Report Overview

The China merino wool market report states that the market size reached a value of about 22.56 KMT 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 24.14 KMT by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

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.

 

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

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Outline the Scope

Key Questions Answered in the Report

In 2023, the market for merino wool attained a size of nearly KMT 22.56.

The market is expected to expand at a CAGR of 0.8% in 2024 and 2032.

The market is estimated to experience steady growth to reach KMT 24.14 by 2032.

The increasing spending power among the middle-class population and the rapidly developing clothing industry are the key driving factors in the market.

Increasing demand for sustainable clothing with the rising environmental awareness of people is the major trend followed in the market.

The major regions in the industry are North America, the Asia Pacific, Europe, Africa, Latin America, and the Middle East.

The types in the market include worsted and woollen.

Plain and twill are the different price categories available in the market.

The different applications in the market include woven and knit.

The end-users in the market include apparel and home textile.

The major players in the industry include MERINOTEX, Jiangsu Unitex Co., Ltd., Shanghai Solarwool Apparel Co., Ltd, and Zhangjiagang Shepherd Inc., among others.

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