Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Nepal - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Nepal (CIF) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Nepal (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Nepal
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Nepal
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Nepal (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), degreased, (not carbonised), shorn amounted to $2,670 per ton, rising by 12% against the previous year. In general, the import price, however, saw a mild downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 18% against the previous year. As a result, import price reached the peak level of $3,533 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,957 per ton), while the price for New Zealand amounted to $2,608 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.8%).
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Nepal (FOB) - 2022
The average export price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $6,532 per ton in 2022, with a decrease of -11.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 33%. Over the period under review, the average export prices hit record highs at $9,214 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($10,000 per ton), while the average price for exports to Sweden ($2,477 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 Hong Kong SAR (+4.0%).
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Nepal
In 2022, the amount of wool; (not carded or combed), degreased, (not carbonised), shorn imported into Nepal rose significantly to 3.2K tons, with an increase of 7% against the year before. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 90%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn soared to $8.4M in 2022. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 106%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 3.6 | 2.7 | 5.4 | 6.6 | 22.4% |
| China | 1.5 | 0.7 | 1.4 | 1.7 | 4.3% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 5.2 | 3.4 | 7.0 | 8.4 | 17.3% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to Nepal in 2022:
- New Zealand (2.5K tons)
- China (0.6K tons)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Nepal
In 2022, after two years of decline, there was significant growth in overseas shipments of wool; (not carded or combed), degreased, (not carbonised), shorn, when their volume increased by 27% to 265 kg. Overall, exports, however, saw a dramatic shrinkage.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), shorn totaled $1.7K in 2022. Over the period under review, exports, however, recorded a deep setback.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Nepal (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,204 | 1,030 | 878 | 913 | -8.8% |
| Hong Kong SAR | 1,194 | 892 | 662 | 600 | -20.5% |
| Sweden | N/A | N/A | N/A | 218 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,398 | 1,922 | 1,540 | 1,731 | -10.3% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn from Nepal in 2022:
- Netherlands (117.0 kg)
- Sweden (88.0 kg)
- Hong Kong SAR (60.0 kg)
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