Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in India - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in India (CIF) - 2023
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in India (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in India
- Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in India
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in India (CIF) - 2023
In October 2023, the average import price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $6,659 per ton, with a decrease of -2.6% against the previous month. Over the period under review, the import price continues to indicate a perceptible decline. The growth pace was the most rapid in January 2023 an increase of 18% month-to-month. Over the period under review, average import prices hit record highs at $11,359 per ton in April 2023; however, from May 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($7,956 per ton), while the price for Russia ($858 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+80.0%), while the prices for the other major suppliers experienced a decline.
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in India (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $15,576 per ton, rising by 12% against the previous year. Over the period under review, the export price saw a notable increase. The most prominent rate of growth was recorded in 2021 an increase of 1,054%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($151,000 per ton), while the average price for exports to Nepal ($5,333 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 the United Arab Emirates (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in India
For the third year in a row, India recorded growth in supplies from abroad of wool; (not carded or combed), greasy (including fleece-washed wool), shorn, which increased by 44% to 3K tons in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 123%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn surged to $33M in 2022. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 128% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Australia | 10.3 | 21.9 | 29.1 | 68.1% | |
| South Africa | 0.3 | 2.3 | 3.1 | 221.5% | |
| Uruguay | N/A | 0.1 | 0.3 | 200.0% | |
| Argentina | N/A | N/A | 0.1 | 0% | |
| Others | 0.1 | 0.2 | 0.3 | 73.2% | |
| Total | 10.7 | 24.5 | 32.9 | 75.4% | |
Top Suppliers of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn to India in 2022:
- Australia (2554.4 tons)
- South Africa (305.9 tons)
- Uruguay (56.1 tons)
- Argentina (46.3 tons)
Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in India
For the third year in a row, India recorded decline in overseas shipments of wool; (not carded or combed), greasy (including fleece-washed wool), shorn, which decreased by -89.5% to 92 kg in 2022. Over the period under review, exports recorded a sharp reduction.
In value terms, exports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn reduced sharply to $1.4K in 2022. In general, exports continue to indicate a sharp decline. The smallest decline of -16.1% was in 2021.
| Export of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 0.1 | N/A | 2.3 | 0.9 | 108.0% |
| United Arab Emirates | N/A | N/A | N/A | 0.5 | 0% |
| Russia | 79.1 | N/A | N/A | N/A | 0% |
| Nepal | N/A | 14.5 | N/A | N/A | 0% |
| Egypt | 926 | N/A | N/A | N/A | 0% |
| Others | 4.2 | N/A | 9.9 | 0.1 | -71.2% |
| Total | 1,009 | 14.5 | 12.2 | 1.4 | -88.8% |
Top Export Markets for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn from India in 2022:
- Switzerland (85.0 kg)
- United Arab Emirates (3.0 kg)
- Nepal (3.0 kg)
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