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Pricing

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

51 (Harmonized System 1992 for 2-digit)

2022
World Trade $11.9BRnk 84 / 96
2022
Top Exporter | Top Importer $2.24B | $2.97BAustralia | China
2022
Product Complexity -0.29Rnk 54 / 96
2021 - 2022
Export Growth (CAGR) 5.86%Rnk 47 / 96
2022
Share of World Trade 0.05%Rnk 84 / 96

About

Overview This page contains the latest trade data of Wool & animal hair. In 2022, Wool & animal hair were the world's 84th most traded product, with a total trade of $11.9B. Between 2021 and 2022 the exports of Wool & animal hair grew by 5.86%, from $11.2B to $11.9B. Trade in Wool & animal hair represent 0.05% 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 2022 the top exporters of Wool & animal hair  were Australia ($2.24B), China ($2.23B), Italy ($2.03B), Germany ($525M), and Mongolia ($462M).

Imports In 2022 the top importers of Wool & animal hair were China ($2.97B), Italy ($1.62B), Germany ($694M), United Kingdom ($352M), and Vietnam ($341M).

Ranking Wool & animal hair ranks 54th 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 (2022)Australia$2.24B
Top Destination (2022)China$2.97B

In 2022 Wool & animal hair were the world's 84th most traded product (out of 96).

In 2022, the top exporters of Wool & animal hair were Australia ($2.24B), China ($2.23B), Italy ($2.03B), Germany ($525M), and Mongolia ($462M).

In 2022, the top importers of Wool & animal hair were China ($2.97B), Italy ($1.62B), Germany ($694M), United Kingdom ($352M), and Vietnam ($341M).

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Exporters of Wool & animal hair (2022)
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Importers of Wool & animal hair (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Italy$335M
Top Destination Growth (2021 -  2022)Italy$332M

Between 2021 and 2022, the exports of Wool & animal hair grew the fastest in Italy ($335M), Mongolia ($98.5M), China ($75.4M), Czechia ($48.1M), and India ($46.9M).

Between 2021 and 2022, the fastest growing importers of Wool & animal hair were Italy ($332M), Turkey ($109M), Germany ($104M), Japan ($89.3M), and Vietnam ($85.4M).

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Exporters of Wool & animal hair (2021 - 2022)

Importers of Wool & animal hair (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.12. 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 (2022)Australia$2.18B
TOP NET IMPORTER (2022)China$739M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Wool & animal hair were Australia ($2.18B), Mongolia ($454M), Italy ($410M), South Africa ($325M), and New Zealand ($289M).

In 2022, the countries that had a largest trade value in imports than in exports of Wool & animal hair were China ($739M), Vietnam ($309M), Turkey ($233M), South Korea ($231M), and United States ($214M).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Wool & animal hair, disaggragated by their HS6 level were Wool ($3.28B), Combed Wool or Animal Hair Fabric ($1.87B), Prepared Wool or Animal Hair ($1.83B), Non-Retail Combed Wool Yarn ($1.4B), and Carded Wool or Animal Hair Fabric ($966M)

HS6 Disaggregation for Wool & animal hair (2022)
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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 (2022)

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