Global price of Wool, Fine
This dataset tracks global price of wool, fine over time.
Latest Value
986.66
Year-over-Year Change
4.53%
Date Range
1/1/1990 - 6/1/2025
Summary
The Global price of Wool, Fine is an important economic indicator that tracks the average market price of fine-quality wool traded globally. It provides insights into the supply and demand dynamics of this key textile commodity.
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, Fine represents the monthly average unit value of fine-quality wool exports across major producing and trading countries. It is widely used by economists, policymakers, and industry participants to analyze trends in the global wool market and make informed decisions.
Methodology
The data is collected by international organizations through surveys of wool exporters and importers.
Historical Context
Wool price movements can impact textile manufacturing, consumer demand, and trade policies.
Key Facts
- Wool is a natural, renewable fiber used in clothing, carpets, and other textiles.
- Australia is the world's largest producer and exporter of fine wool.
- Wool prices can be influenced by factors like weather, flock sizes, and consumer trends.
FAQs
Q: What does this economic trend measure?
A: The Global price of Wool, Fine measures the average monthly unit value of fine-quality wool traded internationally.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the global supply and demand dynamics of a key textile commodity, which can impact manufacturing, trade, and consumer markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys of major wool exporters and importers by international statistical agencies.
Q: How is this trend used in economic policy?
A: Wool price movements can influence trade policies, textile industry regulations, and consumer-focused economic decisions.
Q: Are there update delays or limitations?
A: The data may have a 1-2 month reporting lag, and only reflects fine-quality wool exports, not the full domestic wool market.
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Citation
U.S. Federal Reserve, Global price of Wool, Fine (PWOOLFUSDM), retrieved from FRED.