Raw wool trade soars with high CAGR of 7.55%

The global trade value of wool (not carded or combed) has been consistently escalating with high CAGR of 7.55 per cent from 2015 to 2018, according to data from TexPro. The global trade of wool was $8,139.53 million in 2016, which increased to $9,726.59 million in 2018. The total trade of wool has risen by 8.19 per cent in 2018 over the previous year.

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Further, total trade of wool is anticipated to reach $12,720.44 million in 2021 with a CAGR of 9.32 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.