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a domesticated South American , Lama pacos, having long, soft, silky fleece, related to the llama and believed to be a variety of the guanaco.
the fleece of this animal.
a fabric or yarn made of it.
a glossy, commonly black woolen fabric with cotton warp.
a crepe fabric made of rayon and acetate yarn in imitation of alpaca wool cloth.
Contemporary Examples

Peruvians have been wearing knits made of alpaca fiber for centuries.
Put Down That Cashmere. There’s a New Luxury Wool in Town Ann Binlot December 1, 2013

And it was fur of every variety: brushed mohair, alpaca, ponyhair, and astrakhan.
Battle of the Giant Furry Mittens: Wang v. Altuzarra Isabel Wilkinson February 9, 2013

Historical Examples

Here are three samples: one called brilliantine; and another, alpaca; the third, mohair.
Clothing and Health Helen Kinne

A drab sack-coat of alpaca hung, unbuttoned, down to his knees.
Lord Jim Joseph Conrad

alpaca, Vicuna and Llama wools are from different species of American goats.
Vegetable Dyes Ethel M. Mairet

Mohair and alpaca noils are obtained by the combing of these materials.
Textiles William H. Dooley

Wool is the soft, curly covering which forms the fleecy coat of the sheep and similar animals, such as the goat and alpaca.
Textiles William H. Dooley

The alpaca is smaller than the llama, and somewhat resembles the sheep.
The Western World W.H.G. Kingston

alpaca Wool is the fleece of the Peruvian sheep, which is a species of llama.
Textiles William H. Dooley

Hair is obtained from the angora goat, the camel, and alpaca.
Clothing and Health Helen Kinne

noun
a domesticated cud-chewing artiodactyl mammal, Lama pacos, closely related to the llama and native to South America: family Camelidae. Its dark shaggy hair is a source of wool
the cloth made from the wool of this animal
a glossy fabric simulating this, used for linings, etc
noun
a type of nickel silver used in jewellery
n.

1792, from Spanish alpaca, probably from Aymara allpaca, related to Quechua p’ake “yellowish-red.” The al- is perhaps from influence of Arabic definite article (see almond). Attested in English from 1753 in the form pacos.