Price for Wool, Not Carded or Combed in Australia - 2023
Contents:
- Price for Wool, Not Carded or Combed in Australia (FOB) - 2023
- Price for Wool, Not Carded or Combed in Australia (CIF) - 2023
- Exports of Wool, Not Carded or Combed in Australia
- Imports of Wool, Not Carded or Combed in Australia
Price for Wool, Not Carded or Combed in Australia (FOB) - 2023
In August 2023, the average export price for wool, not carded or combed amounted to $5,491 per ton, surging by 1.6% against the previous month. Over the period under review, the export price, however, recorded a perceptible decline. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 7.5% against the previous month. The export price peaked at $7,132 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Italy ($9,554 per ton), while the average price for exports to the Czech Republic ($2,729 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+0.4%), while the prices for the other major destinations experienced a decline.
Price for Wool, Not Carded or Combed in Australia (CIF) - 2023
In August 2023, the average import price for wool, not carded or combed amounted to $2,559 per ton, growing by 9.7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 81% m-o-m. As a result, import price reached the peak level of $4,643 per ton. From January 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($4,520 per ton), while the price for New Zealand ($2,457 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.
Exports of Wool, Not Carded or Combed in Australia
In 2022, approx. 325K tons of wool, not carded or combed were exported from Australia; flattening at the previous year's figure. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, the exports reached the peak of 325K tons, leveling off in the following year.
In value terms, wool, not carded or combed exports dropped to $2.3B in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $2.3B, and then reduced modestly in the following year.
| Export of Wool, Not Carded or Combed in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,693 | 1,282 | 1,924 | 1,776 | 1.6% |
| Italy | 133 | 49.9 | 129 | 155 | 5.2% |
| India | 124 | 60.6 | 94.2 | 132 | 2.1% |
| Czech Republic | 60.6 | 43.5 | 67.2 | 44.9 | -9.5% |
| South Korea | 58.1 | 34.1 | 42.8 | 40.1 | -11.6% |
| Others | 143 | 61.3 | 78.3 | 105 | -9.8% |
| Total | 2,212 | 1,531 | 2,336 | 2,253 | 0.6% |
Top Export Markets for Wool, Not Carded or Combed from Australia in 2022:
- China (264.8K tons)
- India (20.2K tons)
- Italy (12.2K tons)
- Czech Republic (10.2K tons)
- South Korea (4.9K tons)
Imports of Wool, Not Carded or Combed in Australia
In 2022, overseas purchases of wool, not carded or combed decreased by -6.5% to 2.1K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 8.7% against the previous year.
In value terms, wool, not carded or combed imports amounted to $6.1M in 2022. Overall, imports, however, saw a relatively flat trend pattern. 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 Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 5.8 | 5.1 | 5.2 | 5.4 | -2.4% |
| China | N/A | 0.1 | N/A | 0.5 | 123.6% |
| United Kingdom | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | N/A | 0.4 | N/A | N/A | 0% |
| Total | 6.0 | 5.7 | 5.5 | 6.1 | 0.6% |
Top Suppliers of Wool, Not Carded or Combed to Australia in 2022:
- New Zealand (1845.4 tons)
- China (201.3 tons)
- United Kingdom (72.7 tons)
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