Wool and hair: waste of wool or of fine animal hair, including yarn waste, but excluding garnetted stock and noils of wool or of fine animal hair

In 2024, wool and hair: waste of wool or of fine animal hair, including yarn waste, but excluding garnetted stock and noils of wool or of fine animal hair trade exhibited significant decline, with global flows reaching $8,863,504 and a three-year compound annual growth rate of -16.1% (five-year: -20.3%). The all-time peak of $54,485,060 was recorded in 1997; the current level is 84% below that high-water mark.

Over the 30-year observation window (1995–2024), 38% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-4.1% acceleration).

The World Trade Flows Characterization classifies wool and hair: waste of wool or of fine animal hair, including yarn waste, but excluding garnetted stock and noils of wool or of fine animal hair as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.111). The three largest exporters — United Kingdom ($3.8M), Italy ($1.5M), and Hong Kong ($1.2M) — collectively dominate supply flows. The leading exporter has grown at +1.6% over the last three years.

On the demand side, importer concentration is moderately concentrated (HHI 0.162). The three largest import markets are Italy ($3.1M), China ($1.2M), and India ($642.4K). The largest importing market sources from 22 different supplying countries.

Estimated substitution elasticity: -13.44. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is United Kingdom → Italy at $1.5M, representing 48.6% of the importer's total demand.

The volatility score for wool and hair: waste of wool or of fine animal hair, including yarn waste, but excluding garnetted stock and noils of wool or of fine animal hair is 19 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.