New Zealand Wool Exports 2026 Market Overview & Trends

New Zealand's wool exports showed a recovery in 2024, reaching $179.9 million from a 2023 low of $152.5 million. Although quantity increased to 64.9 million units, the market has yet to return to the 2021 peak of $187.7 million, indicating fluctuating global demand over the five-year period.

In 2024, India emerged as the primary destination for New Zealand wool, with an import value of $39.7 million. China followed closely at $34.5 million. Together, these two markets dominate the export landscape, significantly outpacing other key partners like Australia and the United Kingdom.

Italy leads emerging growth with a significant 38.6% increase, followed by China at 31.1%. High growth in established markets like India (21%) and new interest from Germany and Lithuania highlight a diversifying demand base for premium wool products globally.

Shorn degreased wool is the dominant export product, accounting for $164.1 million in 2024. Other categories, such as carded wool yarn ($10 million), represent smaller niche segments. The data underscores a heavy reliance on raw material exports over processed textiles.