Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in India - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in India (CIF) - 2023
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in India (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in India
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in India
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in India (CIF) - 2023
The average import price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $2,654 per ton in October 2023, picking up by 1.8% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 40% against the previous month. Over the period under review, average import prices attained the peak figure at $4,070 per ton in March 2023; however, from April 2023 to October 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Uruguay ($6,210 per ton), while the price for Egypt ($559 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in India (FOB) - 2022
The average export price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $896 per ton in 2022, which is down by -59.1% against the previous year. Overall, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2021 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the maximum at $6,620 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to -1.1% per year.
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in India
Imports of wool; (not carded or combed), degreased, (not carbonised), shorn into India surged to 4.5K tons in 2022, picking up by 25% on the previous year's figure. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn expanded sharply to $14M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 65% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1.6 | 2.1 | 3.5 | 5.6 | 51.8% |
| United Kingdom | 4.4 | 3.2 | 3.5 | 3.9 | -3.9% |
| Uruguay | 1.6 | 1.1 | 3.9 | 2.5 | 16.0% |
| Australia | 1.9 | 0.9 | 1.1 | 1.4 | -9.7% |
| Turkey | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.4 | 0.1 | 0.2 | 0.1 | -37.0% |
| Total | 9.9 | 7.4 | 12.2 | 13.7 | 11.4% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to India in 2022:
- New Zealand (2189.8 tons)
- United Kingdom (1566.9 tons)
- Uruguay (381.5 tons)
- Turkey (239.3 tons)
- Australia (143.2 tons)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in India
In 2022, approx. 39 tons of wool; (not carded or combed), degreased, (not carbonised), shorn were exported from India; shrinking by -53.1% on the year before. Over the period under review, exports recorded a sharp contraction. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), shorn plummeted to $35K in 2022. In general, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 70%.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 151 | 94.5 | 79.6 | 34.5 | -38.9% |
| Italy | 43.3 | N/A | 35.7 | N/A | -9.2% |
| United Kingdom | 684 | 11.6 | 64.2 | N/A | -69.4% |
| Others | 14.9 | N/A | 0.3 | N/A | -85.8% |
| Total | 893 | 106 | 180 | 34.5 | -66.2% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn from India in 2022:
- China (38.5 tons)
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