Price for Wool, Not Carded or Combed in Pakistan - 2023
Contents:
- Price for Wool, Not Carded or Combed in Pakistan (CIF) - 2023
- Price for Wool, Not Carded or Combed in Pakistan (FOB) - 2022
- Imports of Wool, Not Carded or Combed in Pakistan
- Exports of Wool, Not Carded or Combed in Pakistan
Price for Wool, Not Carded or Combed in Pakistan (CIF) - 2023
In February 2023, the average import price for wool, not carded or combed amounted to $1,068 per ton, which is down by -65.3% against the previous month. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 129% against the previous month. Over the period under review, average import prices reached the maximum at $3,222 per ton in February 2022; however, from March 2022 to February 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($3,042 per ton), while the price for Afghanistan ($835 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Kuwait (+90.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool, Not Carded or Combed in Pakistan (FOB) - 2022
The average export price for wool, not carded or combed stood at $1,146 per ton in 2022, with an increase of 49% against the previous year. Overall, the export price, however, saw a pronounced shrinkage. The export price peaked at $2,404 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($1,943 per ton), while the average price for exports to the United Arab Emirates ($1,008 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.6%), while the prices for the other major destinations experienced a decline.
Imports of Wool, Not Carded or Combed in Pakistan
Wool, not carded or combed imports into Pakistan soared to 2.4K tons in 2022, growing by 296% against the year before. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, wool, not carded or combed imports soared to $3.1M in 2022. Overall, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wool, Not Carded or Combed in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1,094 | 877 | 494 | 1,495 | 11.0% |
| New Zealand | 247 | 201 | 361 | 666 | 39.2% |
| Australia | 733 | 172 | 158 | 645 | -4.2% |
| Afghanistan | 275 | 106 | 60.3 | 268 | -0.9% |
| Others | 36.5 | 46.9 | 203 | 18.7 | -20.0% |
| Total | 2,385 | 1,403 | 1,276 | 3,093 | 9.1% |
Top Suppliers of Wool, Not Carded or Combed to Pakistan in 2022:
- Saudi Arabia (1580.1 tons)
- New Zealand (452.9 tons)
- Australia (322.9 tons)
- Afghanistan (78.8 tons)
Exports of Wool, Not Carded or Combed in Pakistan
In 2022, shipments abroad of wool, not carded or combed decreased by -77.8% to 149 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2020 with an increase of 44%.
In value terms, wool, not carded or combed exports shrank sharply to $170K in 2022. Overall, exports faced a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 22%. As a result, the exports reached the peak of $516K, and then fell significantly in the following year.
| Export of Wool, Not Carded or Combed in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 283 | 192 | 361 | 122 | -24.5% |
| United Kingdom | 23.1 | 69.9 | 85.1 | 28.8 | 7.6% |
| Lithuania | 24.9 | 26.2 | 55.9 | 18.9 | -8.8% |
| India | 81.1 | N/A | N/A | N/A | 0% |
| Indonesia | 56.0 | 32.6 | N/A | N/A | -41.8% |
| Tunisia | N/A | 96.3 | N/A | N/A | 0% |
| Others | 15.1 | 6.7 | 14.0 | N/A | -3.7% |
| Total | 483 | 423 | 516 | 170 | -29.4% |
Top Export Markets for Wool, Not Carded or Combed from Pakistan in 2022:
- United Arab Emirates (121.4 tons)
- United Kingdom (17.4 tons)
- Lithuania (9.8 tons)
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