Wool Market Overview in the United Kingdom
In value terms, wool production contracted slightly to $ in 2019 estimated in export prices. In general, production showed a noticeable curtailment. The growth pace was the most rapid in 2008 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2009 to 2019, production growth remained at a lower figure.
The value of the wool market in the UK contracted to $ in 2019, reducing 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). Over the period under review, consumption showed a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market remained at a lower figure.