Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Australia - 2024
Contents:
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Australia (FOB) - 2024
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Australia (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Australia
- Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Australia
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Australia (FOB) - 2024
The average export price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn stood at $5,217 per ton in December 2023, which is down by -1.6% against the previous month. Overall, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 8.4% m-o-m. As a result, the export price reached the peak level of $6,958 per ton. From April 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($10,563 per ton), while the average price for exports to the Czech Republic ($3,949 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+4.5%), while the prices for the other major destinations experienced a decline.
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Australia (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $5,045 per ton, increasing by 75% against the previous year. Overall, the import price, however, continues to indicate a perceptible decrease. Over the period under review, average import prices reached the maximum at $7,146 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to -2.9% per year.
Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Australia
In 2022, approx. 306K tons of wool; (not carded or combed), greasy (including fleece-washed wool), shorn were exported from Australia; remaining constant against 2021 figures. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 30%. As a result, the exports reached the peak of 310K tons, and then dropped modestly in the following year.
In value terms, exports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn declined to $2.1B in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 55%. As a result, the exports reached the peak of $2.2B, and then contracted modestly in the following year.
| Export of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,675 | 1,247 | 1,904 | 1,746 | 1.4% |
| Italy | 116 | 40.4 | 115 | 135 | 5.2% |
| India | 118 | 59.0 | 91.0 | 128 | 2.7% |
| Czech Republic | 60.4 | 43.4 | 67.0 | 44.9 | -9.4% |
| Others | 76.3 | 27.1 | 25.2 | 39.2 | -19.9% |
| Total | 2,046 | 1,417 | 2,202 | 2,093 | 0.8% |
Top Export Markets for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn from Australia in 2022:
- China (260.9K tons)
- India (19.7K tons)
- Czech Republic (10.2K tons)
- Italy (10.1K tons)
Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Australia
In 2022, after three years of growth, there was significant decline in purchases abroad of wool; (not carded or combed), greasy (including fleece-washed wool), shorn, when their volume decreased by -29.5% to 278 tons. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 1,377%.
In value terms, imports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn soared to $1.4M in 2022. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 836% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 91.0 | 462 | 1,138 | 1,404 | 148.9% |
| Others | N/A | 389 | N/A | N/A | 0% |
| Total | 91.0 | 851 | 1,138 | 1,404 | 148.9% |
Top Suppliers of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn to Australia in 2022:
- New Zealand (278.4 tons)
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