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China - Wool - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Sep 2, 2023

China's Wool Imports Plummet in June 2023, Reaching a Mere $5.3M.

China Wool Imports

In June 2023, approximately 2.7K tons of wool were imported into China; which is down by -40.9% on May 2023. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in May 2023 with an increase of 51% month-to-month.

In value terms, wool imports declined dramatically to $5.3M (IndexBox estimates) in June 2023. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in May 2023 when imports increased by 78% month-to-month. China Wool Imports By Country (Thousand USD)

COUNTRY	Import Value of Wool in China (thousand USD)
COUNTRY	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023
New Zealand	3,767	3,738	2,187	2,994	2,101	1,597	1,443	1,670	1,672	2,050	2,120	2,595	3,440
United Kingdom	1,129	893	510	981	798	231	467	138	492	1,568	631	2,225	864
Turkey	349	502	475	385	192	143	305	563	387	878	361	639	227
Algeria	276	146	108	102	165	119	59.7	148	59.7	70.4	269	70.5	131
Kazakhstan	489	602	832	693	706	616	79.2	271	23.8	22.2	N/A	118	127
Mongolia	2,284	4,921	1,932	2,762	1,949	2,351	1,494	2,525	1,030	619	728	330	126
Russia	385	575	182	116	74.9	257	41.9	N/A	172	46.7	107	218	N/A
Others	1,206	536	761	908	214	1,061	1,075	713	609	1,135	718	2,579	402
Total	9,885	11,912	6,986	8,942	6,201	6,375	4,966	6,028	4,444	6,390	4,935	8,777	5,317

Imports by Country

In June 2023, New Zealand (1.6K tons) constituted the largest supplier of wool to China, with a 60% share of total imports. Moreover, wool imports from New Zealand exceeded the figures recorded by the second-largest supplier, the UK (342 tons), fivefold. The third position in this ranking was held by Algeria (157 tons), with a 5.8% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of volume from New Zealand was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the UK (-2.3% per month) and Algeria (-6.6% per month).

In value terms, New Zealand ($3.4M) constituted the largest supplier of wool to China, comprising 65% of total imports. The second position in the ranking was taken by the UK ($864K), with a 16% share of total imports. It was followed by Turkey, with a 4.3% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of value from New Zealand was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the UK (-2.2% per month) and Turkey (-3.5% per month).

Imports by Type

In June 2023, wool; (not carded or combed), degreased, (not carbonised), shorn (2.6K tons) was the main type of wool supplied to China, accounting for a 97% share of total imports. It was followed by wool; (not carded or combed), degreased, (not carbonised), (other than shorn) (51 tons), with a 1.9% share of total imports.

From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of import of wool; (not carded or combed), degreased, (not carbonised), shorn totaled -6.9%. With regard to the other supplied products, the following average monthly rates of growth were recorded: wool; (not carded or combed), degreased, (not carbonised), (other than shorn) (+8.0% per month) and wool; (not carded or combed), carbonised (+3.8% per month).

In value terms, wool; (not carded or combed), degreased, (not carbonised), shorn ($5.1M) constituted the largest type of wool supplied to China, comprising 97% of total imports. The second position in the ranking was held by wool; (not carded or combed), carbonised ($115K), with a 2.2% share of total imports.

Import Prices by Country

In June 2023, the wool price stood at $1,965 per ton (CIF, China), surging by 2.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in March 2023 an increase of 24% month-to-month. Over the period under review, average import prices reached the peak figure in June 2023.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Uruguay ($3,133 per ton), while the price for Algeria ($832 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Tunisia (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wool market in China. 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 13102200 - Wool, degreased or carbonised, not carded or combed

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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

China - Wool - Market Analysis, Forecast, Size, Trends And Insights

China's Wool Imports Plummet in June 2023, Reaching a Mere $5.3M.

China Wool Imports

Imports by Country

Imports by Type

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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