Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in New Zealand - 2024
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in New Zealand (FOB) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in New Zealand (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in New Zealand
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in New Zealand
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in New Zealand (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $2,680 per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 12% against the previous year. As a result, the export price reached the peak level of $4,796 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($3,026 per ton), while the average price for exports to the UK ($1,914 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 Japan (-2.3%), while the prices for the other major destinations experienced a decline.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in New Zealand (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $12,013 per ton, waning by -50.1% against the previous year. Overall, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 32%. As a result, import price reached the peak level of $24,054 per ton, and then shrank sharply in the following year.
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 the UK ($19,247 per ton), while the price for Australia amounted to $6,955 per ton.
From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-17.8%).
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in New Zealand
In 2022, approx. 442 tons of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) were exported from New Zealand; with a decrease of -64.1% on the previous year's figure. In general, exports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) contracted significantly to $1.2M in 2022. Over the period under review, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 83% against the previous year. As a result, the exports reached the peak of $3.3M, and then declined rapidly in the following year.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 685 | 204 | 293 | 964 | 12.1% |
| China | 111 | 14.2 | 16.4 | 84.5 | -8.7% |
| Japan | 9.9 | 4.0 | 3.0 | 51.3 | 73.0% |
| Thailand | 0.4 | N/A | N/A | 48.1 | 393.6% |
| United Kingdom | 14.3 | 16.0 | 36.7 | 34.9 | 34.6% |
| Sweden | 693 | 507 | 965 | N/A | 18.0% |
| Mauritius | 206 | 130 | 213 | N/A | 1.7% |
| Poland | 97.1 | 55.5 | 82.4 | N/A | -7.9% |
| Egypt | 126 | 65.8 | 119 | N/A | -2.8% |
| Mexico | 527 | 380 | 710 | N/A | 16.1% |
| Italy | 64.7 | 65.7 | 168 | N/A | 61.1% |
| Turkey | 78.1 | 31.4 | 21.6 | N/A | -47.4% |
| Canada | 108 | 74.1 | 69.9 | N/A | -19.5% |
| Others | 451 | 235 | 559 | 1.8 | -84.1% |
| Total | 3,170 | 1,782 | 3,257 | 1,185 | -28.0% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from New Zealand in 2022:
- India (348.4 tons)
- China (38.3 tons)
- Thailand (19.2 tons)
- United Kingdom (18.2 tons)
- Japan (17.0 tons)
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in New Zealand
For the third consecutive year, New Zealand recorded growth in overseas purchases of wool; (not carded or combed), degreased, (not carbonised), (other than shorn), which increased by 1.8% to 226 kg in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 4,340%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) declined significantly to $2.7K in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 5,768%. As a result, imports attained the peak of $5.3K, and then declined markedly in the following year.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Kingdom | 0.1 | 1.4 | 1.8 | 324.3% | |
| Australia | N/A | 0.8 | 0.9 | 12.5% | |
| Mongolia | N/A | 2.6 | N/A | 0% | |
| Others | N/A | 0.5 | N/A | 0% | |
| Total | 0.1 | 5.3 | 2.7 | 419.6% | |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to New Zealand in 2022:
- Australia (133.0 kg)
- United Kingdom (93.0 kg)
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