India is the seventh-largest producer of wool and accounts for nearly 2 per cent of total world production. The global textile and clothing trade was estimated to reach US$ 691 billion in 2011, representing a growth rate of 5.45 per cent for the period 2006 to 2011.
India has the third largest sheep population in the world with 71 million sheep. The annual wool production is in the range of 43-46 million kg.
The wool textile industry in India is poised to grow at a healthy rate. A higher rate of technology penetration into this industry, coupled with government incentives and other capacity-building initiatives have resulted in increased exports, besides stimulating domestic consumption.
Key Markets and Export Destinations
The US and the EU markets are the key destinations for Indian wool and wool-blended products and are the key drivers for the growth of Indian wool exports. Indian exporters are also geographically diversifying their exports to other regions such as Middle East, Latin America, Southeast Asia and East Asia to increase their footprint in global markets.
The export of wool and wool-blended products (readymade garment wool, woollen yarn, fabrics and made-ups) for 2011-12 was US$ 508 million,
Wool Industry Export Promotion Council (WOOLTEXPRO)
WOOLTEXPRO is an autonomous non-profit export promotion council sponsored by the Ministry of Textiles. It has become the international face of Indian woolen textiles by facilitating exports successfully.
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