HS Code:
The 'Unimproved wool; other wool, not finer than 40s' category (often classified under HS Code 510121 or related subcategories) includes raw or minimally processed wool that has not been improved through selective breeding or other enhancement processes. This category typically encompasses wool with a coarser fiber diameter, generally not finer than 40s in the wool count system. It is primarily used in the production of carpets, blankets, and other heavy textiles where durability is prioritized over softness. This wool is traded globally, with significant production in regions with extensive sheep farming.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
International Trade Centre (ITC) Trade Map, UN Comtrade Database
$450 million USD
37.5% of total trade of total trade
Increasing
$300 million USD
25.0% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Increasing
$100 million USD
8.3% of total trade of total trade
Stable
$80 million USD
6.7% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
15% (imposed by certain developing economies to protect domestic industries)
Lowest Rate
0% (under free trade agreements like the EU-Australia trade negotiations)
Growing demand for sustainable and eco-friendly textiles
Increased interest in unimproved wool as a natural, biodegradable material, boosting trade volumes by 8% annually in key markets like Europe
2021-2022
Shift towards coarse wool for industrial applications
Rising use in insulation and automotive industries has driven a 5% increase in demand for coarser wool grades
2020-2022
Fluctuations in global sheep farming due to climate change
Adverse weather conditions in key regions like Australia have led to supply shortages, increasing prices by 10% over the past two years
2021-2023
Negotiations between Australia and the EU have progressed, with potential tariff reductions on wool exports to Europe, which could benefit the unimproved wool category.
October 2023
Expected to increase Australian wool exports to the EU by 15% over the next five years if finalized.
South Africa launched a program to promote sustainable wool farming practices, including unimproved wool, to meet growing international demand for ethical sourcing.
July 2023
Likely to enhance South Africa’s market share in eco-conscious markets like Germany and the UK by 5-7%.
Severe drought conditions in New Zealand have reduced sheep populations, leading to a temporary decline in wool exports, including coarser grades.
March 2023
Resulted in a 3% reduction in global supply, driving up prices for unimproved wool in the short term.