Price for Wool, Not Carded or Combed in Kenya - 2021
Contents:
- Price for Wool, Not Carded or Combed in Kenya (FOB) - 2022
- Price for Wool, Not Carded or Combed in Kenya (CIF) - 2022
- Exports of Wool, Not Carded or Combed in Kenya
- Imports of Wool, Not Carded or Combed in Kenya
Price for Wool, Not Carded or Combed in Kenya (FOB) - 2022
In 2022, the average export price for wool, not carded or combed amounted to $1,804 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $2,460 per ton in 2018; however, from 2019 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 the Czech Republic ($4,448 per ton), while the average price for exports to India ($1,537 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 Germany (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wool, Not Carded or Combed in Kenya (CIF) - 2022
In 2022, the average import price for wool, not carded or combed amounted to $3,266 per ton, rising by 3% against the previous year. Overall, the import price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 177% against the previous year. Over the period under review, average import prices attained the peak figure at $7,746 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -3.4% per year.
Exports of Wool, Not Carded or Combed in Kenya
In 2022, approx. 1.3K tons of wool, not carded or combed were exported from Kenya; with a decrease of -27.9% compared with the previous year. In general, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 126% against the previous year. As a result, the exports reached the peak of 1.7K tons, and then dropped sharply in the following year.
In value terms, wool, not carded or combed exports declined significantly to $2.3M in 2022. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 117%. As a result, the exports reached the peak of $3.1M, and then reduced dramatically in the following year.
| Export of Wool, Not Carded or Combed in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,753 | 635 | 2,394 | 1,685 | -1.3% |
| Germany | 155 | 136 | 154 | 151 | -0.9% |
| Czech Republic | 154 | 122 | 113 | 133 | -4.8% |
| Italy | 535 | 353 | 238 | 131 | -37.4% |
| United Kingdom | 88.3 | 121 | 56.3 | 84.8 | -1.3% |
| Others | 59.7 | 56.9 | 134 | 73.1 | 7.0% |
| Total | 2,745 | 1,424 | 3,090 | 2,257 | -6.3% |
Top Export Markets for Wool, Not Carded or Combed from Kenya in 2022:
- India (1095.8 tons)
- Italy (48.6 tons)
- Germany (37.0 tons)
- Czech Republic (29.8 tons)
- United Kingdom (23.6 tons)
Imports of Wool, Not Carded or Combed in Kenya
In 2022, purchases abroad of wool, not carded or combed decreased by -6.3% to 636 kg for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% 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 +46.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 37% against the previous year.
In value terms, wool, not carded or combed imports contracted modestly to $2.1K in 2022. The total import value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 37%.
| Import of Wool, Not Carded or Combed in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 1.5 | 1.8 | 2.2 | 2.1 | 11.9% |
| Nigeria | N/A | 0.1 | N/A | N/A | 0% |
| Turkey | N/A | 0.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 2.0 | 2.2 | 2.1 | 11.9% |
Top Suppliers of Wool, Not Carded or Combed to Kenya in 2022:
- South Africa (636.0 kg)
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