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Top 4 Companies Dominating the China Merino Wool Market Landscape

Top Merino Wool Companies in China

Insights

MERINOTEX, Jiangsu Unitex Co., Ltd, Shanghai Solarwool Apparel Co., Ltd, and Zhangjiagang Shepherd Inc. among others, are the major players in the China merino wool market.

The China merino wool 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. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing demand for sustainable fabrics.

Merino wool is made from Merino sheep using sustainable farming practices, majorly in Australia. Merino wool is referred to as a natural fibre that is grown throughout the year. Typically, Merino wool is less than 22 micron, making it a soft premium fibre.

As per China merino wool market analysis, Australia produces about 81% of the world’s superfine merino wool. The growing importance of sustainability in textile and fashion industries across China resulted by the increased awareness in environmental and social impacts of raw material sourcing and manufacturing is supporting the adoption of Merino wool.

Reportedly, China is the major customer of Australian merino wool from Australia, purchasing about 80% of all Australian wool for processing, with about 50% of that wool being bought at retail in China.

The government of China’s shift in economic policy (14th Five-Year Plan (2021-2025) and textile industry strategy is a key factor driving the adoption of sustainable fashion and subsequently China merino wool market growth. The government of China aims to develop an economic system of green, low-carbon and circular development. China has set goals of peaking carbon dioxide emissions by 2030 and also attaining carbon neutrality before 2060.

Table: Major Countries Exporting Wool to China: 2022

Major Countries Exporting Wool to China: 2022

In August 2024, Allbirds Inc, a company engaged in developing textiles made with eucalyptus fibers and Merino wool announced the appointment of Belle Fashion Group as its exclusive distributor and licensee in mainland China, Macau and Taiwan, effective June 28th.

Top 4 Merino Wool Companies in China:

MERINOTEX

Headquarters: Shanghai, China
Establishment: 1852
Website: www.merinotex.com

Based in China, the company is a professional merino wool manufacturer. The company majorly focuses on merino shoes, merino wool yarn, merino wool socks, merino wool fabric, and merino wool clothing such as merino base layer, merino wool thermals, merino underwear, etc. The company produces merino wool yarn in specifications of 90nm/2, 60nm/1, 80nm/2, 70nm/2, 48nm/2, 60nm/2, 40nm/1, 72nm/2, 32nm/2, 28nm/2 etc.

Jiangsu Unitex Co., Ltd

Headquarters: Jiangsu, China
Website: www.unitex-factory.com/unitex

UNITEX is a manufacturer based in China, providing woven or knitted woollen fabric, 100% wool fabric, double face wool fabric, boiled wool, merino wool, melton, mohair or Alpaca fabric, Chanel tweed fabric, wool blanket, fancy woollen yarns, boucle yarns, celandic yarns, mohair yarns, etc. The company has an annual production capacity of about 2 million meters of woollen fabrics and about 2000 tons of fancy yarns.

Shanghai Solarwool Apparel Co.,Ltd

Headquarters: Jiangsu Province, China
Establishment: 2010
Website: www.solarwool.com

Shanghai Solarwool Apparel Co.,Ltd is engaged in the production and sales of wool machine washable fabrics, wool underwear, and wool outdoor sportswear. The company has the presence of production factory in Zhangjiagang City, Suzhou, Jiangsu Province, the wool production, and processing base. The factory floor area is of 5000 square meters with over 200 professional and technical personnel and production workers.

Zhangjiagang Shepherd Inc.

Headquarters: Jiangsu Province, China
Website: en.luckywool.com.cn

Zhangjiagang Shepherd Inc. is a garment manufacturer engaged in in the production of wool and cashmere products (including wool/cashmere/silk/Angola wool/mohair/camel/alpaca). The company’s annual export volume amounts to about USD 50 million. The major customers of the company are The North Face,Kari Traa, Bergans,Macpac,Fjallraven,Ullmax,Asnes,Bula, Johaug,B/Daehlie, Namuk, etc.

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