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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 Report Snapshots
China Merino Wool Market Trend
China Merino Wool Market Analysis
China Merino Wool Market Regional Analysis
*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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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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