and Volume)
5.1.7.4 Export Market Analysis (Value and Volume)
5.1.7.5 Price Trend Analysis
5.1.8 China
5.1.8.1 Production Analysis
5.1.8.2 Consumption Analysis and Market Value
5.1.8.3 Import Market Analysis (Value and Volume)
5.1.8.4 Export Market Analysis (Value and Volume)
5.1.8.5 Price Trend Analysis
5.1.9 Australia
5.1.9.1 Production Analysis
5.1.9.2 Consumption Analysis and Market Value
5.1.9.3 Import Market Analysis (Value and Volume)
5.1.9.4 Export Market Analysis (Value and Volume)
5.1.9.5 Price Trend Analysis
5.1.10 New Zealand
5.1.10.1 Production Analysis
5.1.10.2 Consumption Analysis and Market Value
5.1.10.3 Import Market Analysis (Value and Volume)
5.1.10.4 Export Market Analysis (Value and Volume)
5.1.10.5 Price Trend Analysis
5.1.11 Morocco
5.1.11.1 Production Analysis
5.1.11.2 Consumption Analysis and Market Value
5.1.11.3 Import Market Analysis (Value and Volume)
5.1.11.4 Export Market Analysis (Value and Volume)
5.1.11.5 Price Trend Analysis

6 MARKET OPPORTUNITIES AND FUTURE TRENDS

7 Impact Of Covid-19

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