Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the UK - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the UK (FOB) - 2023
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the UK (CIF) - 2023
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the UK
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the UK
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the UK (FOB) - 2023
In August 2023, the average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $2,245 per ton, which is down by -17.1% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 39% against the previous month. As a result, the export price reached the peak level of $2,768 per ton. From July 2023 to August 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Ireland ($6,375 per ton), while the average price for exports to Japan ($763 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the UK (CIF) - 2023
In July 2023, the average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $9,897 per ton, with an increase of 431% against the previous month. In general, the import price continues to indicate a buoyant expansion. Over the period under review, average import prices reached the maximum at $16,651 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was India ($13,822 per ton), while the price for Lithuania stood at $2,033 per ton.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+211.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the UK
Exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) from the UK soared to 5.6K tons in 2022, growing by 41% compared with 2021. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 139%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) expanded to $11M in 2022. In general, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 147%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 138 | 4.9 | 2,713 | 3,064 | 181.1% |
| Lithuania | 2,207 | 2,016 | 2,273 | 2,083 | -1.9% |
| India | 892 | N/A | 488 | 1,087 | 6.8% |
| Japan | 56.8 | 135 | 231 | 761 | 137.5% |
| Italy | 1,790 | 998 | 1,228 | 735 | -25.7% |
| Thailand | 104 | N/A | 179 | 728 | 91.3% |
| Poland | 817 | 51.8 | 755 | 542 | -12.8% |
| Egypt | 61.6 | 115 | 273 | 431 | 91.3% |
| Others | 776 | 965 | 2,432 | 1,466 | 23.6% |
| Total | 6,842 | 4,286 | 10,571 | 10,897 | 16.8% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from the UK in 2022:
- China (2515.6 tons)
- Lithuania (930.0 tons)
- India (452.5 tons)
- Egypt (325.0 tons)
- Thailand (321.3 tons)
- Japan (221.1 tons)
- Italy (199.3 tons)
- Poland (192.5 tons)
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the UK
In 2022, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) into the UK skyrocketed to 821 tons, rising by 18% compared with 2021. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 132%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) soared to $3.5M in 2022. Over the period under review, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2,550 | 991 | 893 | 2,496 | -0.7% |
| Turkey | 48.0 | 138 | 309 | 424 | 106.7% |
| Iceland | 151 | N/A | 386 | 286 | 23.7% |
| New Zealand | N/A | N/A | N/A | 80.9 | 0% |
| Saudi Arabia | N/A | N/A | 65.2 | 63.7 | -2.3% |
| Syrian Arab Republic | N/A | N/A | N/A | 41.7 | 0% |
| Spain | N/A | 39.0 | N/A | 26.6 | -17.4% |
| Cyprus | 36.4 | N/A | N/A | N/A | 0% |
| Lithuania | 168 | 187 | N/A | N/A | 11.3% |
| Others | 45.4 | 17.1 | 94.4 | 50.8 | 3.8% |
| Total | 2,999 | 1,372 | 1,747 | 3,469 | 5.0% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to the UK in 2022:
- Turkey (229.0 tons)
- Australia (228.9 tons)
- Iceland (163.4 tons)
- Syrian Arab Republic (90.7 tons)
- Saudi Arabia (41.4 tons)
- New Zealand (31.6 tons)
- Spain (24.4 tons)
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