Look back through many countries' heritage and you will notice that the wool trade has had quite an impact, whether it's for making clothes or bedding, this is an industry with a lot of history.
In Europe in particular the love of woollen garments has continued to present day, so much so that there are major events such as Wool Week helping to celebrate its tremendous impact on fashion, culture and business.
Wool is not just being appreciated in Europe as buyers from around the world are snapping up fine quality expensive clothing to take back to their home countries.
Head of promotion at international company Woolmark, Rob Langtry explained this week to ABC Local that the market was improving and over three years the wool price had lifted by 20 per cent.
This is largely down to the high street incorporating it into major collections which appeal not only to domestic consumers but also people visiting.
"The level of shopping in places like Milan, Paris and London is not so much about domestic markets, but about this global consumer," Mr Langtry said.
While speaking at the launch of Woolmark design winner Christian Wijnants' clothing line in Sydney he went on to say that during a recent trip to an upmarket department store in Italy "half the people there are either Chinese or Russian and they're inbound tourists using this opportunity to pick up product".
Autumn and winter are great seasons to incorporate more wool into your wardrobe and with such a variety of trends around you're really spoilt for choice.
Popular shades at the minute include blush pink and deep rich raspberry so why not try to make a jumper featuring yarns of these colours?
Give this slip stitch sweater pattern a go and use shades of your choice to ensure it works well within your winter wardrobe. Designed by Sarah Hatton it uses the luxurious yarn Lima and features deep rib collar and edgings and slip stitch detail to the yoke and cuffs.