Wool Market Overview in Ireland
In value terms, wool production rose notably to $ in 2019 estimated in export prices. In general, production, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of % against the previous year. Wool production peaked in 2019 and is likely to see gradual growth in the immediate term.
The size of the wool market in Ireland reached $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Wool consumption peaked in 2019 and is likely to see gradual growth in the near future.