Price for Wool; (Not Carded or Combed), Carbonised in the United States - 2023

Contents:

  1. Price for Wool; (Not Carded or Combed), Carbonised in the United States (CIF) - 2022
  2. Price for Wool; (Not Carded or Combed), Carbonised in the United States (FOB) - 2022
  3. Imports of Wool; (Not Carded or Combed), Carbonised in the United States
  4. Exports of Wool; (Not Carded or Combed), Carbonised in the United States

Price for Wool; (Not Carded or Combed), Carbonised in the United States (CIF) - 2022

In 2022, the average import price for wool; (not carded or combed), carbonised amounted to $5,473 per ton, increasing by 1.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 31% against the previous year. The import price peaked at $5,766 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,266 per ton), while the price for Germany ($3,253 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Wool; (Not Carded or Combed), Carbonised in the United States (FOB) - 2022

In 2022, the average export price for wool; (not carded or combed), carbonised amounted to $3,594 per ton, picking up by 12% against the previous year. Over the period under review, the export price, however, saw a pronounced reduction. The growth pace was the most rapid in 2018 when the average export price increased by 45%. Over the period under review, the average export prices reached the peak figure at $6,685 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Kuwait ($32,972 per ton), while the average price for exports to the Netherlands ($2,604 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 Italy (+184.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wool; (Not Carded or Combed), Carbonised in the United States

In 2022, after two years of decline, there was significant growth in supplies from abroad of wool; (not carded or combed), carbonised, when their volume increased by 76% to 468 tons. In general, imports, however, saw a relatively flat trend pattern.

In value terms, imports of wool; (not carded or combed), carbonised soared to $2.6M in 2022. Overall, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Wool; (Not Carded or Combed), Carbonised in the United States (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia1,5748538671,9637.6%
China31.531.9122258101.6%
GermanyN/AN/AN/A1700%
Italy234499232146-14.5%
South Africa318291157N/A-29.7%
Others75.229.252.924.8-30.9%
Total2,2331,7041,4312,5614.7%

Top Suppliers of Wool; (Not Carded or Combed), Carbonised to the United States in 2022:

  1. Australia (353.9 tons)
  2. Germany (52.3 tons)
  3. China (35.4 tons)
  4. Italy (23.3 tons)

Exports of Wool; (Not Carded or Combed), Carbonised in the United States

In 2022, shipments abroad of wool; (not carded or combed), carbonised decreased by -35.8% to 9.6 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2020 when exports increased by 107% against the previous year. As a result, the exports attained the peak of 68 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of wool; (not carded or combed), carbonised shrank markedly to $34K in 2022. Over the period under review, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 113%. As a result, the exports reached the peak of $238K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Wool; (Not Carded or Combed), Carbonised in the United States (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands53.313.04.417.1-31.5%
Costa RicaN/AN/AN/A10.20%
KuwaitN/AN/AN/A7.10%
Dominican RepublicN/AN/A13.2N/A0%
Japan21.8N/AN/AN/A0%
ColombiaN/A6.1N/AN/A0%
Guatemala26.1N/AN/AN/A0%
United Kingdom6.138.45.8N/A-2.5%
BangladeshN/A159N/AN/A0%
AustraliaN/A7.6N/AN/A0%
IsraelN/A9.6N/AN/A0%
Others4.14.124.7N/A145.4%
Total11123848.034.4-32.3%

Top Export Markets for Wool; (Not Carded or Combed), Carbonised from the United States in 2022:

  1. Netherlands (6.6 tons)
  2. Costa Rica (2.8 tons)
  3. Kuwait (0.2 tons)

Source: IndexBox Market Intelligence Platform

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