Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Italy - 2023

Contents:

  1. Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Italy (CIF) - 2023
  2. Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Italy (FOB) - 2022
  3. Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Italy
  4. Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Italy

Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Italy (CIF) - 2023

In October 2023, the average import price for wool; (not carded or combed), degreased, (not carbonised), shorn amounted to $3,117 per ton, falling by -3% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 59% month-to-month. As a result, import price attained the peak level of $5,779 per ton. From August 2023 to October 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($8,163 per ton), while the price for New Zealand ($2,540 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 Uruguay (+14.7%), 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 Italy (FOB) - 2022

The average export price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $3,647 per ton in 2022, declining by -13.1% against the previous year. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 24%. Over the period under review, the average export prices reached the maximum at $4,775 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($8,233 per ton), while the average price for exports to India ($852 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 the UK (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Italy

In 2022, approx. 8.9K tons of wool; (not carded or combed), degreased, (not carbonised), shorn were imported into Italy; shrinking by -6.5% on the year before. Over the period under review, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +4.6% 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 +62.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 74%. As a result, imports attained the peak of 9.5K tons, and then declined in the following year.

In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn expanded significantly to $32M in 2022. In general, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of 59%.

Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand17.110.418.616.4-1.4%
United Kingdom1.81.23.05.343.3%
Australia9.92.42.84.4-23.7%
Germany0.80.90.92.342.2%
Uruguay0.20.32.02.2122.4%
Spain0.60.50.30.4-12.6%
Others5.32.61.61.2-39.1%
Total35.618.329.132.3-3.2%

Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to Italy in 2022:

  1. New Zealand (6.6K tons)
  2. United Kingdom (0.7K tons)
  3. Germany (0.6K tons)
  4. Australia (0.4K tons)
  5. Uruguay (0.2K tons)
  6. Spain (0.1K tons)

Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Italy

In 2022, the amount of wool; (not carded or combed), degreased, (not carbonised), shorn exported from Italy shrank to 488 tons, which is down by -8% compared with the previous year. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 62% against the previous year.

In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), shorn reduced remarkably to $1.8M in 2022. Over the period under review, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2021 when exports increased by 47%.

Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hungary2,5769871,3841,163-23.3%
Slovakia1395.843.421916.4%
ChinaN/AN/A84.010929.8%
BulgariaN/AN/AN/A68.40%
Egypt26.8N/A13452.525.1%
AustriaN/AN/A1.631.01837.5%
India116N/A18.510.3-55.4%
Ukraine417N/AN/AN/A0%
Others321518559126-26.8%
Total3,5951,5112,2241,778-20.9%

Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn from Italy in 2022:

  1. Hungary (276.8 tons)
  2. China (121.4 tons)
  3. Slovakia (26.6 tons)
  4. Bulgaria (15.0 tons)
  5. India (12.1 tons)
  6. Austria (9.2 tons)
  7. Egypt (9.0 tons)

Source: IndexBox Market Intelligence Platform

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