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Pricing

Wool, fine or coarse animal hair; horsehair yarn and woven fabric

51 (Harmonized System 1992 for 2-digit)

2023
World Trade $11.2BRnk 82 / 96
2023
Top Exporter | Top Importer $2.25B | $2.74BItaly | China
2023
Product Complexity -0.18Rnk 48 / 96
2022 - 2023
Export Growth (CAGR) -3.36%Rnk 37 / 96
2023
Share of World Trade 0.049%Rnk 82 / 96

About

Overview This page contains the latest trade data of Wool & animal hair. In 2023, Wool & animal hair were the world's 82nd most traded product, with a total trade of $11.2B. Between 2022 and 2023 the exports of Wool & animal hair decreased by -3.36%, from $11.6B to $11.2B. Trade in Wool & animal hair represent 0.049% of total world trade.

Wool & animal hair are a part of Textiles. They include Wool, Combed Wool or Animal Hair Fabric, Prepared Wool or Animal Hair, Non-Retail Combed Wool Yarn, Carded Wool or Animal Hair Fabric, Non-Retail Carded Wool Yarn, Animal Hair, Non-Retail Animal Hair Yarn, Retail Wool or Animal Hair Yarn, and Wool or Animal Hair Waste, among others.

Exports In 2023 the top exporters of Wool & animal hair  were Italy ($2.25B), Australia ($2B), China ($1.98B), South Africa ($394M), and United Kingdom ($384M).

Imports In 2023 the top importers of Wool & animal hair were China ($2.74B), Italy ($1.65B), Germany ($554M), United Kingdom ($354M), and India ($348M).

Ranking Wool & animal hair ranks 48th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wool & animal hair. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Italy$2.25B
Top Destination (2023)China$2.74B

In 2023 Wool & animal hair were the world's 82nd most traded product (out of 96).

In 2023, the top exporters of Wool & animal hair were Italy ($2.25B), Australia ($2B), China ($1.98B), South Africa ($394M), and United Kingdom ($384M).

In 2023, the top importers of Wool & animal hair were China ($2.74B), Italy ($1.65B), Germany ($554M), United Kingdom ($354M), and India ($348M).

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Exporters of Wool & animal hair (2023)
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Importers of Wool & animal hair (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Italy$134M
Top Destination Growth (2022 -  2023)India$105M

Between 2022 and 2023, the exports of Wool & animal hair grew the fastest in Italy ($134M), Peru ($41.8M), India ($18.4M), Turkey ($12.3M), and Denmark ($12.1M).

Between 2022 and 2023, the fastest growing importers of Wool & animal hair were India ($105M), France ($41.4M), Japan ($40.4M), Morocco ($35.4M), and Netherlands ($25.6M).

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Exporters of Wool & animal hair (2022 - 2023)

Importers of Wool & animal hair (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wool & animal hair.

In 2023, market concentration measured using Shannon Entropy, was 4.1. This means that most of the exports of Wool & animal hair are explained by 17 countries.

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Value of Exports in Wool & animal hair

Net Trade

TOP NET EXPORTER (2023)Australia$1.96B
TOP NET IMPORTER (2023)China$768M

This map shows which countries export or import more of Wool & animal hair. Each country is colored based on the difference in exports and imports of Wool & animal hair during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Wool & animal hair were Australia ($1.96B), Italy ($593M), South Africa ($333M), New Zealand ($290M), and Mongolia ($283M).

In 2023, the countries that had a largest trade value in imports than in exports of Wool & animal hair were China ($768M), Vietnam ($230M), Turkey ($223M), South Korea ($210M), and Germany ($206M).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Wool & animal hair, disaggragated by their HS6 level were Wool ($3.04B), Combed Wool or Animal Hair Fabric ($2.05B), Prepared Wool or Animal Hair ($1.51B), Non-Retail Combed Wool Yarn ($1.29B), and Carded Wool or Animal Hair Fabric ($956M)

HS6 Disaggregation for Wool & animal hair (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Wool & animal hair.
It is possible to select the main countries that export or import Wool & animal hair in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wool & animal hair by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $13.6M
TOP IMPORT POTENTIALItaly+ $994k

Wool & animal hair’s highest export potential is India. With an export gap of $13.6M.  Wool & animal hair’s highest import potential is Italy with an import gap of $994k.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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