#Raw Materials

2022-05-12

A comprehensive guide to the wool market

The global wool industry is thriving, diverse, highly sustainable and lucrative sector. For those working in or with the wool sector, it is important to understand its key facts and statistics. Here is a brief introduction to today’s wool textile industry. For a more complete picture, you can purchase a copy of International Wool Textile Organisation’s Market Information document – find out how here.

Understanding the Global Wool Textile Industry

Wool is a globally traded commodity, with 1,949.5 mkg (million kilograms) of it bought and sold around the world each year. It is a fibre with incredibly diverse uses. It is a primary input in sectors such as fashion, activewear, interiors, flooring, aviation, architecture and manufacturing. Its utility gets pushed even further every year, as research and development reveal more and more benefits.

The industry employs millions of people in a variety of roles, from farm hands to textile workers and retail staff. According to the World Organization for Animal Health (OIE), 300 million of poor rural families rely on small ruminants like sheep to make their living.

Wool Sheep

Most people don’t realise how many sheep there are in the world – or how many species exist. Roughly 1.2 billion sheep produce the world’s wool, and the sheep farming experts count no fewer than 1,000 different breeds. Merino or Rambouillet sheep produce the best wools for apparel, whereas Romney or Scottish Blackface sheep are chosen for their coarse wools which are used for décor and carpets.

The Role of The IWTO

The IWTO is the primary global body for the wool trade, industry, advocacy and networking. A major part of the organisation’s role consists of compiling reliable statistics. IWTO’s Market Intelligence Committee produces an annual compilation of the wool market’s facts and figures, spanning every area of the sector from farming to retail. The report is known simply as the IWTO Market Information, and is authored by a team of experts led by Poimena Analysis. This team collects and analyses wool industry data and generates charts and tables that explain the latest developments in wool production.

Learn All You Need to Know About the International Wool Industry

You can read a sample chapter from the IWTO’s Market information document or purchase the entire document here:

https://iwto.org/resources/statistics/

For more information on the wool industry around the world, take a look at the many fact sheets, statistics and guidelines on IWTO’s Wool Resources page:

https://iwto.org/resources/

“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

“We need to move away from the price trap and return to a value-driven mindset.”

With its new Textile Innovation Center, KARL MAYER is sending a strong signal for innovation, collaboration, and the future of textile applications. In this interview, Karl Josef Mayer discusses new opportunities in warp knitting, the processing of staple fibres, recycling, the changing role of machinery manufacturers, and why the textile industry must once again focus more strongly on the value of textiles. by Oliver Schmidt

“Innovation, resilience and international experience remain the great strengths of the Swiss textile machinery industry”

Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

New U.S. cotton study uses real-world grower data to reveal where fiber impacts occur

Cotton Incorporated has released a critically reviewed life cycle assessment (LCA) of U.S. cotton fiber production that examines how cotton’s environmental impacts are measured and where meaningful improvements can be made across the value chain. The new data, grounded in real‑world grower inputs, measures what drives U.S. cotton’s environmental footprint from field to gin.

China projected to increase cotton production, yields, and imports in 2026/27

World cotton production in the 2026/27 season is projected at 25.9 million tonnes, exceeding global consumption of 25.2 million tonnes, according to the May 2026 issue of Cotton This Month. That means both production and consumption are expected to remain close to current season levels, while global cotton trade is projected to decline by 2.7% to approximately 9.6-9.7 million tonnes.

TM WEFT, 270" – More width, more design freedom for the fashion world

KARL MAYER is expanding its successful TM WEFT series with an innovative model that opens up new possibilities, particularly in the fashion & apparel sectors. With a working width of 270", this new machine with weft-insertion not only offers significantly higher output than its narrower counterparts but is also specifically tailored to the demands of dynamic clothing market – particularly in China and Türkiye. A well-thought-out upgrade also ensures even greater design versatility.

YKK invests USD 150 million in new manufacturing facility in India

YKK Corporation has announced plans to construct a new manufacturing facility in India, reinforcing its long-term commitment to one of the world's fastest-growing textile and apparel production hubs. The new factory will be built at Origins by Mahindra in Chennai, Tamil Nadu, and will become the third manufacturing site of YKK India Private Limited. The facility is expected to be completed by February 2028 and represents an investment of approximately USD 150 million, covering land, buildings, machinery and equipment.