| Product Code: ETC236664 | Publication Date: Aug 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
India`s wool import market in 2024 continued to be dominated by key exporting countries such as New Zealand, China, Syria, Turkey, and the UK. The market concentration, as indicated by the Herfindahl-Hirschman Index (HHI), remained high, reflecting the strong presence of these top exporting nations. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a healthy 7.98%, demonstrating sustained growth momentum. Additionally, the growth rate from 2023 to 2024 was recorded at 1.55%, signaling a steady expansion in India`s wool import shipments.
Wool is an essential part of India textile industry, contributing to the production of warm clothing and various textiles. India has a long history of wool production and processing, and the wool market remains a significant segment of the country`s textile and fashion industries. Wool is prized for its warmth, comfort, and versatility, making it an enduring choice for a range of products. The wool market in India is shaped by both domestic production and imports, with a focus on quality and sustainability to meet the diverse needs of consumers.
The India wool market is driven by a combination of factors, including the country`s rich textile heritage and its growing fashion industry. The increasing demand for high-quality woolen products, especially in the cold regions of Northern India, drives the market. The global fashion industry`s focus on sustainability and natural fibers also contributes to the market`s growth.
The India wool market faces challenges related to animal welfare concerns and competition from synthetic fibers. The production of wool is heavily dependent on sheep farming, and concerns about animal welfare have led to calls for more sustainable and humane farming practices. These practices can sometimes increase the cost of wool production. Moreover, synthetic fibers have gained popularity in the textile industry due to their cost-effectiveness and ease of production. The wool market must compete with these synthetic alternatives and adapt to changing consumer preferences for sustainable and eco-friendly textiles.
The wool market faced challenges as the fashion industry saw reduced demand during the pandemic. Lockdowns and economic uncertainties affected consumer spending on wool products.
In the India Wool Market, several established players are prominent, including Vardhman Textiles Limited, Raymond Limited, S. Kumars Nationwide Limited, and Arvind Limited. These companies are key contributors to the textile industry in India, producing high-quality woolen products and garments, catering to domestic and international markets.
1 Executive Summary  | 
2 Introduction  | 
2.1 Key Highlights of the Report  | 
2.2 Report Description  | 
2.3 Market Scope & Segmentation  | 
2.4 Research Methodology  | 
2.5 Assumptions  | 
3 India Wool Market Overview  | 
3.1 India Country Macro Economic Indicators  | 
3.2 India Wool Market Revenues & Volume, 2021 & 2031F  | 
3.3 India Wool Market - Industry Life Cycle  | 
3.4 India Wool Market - Porter's Five Forces  | 
3.5 India Wool Market Revenues & Volume Share, By Source, 2021 & 2031F  | 
3.6 India Wool Market Revenues & Volume Share, By Type, 2021 & 2031F  | 
3.7 India Wool Market Revenues & Volume Share, By Application, 2021 & 2031F  | 
4 India Wool Market Dynamics  | 
4.1 Impact Analysis  | 
4.2 Market Drivers  | 
4.2.1 Increasing demand for woolen products in India due to changing fashion trends and preferences.  | 
4.2.2 Growth in the textile industry in India leading to higher consumption of wool for manufacturing garments.  | 
4.2.3 Rising disposable income and urbanization driving the demand for premium wool products.  | 
4.3 Market Restraints  | 
4.3.1 Fluctuating raw material prices impacting the cost of production in the wool industry.  | 
4.3.2 Competition from synthetic fibers affecting the market share of wool products.  | 
4.3.3 Seasonal variations in demand for woolen products impacting overall sales.  | 
5 India Wool Market Trends  | 
6 India Wool Market, By Types  | 
6.1 India Wool Market, By Source  | 
6.1.1 Overview and Analysis  | 
6.1.2 India Wool Market Revenues & Volume, By Source, 2021-2031F  | 
6.1.3 India Wool Market Revenues & Volume, By Merino Wool, 2021-2031F  | 
6.1.4 India Wool Market Revenues & Volume, By Peruvian Highland Wool, 2021-2031F  | 
6.1.5 India Wool Market Revenues & Volume, By Teeswater Wool, 2021-2031F  | 
6.1.6 India Wool Market Revenues & Volume, By Shetland Wool, 2021-2031F  | 
6.1.7 India Wool Market Revenues & Volume, By Cashmere Wool, 2021-2031F  | 
6.1.8 India Wool Market Revenues & Volume, By others, 2021-2031F  | 
6.2 India Wool Market, By Type  | 
6.2.1 Overview and Analysis  | 
6.2.2 India Wool Market Revenues & Volume, By Fine wool (? 25 ), 2021-2031F  | 
6.2.3 India Wool Market Revenues & Volume, By Medium wool (25 to 35 ), 2021-2031F  | 
6.2.4 India Wool Market Revenues & Volume, By Coarse wool (? 35 ), 2021-2031F  | 
6.3 India Wool Market, By Application  | 
6.3.1 Overview and Analysis  | 
6.3.2 India Wool Market Revenues & Volume, By Apparels, 2021-2031F  | 
6.3.3 India Wool Market Revenues & Volume, By Interior Textiles, 2021-2031F  | 
7 India Wool Market Import-Export Trade Statistics  | 
7.1 India Wool Market Export to Major Countries  | 
7.2 India Wool Market Imports from Major Countries  | 
8 India Wool Market Key Performance Indicators  | 
8.1 Average selling price (ASP) of wool products in India.  | 
8.2 Number of wool processing units in operation.  | 
8.3 Percentage of wool imports in India's total wool consumption.  | 
9 India Wool Market - Opportunity Assessment  | 
9.1 India Wool Market Opportunity Assessment, By Source, 2021 & 2031F  | 
9.2 India Wool Market Opportunity Assessment, By Type, 2021 & 2031F  | 
9.3 India Wool Market Opportunity Assessment, By Application, 2021 & 2031F  | 
10 India Wool Market - Competitive Landscape  | 
10.1 India Wool Market Revenue Share, By Companies, 2024  | 
10.2 India Wool Market Competitive Benchmarking, By Operating and Technical Parameters  | 
11 Company Profiles  | 
12 Recommendations  | 
13 Disclaimer  |