China Merino Wool Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

China Merino Wool Market Outlook

The China merino wool market report states that the market size reached a value of about KMT 22.56 in 2023. It is expected to expand further at a CAGR of roughly 0.8% in the forecast period of 2024-2032. The market size will be around KMT 24.14 by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

News and Developments in the Market

In October 2021, Victoria Beckham, a British Fashion brand, collaborated with The Woolmark  Company and an Australian company to design sustainable and traceable knitwear with merino wool. This collection of clothes will include sweaters, cardigans, and knitted accessories.

The clothes are made of 100% Merino wool, acquired directly from Australian woolgrowers.

In October 2021, Levi’s and The Woolman Company entered a collaboration to introduce a new  sustainable boot design, which is more performance-centred and has a lower environmental impact. The boot will be made of merino wool.

The utilisation of merino wool in the boot will highlight the benefits of the fibre, its versatility, and its sustainable nature. This will make help in promoting wool as an eco-friendly apparel material.

China Merino Wool Market Trend

Merino wool is a natural fibre obtained by rearing merino sheep. Merino wool is much softer and thinner than regular wool, and the absorbent quality of the wool gives a dry feeling to the skin. It is very good at adapting according to the temperature and keeping your body at a stable temperature. When it is cold outside, the fibres trap air, insulating you. And when it is hot outside, it keeps the sweat away from the body, helping to keep the body cool and dry.

The China merino wool market is significantly affected by the global market’s increasing demand for wool apparel as China is one of the biggest suppliers of wool fibre and wool clothes.

The ever-expanding clothing industry has been a major driving factor. With online shopping becoming progressively prominent as the go-to mode of shopping, the demand will rise, further propelling the merino wool market development.

The developing economy of countries increases the spending power of people. This significantly grows the demand for premium clothes.

Increasing awareness of environmentally friendly products can enhance market growth.

China Merino Wool Market Analysis

Based on type, the market can be segmented into Worsted and Woollen. Based on the Weave type, it can be bifurcated into plain and twill. Based on application, the market segments include woven and knit.

Based on end-users, the market can be segmented into apparel and home textile. The apparel in the market can be further segmented into sports and active wear, formal wear, and casual wear, among others.

The regional markets for the merino wool market can be divided into North America, the Asia Pacific, Europe, Africa, Latin America, and the Middle East. The extensive EMR report provides an in-depth evaluation of the market based on Porter's five forces model and a SWOT analysis

The merino wool market report comprehensively analyses key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• MERINOTEX

• Jiangsu Unitex Co., Ltd.

• Shanghai Solarwool Apparel Co., Ltd

• Zhangjiagang Shepherd Inc.

• Others

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Types of Merino Wool in the Market Include Worsted and Woollen

Based on types, the market for merino wool includes worsted and woollen. The worsted merino wool is one of the market's most luxurious types of wool yarn.

The premium apparels made of yarn are in high demand. The worsted yarns are light and soft to touch. They are used to make suits, carpets, clothing, and gloves, among others.

The woollen merino wool is the uneven and less soft yarn formed from fabrics. This is the more common type of yarn found in the market.

Weave types in the Merino Wool Market Include Plain and Twill

Plain weave fabric is one of the most basic types of textile weaves. They do not tangle easily but tend to wrinkle quickly and have less absorbent quality. It is used for a variety of things like canvas and blankets, muslins, and chiffons. It can be recognised by its checkerboard-like pattern.

Twill weave is also one of the fundamental weave styles, along with plain weave and satin. This type of weave, unlike plain weave, has two distinct sides, with the front side having a darker colour and a light-coloured back.

It is durable and wears less while having good wrinkle resistance. Denim, chinos, and upholstery are some of the end-uses of twill weave.

Merino Wool Finds Applications in Woven and Knit Clothes

Based on application, the market segments include woven and knit. Woven fabric is any textile formed by weaving two sets of yarns. This makes almost all the fabrics, from jeans to sundresses, woven fabric. Compared to knitted fabrics, woven fabrics do not stretch that easily, giving them a longer lifespan.

The knitted fabric is made of one yarn, like hand knitting. The textile is created by a single thread that is weaved with a needle to create loops.

They are wrinkle-free, lightweight, and comfortable to wear, making them popular as travel clothing. Knitted fabric is used to make numerous types of clothes, including t-shirts, sportswear, swimwear, and sweaters, among others.

Merino Wool Finds End-Uses in Apparel and Home Textile

The apparel segment is the leading user of wool in the market, and it has been used for years. Environmental awareness is spreading among people and wool’s eco-friendly properties are a major factor helping the expansion of the clothing market.

But its flexibility and durability, combined with its fire-resistant properties, makes wool suitable for many purposes.

Wool has been a popular choice as a home textile for making blankets, carpets, towels, and sheets, among others, owing to its insulation and absorption characteristics.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The Regional Outlook of the Overall Asia Pacific Market

The Asia Pacific region is expected to lead the market during the forecast period. This can be attributed to the developing economy of nations like India and China, which are also the most populous countries.

The rising industrialisation and urbanisation among the growing middle-class population indicate the increased spending power of people. These factors are key factors for market expansion.

Moreover, China, India, and Japan are some of the top importers of merino wool, while China also has a large market share in exporting merino wool.

Australia is the largest producer of merino wool, owing to a large number of sheep farmers. But, due to the fluctuating prices of sheep wool, meat, and other products, the development has been weak in the past few years.

Competitive Landscape

MERINOTEX is a prominent company of merino wool in China. They have been manufacturing merino wool for over 15 years. They are one of the largest providers of merino wool clothes. Their products include merino wool yarn, merino wool socks, merino wool fabric, and merino shoes, while also making merino wool sweaters and merino wool blankets.

Jiangsu Unitex Co., Ltd. is a Chinese manufacturing company mainly engaged in woollen products. They have a wide array of products like wool fabric, double face wool fabric, yarns, merino wool, alpaca fabric, and mohair yarn, among many others.

Shanghai Solarwool Apparel Co., Ltd is one of the market leaders, mainly manufacturing merino wool apparel. They have worked with big clothing brands like Smartwool, Pendleton, Calvin Klein, Gap, Lindex, Sugoi, and Gramicci. They specialise in OEM (original equipment manufacturing) manufacturing with superfine and pure merino wool. Their products include underwear, sports wears, and outdoor clothing.

Zhangjiagang Shepherd Inc. is a popular woo fabric garment manufacturer in China. They make various clothes like underwear, sportswear, accessories, and baby clothing. The company also works as a supply chain supplier exporting to North America, Europe, New Zealand, and Australia.

Key Highlights of the Report

Read Our Best Selling Reports:

Semiconductor Market

Textile Market

Tobacco Market

Betaines Market

Collagen Market

Hexamine Market

N-Hexane Market

Neon Gas Market

Gelatin Market

Europe BioLPG Market

China Merino Wool Market Report Snapshots

China Merino Wool Market Size

China Merino Wool Market Trend

China Merino Wool Market Analysis

China Merino Wool Market Regional Analysis

China Merino Wool Companies