The China merino wool market report states that the market size reached a value of about KMT 22.2 in 2021. It is expected to expand further at a CAGR of roughly 0.8% in the forecast period of 2023-2028. The market size will be around KMT 23.2 by 2027.
In October 2021, Victoria Beckham, a British Fashion brand, collaborated with The Woolmark Company and an Australian company to design sustainable and traceable knitwear with merino wool. This collection of clothes will include sweaters, cardigans, and knitted accessories.
The clothes are made of 100% Merino wool, acquired directly from Australian woolgrowers.
In October 2021, Levi’s and The Woolman Company entered a collaboration to introduce a new sustainable boot design, which is more performance-centred and has a lower environmental impact. The boot will be made of merino wool.
The utilisation of merino wool in the boot will highlight the benefits of the fibre, its versatility, and its sustainable nature. This will make help in promoting wool as an eco-friendly apparel material.
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.
Based on type, the market can be segmented into Worsted and Woollen. Based on the Weave type, it can be bifurcated into plain and twill. Based on application, the market segments include woven and knit.
Based on end-users, the market can be segmented into apparel and home textile. The apparel in the market can be further segmented into sports and active wear, formal wear, and casual wear, among others.
The regional markets for the merino wool market can be divided into North America, the Asia Pacific, Europe, Africa, Latin America, and the Middle East. The extensive EMR report provides an in-depth evaluation of the market based on Porter's five forces model and a SWOT analysis
The merino wool market report comprehensively analyses key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
Based on types, the market for merino wool includes worsted and woollen. The worsted merino wool is one of the market's most luxurious types of wool yarn.
The premium apparels made of yarn are in high demand. The worsted yarns are light and soft to touch. They are used to make suits, carpets, clothing, and gloves, among others.
The woollen merino wool is the uneven and less soft yarn formed from fabrics. This is the more common type of yarn found in the market.
Plain weave fabric is one of the most basic types of textile weaves. They do not tangle easily but tend to wrinkle quickly and have less absorbent quality. It is used for a variety of things like canvas and blankets, muslins, and chiffons. It can be recognised by its checkerboard-like pattern.
Twill weave is also one of the fundamental weave styles, along with plain weave and satin. This type of weave, unlike plain weave, has two distinct sides, with the front side having a darker colour and a light-coloured back.
It is durable and wears less while having good wrinkle resistance. Denim, chinos, and upholstery are some of the end-uses of twill weave.
Based on application, the market segments include woven and knit. Woven fabric is any textile formed by weaving two sets of yarns. This makes almost all the fabrics, from jeans to sundresses, woven fabric. Compared to knitted fabrics, woven fabrics do not stretch that easily, giving them a longer lifespan.
The knitted fabric is made of one yarn, like hand knitting. The textile is created by a single thread that is weaved with a needle to create loops.
They are wrinkle-free, lightweight, and comfortable to wear, making them popular as travel clothing. Knitted fabric is used to make numerous types of clothes, including t-shirts, sportswear, swimwear, and sweaters, among others.
The apparel segment is the leading user of wool in the market, and it has been used for years. Environmental awareness is spreading among people and wool’s eco-friendly properties are a major factor helping the expansion of the clothing market.
But its flexibility and durability, combined with its fire-resistant properties, makes wool suitable for many purposes.
Wool has been a popular choice as a home textile for making blankets, carpets, towels, and sheets, among others, owing to its insulation and absorption characteristics.
The Asia Pacific region is expected to lead the market during the forecast period. This can be attributed to the developing economy of nations like India and China, which are also the most populous countries.
The rising industrialisation and urbanisation among the growing middle-class population indicate the increased spending power of people. These factors are key factors for market expansion.
Moreover, China, India, and Japan are some of the top importers of merino wool, while China also has a large market share in exporting merino wool.
Australia is the largest producer of merino wool, owing to a large number of sheep farmers. But, due to the fluctuating prices of sheep wool, meat, and other products, the development has been weak in the past few years.
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.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type||
|Breakup by Weave Type||
|Breakup by Application||
|Breakup by End Use||
|Breakup by Region||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Merino Wool Market Overview
8.1 Key Industry Highlights
8.2 Global Merino Wool Historical Market (2018-2022)
8.3 Global Merino Wool Market Forecast (2023-2028)
8.4 Global Merino Wool Market by Region
8.4.1 North America
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 China Merino Wool Market Analysis
9.1 Key Industry Highlights
9.2 China Merino Wool Historical Market (2018-2022)
9.3 China Merino Wool Market Forecast (2023-2028)
9.4 China Merino Wool Market by Type
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
9.5 China Merino Wool Market by Weave Type
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
9.6 China Merino Wool Market by Application
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
9.7 China Merino Wool Market by End Use
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Breakup by Type
18.104.22.168.1 Sports and Active Wear
22.214.171.124.2 Formal Wear
126.96.36.199.3 Casual Wear
9.7.2 Home Textile
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.2 Jiangsu Unitex Co., Ltd
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.3 Shanghai Solarwool Apparel Co.,Ltd
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.4 Zhangjiagang Shepherd Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13 Industry Events and Developments
List of Key Figures and Tables
1. China Merino Wool Market: Key Industry Highlights, 2018 and 2028
2. China Merino Wool Historical Market: Breakup by Type (USD Million), 2018-2022
3. China Merino Wool Market Forecast: Breakup by Type (USD Million), 2023-2028
4. China Merino Wool Historical Market: Breakup by Weave Type (USD Million), 2018-2022
5. China Merino Wool Market Forecast: Breakup by Weave Type (USD Million), 2023-2028
6. China Merino Wool Historical Market: Breakup by Application (USD Million), 2018-2022
7. China Merino Wool Market Forecast: Breakup by Application (USD Million), 2023-2028
8. China Merino Wool Historical Market: Breakup by End Use (USD Million), 2018-2022
9. China Merino Wool Market Forecast: Breakup by End Use (USD Million), 2023-2028
10. China Merino Wool Market Structure
In 2021, the market for merino wool attained a size of nearly KMT 22.2.
The market is expected to expand at a CAGR of 0.8% in 2023 and 2028.
The market is estimated to experience steady growth to reach KMT 23.2 by 2027.
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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