Price for Wool, Not Carded or Combed in Estonia - 2023
Contents:
- Price for Wool, Not Carded or Combed in Estonia (CIF) - 2023
- Price for Wool, Not Carded or Combed in Estonia (FOB) - 2022
- Imports of Wool, Not Carded or Combed in Estonia
- Exports of Wool, Not Carded or Combed in Estonia
Price for Wool, Not Carded or Combed in Estonia (CIF) - 2023
The average import price for wool, not carded or combed stood at $3,079 per ton in September 2023, growing by 16% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in May 2023 when the average import price increased by 18% month-to-month. Over the period under review, average import prices attained the peak figure in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($4,839 per ton), while the price for Lithuania ($2,683 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool, Not Carded or Combed in Estonia (FOB) - 2022
The average export price for wool, not carded or combed stood at $3,032 per ton in 2022, growing by 6.1% against the previous year. Overall, the export price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2016 an increase of 163%. Over the period under review, the average export prices reached the peak figure at $19,396 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($3,511 per ton), while the average price for exports to Lithuania totaled $3,031 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-9.8%).
Imports of Wool, Not Carded or Combed in Estonia
In 2022, purchases abroad of wool, not carded or combed decreased by -32.4% to 743 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 127%.
In value terms, wool, not carded or combed imports dropped rapidly to $1.8M in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. As a result, imports reached the peak of $2.6M, and then contracted dramatically in the following year.
| Import of Wool, Not Carded or Combed in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 562 | 550 | 1,264 | 643 | 4.6% |
| United Kingdom | N/A | 67.7 | 445 | 282 | 104.1% |
| Germany | 122 | 71.0 | 118 | 12.6 | -53.1% |
| Others | 13.7 | 629 | 816 | 907 | 304.5% |
| Total | 697 | 1,318 | 2,643 | 1,844 | 38.3% |
Top Suppliers of Wool, Not Carded or Combed to Estonia in 2022:
- New Zealand (253.9 tons)
- United Kingdom (61.7 tons)
- Germany (2.8 tons)
Exports of Wool, Not Carded or Combed in Estonia
In 2022, shipments abroad of wool, not carded or combed decreased by -89.5% to 62 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 406,911% against the previous year.
In value terms, wool, not carded or combed exports reduced markedly to $187K in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 96,937% against the previous year.
| Export of Wool, Not Carded or Combed in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 0.8 | 1,267 | 1,683 | 186 | 514.9% |
| Norway | N/A | N/A | 1.2 | 0.7 | -41.7% |
| Others | 0.5 | 0.2 | N/A | N/A | -60.0% |
| Total | 1.3 | 1,267 | 1,685 | 187 | 424.0% |
Top Export Markets for Wool, Not Carded or Combed from Estonia in 2022:
- Lithuania (61.4 tons)
- Norway (0.2 tons)
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