The global wool yarn market is growing by four per cent a year. The increasing preference for upholstery fabrics among consumers to enhance the appearance of their home interiors is creating a lucrative impact on the wool yarn market, as wool yarn is used in the manufacturing of curtains, carpets etc. Owing to this, textile manufacturers are demanding raw materials such as wool yarn. Thus the growing textile industry is acting as an influencing factor for the global wool yarn market.

Increasing disposable income and per capita consumer spending on clothing and other textiles, coupled with the growing youth inclination toward fashion trends, has escalated the consumption of wool yarn.

Growing retail sales infrastructure, such as malls, is creating a positive influence on the wool yarn market, while the increased penetration of online retailing in the clothing sector is indirectly driving market growth.

Easy availability of raw wool in countries such as Australia and New Zealand is driving wool yarn production in these regions.

India is working on persuading growers to focus on wool production than meat production. Production in such countries is further backed by the availability of cheap labor. Hence a considerable amount of wool yarn produced in India is exported to international markets.