Global price of Wool, Coarse
This dataset tracks global price of wool, coarse over time.
Latest Value
939.61
Year-over-Year Change
3.84%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global Price of Wool, Coarse tracks the international market price for unprocessed, low-quality wool. This key metric provides insight into global commodity trends and the state of the global textile industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Global Price of Wool, Coarse reflects the market price for unrefined, lower-grade wool used in a variety of textile applications. This benchmark is closely monitored by economists, industry analysts, and policymakers to gauge the health of the global wool trade and broader textile manufacturing.
Methodology
This series is calculated based on market data reported by international wool trading exchanges.
Historical Context
Trends in the Global Price of Wool, Coarse can influence decisions around agricultural policy, trade, and investment in the textile sector.
Key Facts
- Wool is a natural, biodegradable textile fiber.
- Coarse wool is used in carpets, blankets, and lower-end clothing.
- Global wool production is centered in Australia, New Zealand, and China.
FAQs
Q: What does this economic trend measure?
A: The Global Price of Wool, Coarse tracks the international market price for unprocessed, low-quality wool used in textile manufacturing.
Q: Why is this trend relevant for users or analysts?
A: This benchmark provides insight into global commodity markets and the health of the textile industry, which is useful for economists, policymakers, and industry participants.
Q: How is this data collected or calculated?
A: The series is calculated based on market data reported by international wool trading exchanges.
Q: How is this trend used in economic policy?
A: Trends in the Global Price of Wool, Coarse can influence decisions around agricultural policy, trade, and investment in the textile sector.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the international wool trading exchanges.
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Citation
U.S. Federal Reserve, Global price of Wool, Coarse (PWOOLCUSDM), retrieved from FRED.