Price for Wool, Not Carded or Combed in Ecuador - 2022
Contents:
- Price for Wool, Not Carded or Combed in Ecuador (CIF) - 2022
- Price for Wool, Not Carded or Combed in Ecuador (FOB) - 2022
- Imports of Wool, Not Carded or Combed in Ecuador
- Exports of Wool, Not Carded or Combed in Ecuador
Price for Wool, Not Carded or Combed in Ecuador (CIF) - 2022
In 2022, the average import price for wool, not carded or combed amounted to $8,746 per ton, increasing by 6.1% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of 101%. Over the period under review, average import prices hit record highs at $9,333 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($19,780 per ton), while the price for Chile ($2,512 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool, Not Carded or Combed in Ecuador (FOB) - 2022
The average export price for wool, not carded or combed stood at $1,659 per ton in 2022, flattening at the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 75% against the previous year. The export price peaked at $3,513 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Chile.
From 2012 to 2022, the rate of growth in terms of prices for Uruguay amounted to -5.1% per year.
Imports of Wool, Not Carded or Combed in Ecuador
In 2022, the amount of wool, not carded or combed imported into Ecuador shrank to 37 tons, which is down by -6.9% against the previous year. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of 40 tons, and then fell in the following year.
In value terms, wool, not carded or combed imports shrank to $322K in 2022. Over the period under review, imports showed a slight contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 2.4%.
| Import of Wool, Not Carded or Combed in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 237 | 225 | 139 | 157 | -12.8% |
| Argentina | 15.3 | 12.1 | 103 | 101 | 87.6% |
| Chile | 76.1 | 70.7 | 61.6 | 52.9 | -11.4% |
| Peru | 8.7 | 9.4 | 9.6 | 9.6 | 3.3% |
| Panama | 1.1 | 1.3 | 1.5 | 1.8 | 17.8% |
| Turkey | N/A | N/A | 11.6 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 338 | 318 | 326 | 322 | -1.6% |
Top Suppliers of Wool, Not Carded or Combed to Ecuador in 2022:
- Chile (21.1 tons)
- Uruguay (7.9 tons)
- Argentina (5.2 tons)
- Peru (2.0 tons)
- Panama (0.6 tons)
Exports of Wool, Not Carded or Combed in Ecuador
After two years of decline, overseas shipments of wool, not carded or combed increased by 6.2% to 30 tons in 2022. Over the period under review, exports, however, showed a dramatic descent.
In value terms, wool, not carded or combed exports expanded to $50K in 2022. In general, exports, however, showed a dramatic decline.
| Export of Wool, Not Carded or Combed in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 2.9 | 2.7 | 47.6 | 50.3 | 158.9% |
| Hong Kong SAR | 106 | N/A | N/A | N/A | 0% |
| Uruguay | 73.2 | 49.9 | N/A | N/A | -31.8% |
| Others | 11.5 | N/A | 0.4 | N/A | -81.3% |
| Total | 194 | 52.6 | 48.0 | 50.3 | -36.2% |
Top Export Markets for Wool, Not Carded or Combed from Ecuador in 2022:
- Chile (30.3 tons)
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