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Australia - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Australia - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jan 28, 2024

Australia's November 2023 Woolen Yarn Import Declines by 2% to $1.7M

Australia Woolen Yarn Imports

In November 2023, approximately 158 tons of yarn of wool were imported into Australia; approximately reflecting October 2023. In general, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in March 2023 with an increase of 20% month-to-month.

In value terms, woolen yarn imports shrank to $1.7M (IndexBox estimates) in November 2023. Overall, imports, however, showed a perceptible slump. The most prominent rate of growth was recorded in August 2023 with an increase of 28% against the previous month.Australia Woolen Yarn Imports By Country (Thousand USD)

COUNTRYImport Value of Woolen Yarn in Australia (thousand USD)
Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023
New Zealand1,2061,1979479031,0231,103595887555766463657844
India25112019444.281.416921021813.4374325143167
China685792511739863837605698644383614640159
Others926482294568526299500303402544455309551
Total3,0692,5921,9472,2532,4942,4081,9102,1071,6142,0671,8561,7481,720

Imports by Country

In November 2023, New Zealand (107 tons) constituted the largest woolen yarn supplier to Australia, accounting for a 68% share of total imports. Moreover, woolen yarn imports from New Zealand exceeded the figures recorded by the second-largest supplier, India (9.8 tons), more than tenfold.

From November 2022 to November 2023, the average monthly rate of growth in terms of volume from New Zealand amounted to -3.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (-6.9% per month) and China (-11.5% per month).

In value terms, New Zealand ($844K) constituted the largest supplier of woolen yarn to Australia, comprising 49% of total imports. The second position in the ranking was held by India ($167K), with a 9.7% share of total imports.

From November 2022 to November 2023, the average monthly rate of growth in terms of value from New Zealand amounted to -2.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (-3.4% per month) and China (-11.5% per month).

Imports by Type

In November 2023, yarn of carded wool, not put up for retail sale (119 tons) constituted the largest type of woolen yarn supplied to Australia, with a 76% share of total imports. Moreover, yarn of carded wool, not put up for retail sale exceeded the figures recorded for the second-largest type, yarn of combed wool, not put up for retail sale (23 tons), fivefold.

From November 2022 to November 2023, the average monthly rate of growth in terms of the volume of import of yarn of carded wool, not put up for retail sale totaled +1.2%. With regard to the other supplied products, the following average monthly rates of growth were recorded: yarn of combed wool, not put up for retail sale (-14.0% per month) and yarn of wool or of fine animal hair, put up for retail sale (-6.0% per month).

In value terms, yarn of carded wool, not put up for retail sale ($958K) constituted the largest type of woolen yarn supplied to Australia, comprising 56% of total imports. The second position in the ranking was taken by yarn of combed wool, not put up for retail sale ($403K), with a 23% share of total imports.

Import Prices by Country

In November 2023, the woolen yarn price stood at $10,911 per ton (CIF, Australia), waning by -2.2% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 15% against the previous month. As a result, import price reached the peak level of $13,806 per ton. From March 2023 to November 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($21,839 per ton), while the price for Portugal ($7,766 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the woolen yarn market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
  • Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
  • Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.

Country coverage:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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