Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Morocco - 2023

Contents:

  1. Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Morocco (FOB) - 2022
  2. Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Morocco (CIF) - 2022
  3. Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Morocco
  4. Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Morocco

Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Morocco (FOB) - 2022

The average export price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn stood at $797 per ton in 2022, surging by 22% against the previous year. In general, the export price, however, showed a mild downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 44% against the previous year. The export price peaked at $1,104 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($1,541 per ton), while the average price for exports to India ($520 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 Spain (+2.6%), 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 Morocco (CIF) - 2022

The average import price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn stood at $2,333 per ton in 2022, approximately equating the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 498%. As a result, import price reached the peak level of $6,734 per ton. From 2017 to 2022, the average 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 Spain ($5,000 per ton), while the price for France ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+104.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Morocco

In 2022, approx. 996 tons of wool; (not carded or combed), greasy (including fleece-washed wool), shorn were exported from Morocco; with a decrease of -38.2% compared with the previous year. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 93%.

In value terms, exports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn dropped remarkably to $794K in 2022. Over the period under review, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 92%.

Export of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France629151102347-18.0%
India371203473295-7.4%
China67191.1301124-43.0%
Belgium10.511.117.027.337.5%
Spain73.139.820.9N/A-46.5%
Italy23.120.624.9N/A3.8%
Turkey83.119.299.7N/A9.5%
Others12.112.816.6N/A17.1%
Total1,8735491,055794-24.9%

Top Export Markets for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn from Morocco in 2022:

  1. India (568.2 tons)
  2. France (326.8 tons)
  3. China (80.7 tons)
  4. Belgium (20.2 tons)

Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Morocco

In 2022, the amount of wool; (not carded or combed), greasy (including fleece-washed wool), shorn imported into Morocco totaled 3 kg, remaining relatively unchanged against the previous year. Overall, imports recorded a abrupt shrinkage. The smallest decline of 99.9% was in 2021.

In value terms, imports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $7 in 2022. In general, imports recorded a precipitous slump. The smallest decline of 99.9% was in 2021.

Import of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Morocco (USD)
COUNTRY202020212022CAGR,
2020-2022
Spain10.0N/A5.0-29.3%
Netherlands5.0N/A1.0-55.3%
France1.0N/A1.00.0%
Belgium1.0N/AN/A0%
OthersN/AN/AN/A0%
Total17.0N/A7.0-35.8%

Top Suppliers of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn to Morocco in 2022:

  1. Netherlands (1.0 kg)
  2. Spain (1.0 kg)
  3. France (1.0 kg)

Source: IndexBox Market Intelligence Platform

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