Price for Wool, Not Carded or Combed in Nepal - 2022
Contents:
- Price for Wool, Not Carded or Combed in Nepal (CIF) - 2022
- Price for Wool, Not Carded or Combed in Nepal (FOB) - 2022
- Imports of Wool, Not Carded or Combed in Nepal
- Exports of Wool, Not Carded or Combed in Nepal
Price for Wool, Not Carded or Combed in Nepal (CIF) - 2022
In 2022, the average import price for wool, not carded or combed amounted to $2,707 per ton, rising by 13% against the previous year. Overall, the import price, however, saw a pronounced decrease. The import price peaked at $4,119 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,962 per ton), while the price for India ($1,767 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced a decline.
Price for Wool, Not Carded or Combed in Nepal (FOB) - 2022
In 2022, the average export price for wool, not carded or combed amounted to $94,474 per ton, increasing by 4,196% against the previous year. Over the period under review, the export price saw significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +17.7% per year.
Imports of Wool, Not Carded or Combed in Nepal
In 2022, imports of wool, not carded or combed into Nepal reduced slightly to 4.8K tons, waning by -1.7% compared with 2021. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of 4.9K tons, and then reduced slightly in the following year.
In value terms, wool, not carded or combed imports expanded significantly to $13M in 2022. Overall, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Wool, Not Carded or Combed in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 8.4 | 6.0 | 9.0 | 9.6 | 4.6% |
| China | 2.8 | 1.3 | 2.4 | 3.0 | 2.3% |
| United Kingdom | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 11.4 | 7.4 | 11.7 | 13.1 | 4.7% |
Top Suppliers of Wool, Not Carded or Combed to Nepal in 2022:
- New Zealand (3.7K tons)
- China (1.0K tons)
- United Kingdom (0.1K tons)
Exports of Wool, Not Carded or Combed in Nepal
In 2022, shipments abroad of wool, not carded or combed decreased by -98.8% to 19 kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 392% against the previous year. As a result, the exports reached the peak of 9.4 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, wool, not carded or combed exports declined rapidly to $1.8K in 2022. Overall, exports showed a significant decrease. The growth pace was the most rapid in 2020 when exports increased by 273%. As a result, the exports reached the peak of $22K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Wool, Not Carded or Combed in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 2.1 | 0.3 | 1.8 | 44.2% |
| Hong Kong SAR | 0.5 | 1.7 | 0.2 | N/A | -36.8% |
| Germany | 0.6 | 3.1 | 0.3 | N/A | -29.3% |
| India | 2.9 | 11.5 | 1.5 | N/A | -28.1% |
| Netherlands | 0.5 | 1.5 | 0.2 | N/A | -36.8% |
| Others | 0.7 | 1.9 | 1.0 | N/A | 19.5% |
| Total | 5.8 | 21.7 | 3.5 | 1.8 | -32.3% |
Top Export Markets for Wool, Not Carded or Combed from Nepal in 2022:
- United States (19.0 kg)
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