Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in China - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in China (CIF) - 2023
- Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in China
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in China (CIF) - 2023
The average import price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn stood at $7,022 per ton in December 2023, dropping by -1.8% against the previous month. Over the period under review, the import price showed a slight contraction. The pace of growth was the most pronounced in September 2023 an increase of 64% m-o-m. The import price peaked at $8,719 per ton in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was South Africa ($8,439 per ton), while the price for Germany ($1,068 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the UK (-0.6%), while the prices for the other major suppliers experienced a decline.
Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in China
In 2022, approx. 230K tons of wool; (not carded or combed), greasy (including fleece-washed wool), shorn were imported into China; with a decrease of -5.7% on the year before. The total import volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, imports attained the peak of 244K tons, and then dropped in the following year.
In value terms, imports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn dropped to $2.1B in 2022. Over the period under review, imports showed a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, imports reached the peak of $2.3B, and then declined in the following year.
| Import of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 1,771 | 1,214 | 1,889 | 1,795 | 0.4% |
| South Africa | 172 | 193 | 206 | 151 | -4.2% |
| New Zealand | 119 | 69.8 | 99.5 | 74.8 | -14.3% |
| Uruguay | 23.7 | 9.5 | 26.0 | 21.9 | -2.6% |
| Spain | 24.9 | 12.0 | 16.6 | 12.3 | -20.9% |
| United Kingdom | 14.8 | 7.0 | 6.6 | 6.2 | -25.2% |
| Others | 110 | 46.6 | 76.2 | 73.7 | -12.5% |
| Total | 2,235 | 1,552 | 2,319 | 2,135 | -1.5% |
Top Suppliers of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn to China in 2022:
- Australia (178.8K tons)
- South Africa (15.1K tons)
- New Zealand (13.1K tons)
- Uruguay (4.2K tons)
- United Kingdom (3.5K tons)
- Spain (3.4K tons)
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