Global wool market

The global wool market involves the buying and selling of wool, primarily produced from sheep, which is used in textiles like clothing and upholstery. Factors influencing it include sheep farming conditions, fashion trends, and demand for sustainable fabrics. Prices fluctuate based on supply and demand, weather impacts, and production costs. Major producers are countries like Australia, China, and New Zealand. Overall, the market adapts to changing consumer preferences, technological advances, and economic conditions, making wool a continually relevant but competitive textile commodity worldwide.