The demand for wool has decreased due to several factors, including the rise of synthetic fibers, which are often cheaper and more versatile. Additionally, changing consumer preferences towards more sustainable and animal-friendly materials have led to a decline in wool's popularity. The fashion industry's shift towards casual and athleisure wear, where wool is less commonly used, has also contributed to this trend. Lastly, fluctuations in global markets and increased competition from alternative materials have further impacted wool demand.
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