Price for Wool, Not Carded or Combed in Hungary - 2023
Contents:
- Price for Wool, Not Carded or Combed in Hungary (CIF) - 2022
- Price for Wool, Not Carded or Combed in Hungary (FOB) - 2023
- Imports of Wool, Not Carded or Combed in Hungary
- Exports of Wool, Not Carded or Combed in Hungary
Price for Wool, Not Carded or Combed in Hungary (CIF) - 2022
In 2022, the average import price for wool, not carded or combed amounted to $2,308 per ton, shrinking by -7.7% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 205%. Over the period under review, average import prices attained the peak figure at $13,663 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($4,330 per ton), while the price for New Zealand ($1,953 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+39.9%), while the prices for the other major suppliers experienced a decline.
Price for Wool, Not Carded or Combed in Hungary (FOB) - 2023
In July 2023, the average export price for wool, not carded or combed amounted to $1,089 per ton, shrinking by -43.6% against the previous month. Overall, the export price, however, saw mild growth. The growth pace was the most rapid in February 2023 an increase of 86% month-to-month. As a result, the export price reached the peak level of $1,938 per ton. From March 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was China ($1,802 per ton), while the average price for exports to Poland ($227 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool, Not Carded or Combed in Hungary
For the fourth year in a row, Hungary recorded growth in purchases abroad of wool, not carded or combed, which increased by 64% to 1.5K tons in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, wool, not carded or combed imports surged to $3.4M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wool, Not Carded or Combed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,257 | 1,401 | 1,903 | 2,781 | 30.3% |
| New Zealand | N/A | N/A | N/A | 420 | 0% |
| Italy | 749 | 141 | 207 | 109 | -47.4% |
| United Kingdom | 117 | 2.0 | 73.0 | 46.8 | -26.3% |
| Romania | 266 | 203 | 33.8 | N/A | -64.4% |
| Others | 391 | 2.8 | 8.3 | 14.9 | -66.3% |
| Total | 2,780 | 1,751 | 2,224 | 3,372 | 6.6% |
Top Suppliers of Wool, Not Carded or Combed to Hungary in 2022:
- Germany (1198.5 tons)
- New Zealand (215.0 tons)
- Italy (25.2 tons)
- United Kingdom (22.4 tons)
Exports of Wool, Not Carded or Combed in Hungary
In 2022, overseas shipments of wool, not carded or combed were finally on the rise to reach 5.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, wool, not carded or combed exports surged to $6.8M in 2022. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wool, Not Carded or Combed in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 511 | 130 | 115 | 6,171 | 129.4% |
| China | 753 | 284 | 487 | 237 | -32.0% |
| Bulgaria | 546 | N/A | 18.8 | 176 | -31.4% |
| Belgium | 496 | 330 | 221 | 72.0 | -47.4% |
| Poland | 126 | 129 | 35.2 | 61.2 | -21.4% |
| Netherlands | 232 | 89.1 | 62.9 | 55.7 | -37.8% |
| Others | 998 | 533 | 68.7 | 59.7 | -60.9% |
| Total | 3,662 | 1,496 | 1,009 | 6,832 | 23.1% |
Top Export Markets for Wool, Not Carded or Combed from Hungary in 2022:
- Italy (4587.8 tons)
- China (247.5 tons)
- Bulgaria (158.2 tons)
- Poland (109.0 tons)
- Netherlands (96.0 tons)
- Belgium (65.5 tons)
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