Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the Philippines - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the Philippines (CIF) - 2022
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the Philippines
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the Philippines (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $40,792 per ton, growing by 465% against the previous year. Over the period under review, the import price saw a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($50,000 per ton), while the price for Italy amounted to $40,391 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+210.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the Philippines
For the third consecutive year, the Philippines recorded decline in purchases abroad of wool; (not carded or combed), degreased, (not carbonised), (other than shorn), which decreased by -95% to 24 kg in 2022. In general, imports recorded a precipitous shrinkage. The smallest decline of -37.7% was in 2021.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) shrank remarkably to $979 in 2022. Overall, imports showed a dramatic contraction. The smallest decline of -46.7% was in 2020.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.0 | 0.9 | 0.4 | 0.9 | -23.4% |
| Indonesia | N/A | N/A | N/A | 0.1 | 0% |
| New Zealand | 10.0 | 5.5 | 3.0 | N/A | -45.2% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 12.2 | 6.5 | 3.5 | 1.0 | -56.6% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to the Philippines in 2022:
- Italy (23.0 kg)
- Indonesia (1.0 kg)
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