UK wool marketWool is clearly a profitable business in the UK, as the manufacturers’ sales value of combed wool in the UK has steadily increased within the last ten years, until falling in 2020. Combed wool and fine hair reached an all time high in 2019, where it was valued at over 84 million British pounds. In addition to this, the sales volume of combed wool has increased and decreased correspondingly.
The export value of wool from the UK has decreased in recent years, but picked up slightly in 2022. Despite this decrease, the export value of wool yarns from the UK had managed to remain stable until 2020. In 2020, the import value of wool or fine animal hair to the UK generated about 3.6 million British pounds.