Asia-Pacific: Noils Of Wool Market 2024

Noils Of Wool Market Size in Asia-Pacific

The Asia-Pacific noils of wool market reduced to $X in 2023, stabilizing at the previous year. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then shrank modestly in the following year.

Noils Of Wool Production in Asia-Pacific

In value terms, noils of wool production amounted to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; afterwards, it flattened through to 2023.

Noils Of Wool Exports

Exports in Asia-Pacific

In 2023, overseas shipments of noils of wool or fine animal hair increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, noils of wool exports shrank to $X in 2023. Over the period under review, exports, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

China represented the key exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by India (X tons), creating a X% share of total exports. Thailand (X tons), Pakistan (X tons) and Taiwan (Chinese) (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to noils of wool exports from China stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, India (X%), Pakistan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Thailand increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest noils of wool supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In China, noils of wool exports shrank by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Noils Of Wool Imports

Imports in Asia-Pacific

After two years of growth, overseas purchases of noils of wool or fine animal hair decreased by X% to X tons in 2023. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, noils of wool imports contracted to $X in 2023. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) and Japan (X tons) represented the main importers of noils of wool or fine animal hair in Asia-Pacific, together creating X% of total imports. India (X tons) ranks next in terms of the total imports with a X% share, followed by South Korea (X%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X), China ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, India, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform