On April 29, 2026, the international wool market situation reported new trends. The global supply of high-quality Australian wool and Merino wool continued to shrink, and the industry's shortage pattern continued. Prices in the eastern market of the Australian Wool Exchange have risen steadily, rising sharply year-on-year and setting a new high for the same period in recent years.
The upstream Australian pasture breeding capacity has shrunk, the slaughter volume has decreased, and the supply of natural high-quality fine wool has been limited; the demand for Merino wool combined with outdoor sports and light luxury clothing continues to heat up, and the mismatch between supply and demand has further pushed up the wool price center. Domestic wool yarn quotations across Australia have remained stable. The raw material cost side has formed a rigid support for the entire wool spinning industry chain. The market resilience of high-end worsted wool yarn and knitted wool has been significantly enhanced.
Industry analysts believe that it is difficult to increase global wool production in the short term, and the high and strong market will continue. Wool spinning enterprises need to rationally plan raw material stockings, optimize product ratios, smoothly respond to raw material price fluctuations, and stabilize the pace of production and order taking.