Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Italy - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Italy (CIF) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Italy (FOB) - 2023
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Italy
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Italy
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Italy (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $4,786 per ton, with an increase of 7.7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($10,728 per ton), while the price for Tunisia ($1,094 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Italy (FOB) - 2023
In August 2023, the average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $6,057 per ton, waning by -9.7% against the previous month. In general, the export price showed a slight reduction. The pace of growth appeared the most rapid in January 2023 an increase of 84% m-o-m. Over the period under review, the average export prices attained the peak figure at $13,700 per ton in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In August 2023, the country with the highest price was Poland ($6,242 per ton), while the average price for exports to Lithuania stood at $5,927 per ton.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Italy
In 2022, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) into Italy shrank to 711 tons, declining by -5.1% compared with 2021 figures. Overall, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 167% against the previous year. As a result, imports attained the peak of 749 tons, and then reduced in the following year.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) expanded to $3.4M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 238%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 126 | 46.1 | 896 | 858 | 89.5% |
| Uruguay | N/A | N/A | 359 | 592 | 64.9% |
| Australia | N/A | 40.1 | 772 | 577 | 279.3% |
| United Kingdom | 883 | 188 | 438 | 572 | -13.5% |
| India | N/A | N/A | N/A | 253 | 0% |
| Turkey | 459 | 277 | 187 | 219 | -21.9% |
| China | N/A | 3.2 | 514 | 125 | 525.0% |
| Argentina | N/A | N/A | 110 | 82.9 | -24.6% |
| Spain | 89.9 | 56.2 | N/A | 80.8 | -3.5% |
| Tunisia | N/A | N/A | 51.8 | 19.7 | -62.0% |
| Others | 131 | 374 | 1.6 | 22.8 | -44.2% |
| Total | 1,689 | 985 | 3,330 | 3,402 | 26.3% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to Italy in 2022:
- New Zealand (196.4 tons)
- United Kingdom (173.5 tons)
- Uruguay (90.9 tons)
- Turkey (68.1 tons)
- Australia (53.8 tons)
- India (46.3 tons)
- China (18.8 tons)
- Tunisia (18.0 tons)
- Argentina (12.8 tons)
- Spain (12.6 tons)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Italy
Exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) from Italy fell to 265 tons in 2022, which is down by -7.4% on 2021 figures. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 46%.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $2.2M in 2022. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 46%.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,964 | 1,289 | 1,815 | 1,772 | -3.4% |
| Lithuania | 96.4 | 127 | 197 | 248 | 37.0% |
| Spain | 0.1 | 15.3 | N/A | 29.4 | 564.9% |
| Germany | 308 | N/A | 18.6 | 22.9 | -58.0% |
| Serbia | 66.3 | N/A | N/A | N/A | 0% |
| India | 11.3 | 11.8 | 9.0 | N/A | -10.8% |
| Others | 196 | 27.7 | 114 | 122 | -14.6% |
| Total | 2,642 | 1,471 | 2,154 | 2,195 | -6.0% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from Italy in 2022:
- Poland (218.0 tons)
- Lithuania (26.5 tons)
- Spain (8.8 tons)
- Germany (3.4 tons)
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