Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Africa - 2024
Contents:
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Africa (FOB) - 2024
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Africa (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Africa
- Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Africa
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Africa (FOB) - 2024
In December 2023, the average export price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $5,412 per ton, approximately mirroring the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 16% m-o-m. The export price peaked at $6,144 per ton in August 2023; however, from September 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($7,632 per ton), while the average price for exports to India ($4,226 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 Bulgaria (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Africa (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $6,646 per ton, picking up by 28% against the previous year. Overall, the import price showed buoyant growth. The pace of growth appeared the most rapid in 2015 an increase of 61% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Lesotho ($6,725 per ton), while the price for Australia stood at $2,620 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+16.1%), 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 South Africa
In 2022, after three years of growth, there was significant decline in overseas shipments of wool; (not carded or combed), greasy (including fleece-washed wool), shorn, when their volume decreased by -19.2% to 42K tons. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 24%.
In value terms, exports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn plummeted to $254M in 2022. Overall, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, the exports reached the peak of $325M, and then reduced dramatically in the following year.
| Export of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 166 | 197 | 236 | 150 | -3.3% |
| Germany | 2.5 | 0.6 | 13.8 | 49.9 | 171.3% |
| Italy | 19.8 | 10.1 | 20.3 | 23.9 | 6.5% |
| Bulgaria | 12.6 | 9.0 | 5.1 | 12.8 | 0.5% |
| Egypt | 4.1 | 3.2 | 10.0 | 8.2 | 26.0% |
| India | 16.4 | 2.2 | 8.6 | 7.9 | -21.6% |
| Czech Republic | 69.5 | 31.5 | 28.7 | N/A | -35.7% |
| Others | 1.0 | 0.6 | 2.2 | 1.8 | 21.6% |
| Total | 292 | 254 | 325 | 254 | -4.5% |
Top Export Markets for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn from South Africa in 2022:
- China (26.7K tons)
- Germany (7.6K tons)
- Italy (2.7K tons)
- Bulgaria (2.0K tons)
- India (1.3K tons)
- Egypt (1.1K tons)
Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Africa
In 2022, overseas purchases of wool; (not carded or combed), greasy (including fleece-washed wool), shorn were finally on the rise to reach 9.8 tons after two years of decline. Overall, imports, however, continue to indicate a dramatic slump.
In value terms, imports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn soared to $65K in 2022. In general, imports, however, faced a precipitous descent.
| Import of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 1,691 | N/A | 13.8 | 64.3 | -66.4% |
| Australia | 964 | 410 | 0.5 | 0.5 | -92.0% |
| New Zealand | 404 | 242 | N/A | N/A | -40.1% |
| Argentina | 258 | N/A | N/A | N/A | 0% |
| Peru | 220 | N/A | N/A | N/A | 0% |
| Uruguay | 694 | N/A | N/A | N/A | 0% |
| Brazil | 160 | N/A | N/A | N/A | 0% |
| Others | 28.5 | 1.0 | 0.4 | 0.1 | -84.8% |
| Total | 4,419 | 653 | 14.7 | 64.9 | -75.5% |
Top Suppliers of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn to South Africa in 2022:
- Lesotho (9.6 tons)
- Australia (0.2 tons)
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