Price for Wool, Not Carded or Combed in New Zealand - 2023
Contents:
- Price for Wool, Not Carded or Combed in New Zealand (FOB) - 2023
- Price for Wool, Not Carded or Combed in New Zealand (CIF) - 2022
- Exports of Wool, Not Carded or Combed in New Zealand
- Imports of Wool, Not Carded or Combed in New Zealand
Price for Wool, Not Carded or Combed in New Zealand (FOB) - 2023
The average export price for wool, not carded or combed stood at $2,226 per ton in August 2023, increasing by 3.1% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 24% month-to-month. The export price peaked at $4,210 per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($3,155 per ton), while the average price for exports to China ($1,940 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wool, Not Carded or Combed in New Zealand (CIF) - 2022
The average import price for wool, not carded or combed stood at $3,674 per ton in 2022, which is down by -14.9% against the previous year. Overall, the import price showed a noticeable slump. The growth pace was the most rapid in 2018 an increase of 49% against the previous year. As a result, import price attained the peak level of $5,448 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -2.9% per year.
Exports of Wool, Not Carded or Combed in New Zealand
Wool, not carded or combed exports from New Zealand skyrocketed to 130K tons in 2022, increasing by 31% compared with the previous year's figure. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, wool, not carded or combed exports skyrocketed to $413M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.1% against 2020 indices. 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 New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 164 | 96.1 | 111 | 157 | -1.4% |
| India | 24.8 | 25.3 | 35.3 | 53.3 | 29.1% |
| Italy | 25.7 | 20.9 | 37.3 | 48.3 | 23.4% |
| United Kingdom | 24.1 | 15.9 | 20.8 | 22.7 | -2.0% |
| Australia | 12.0 | 11.8 | 15.9 | 16.6 | 11.4% |
| Nepal | 7.4 | 6.3 | 8.7 | 12.6 | 19.4% |
| Germany | 5.7 | 4.5 | 8.9 | 12.6 | 30.3% |
| Lithuania | 6.5 | 5.2 | 7.8 | 11.1 | 19.5% |
| Czech Republic | 16.1 | 8.1 | 7.1 | 11.0 | -11.9% |
| United States | 5.4 | 6.6 | 7.4 | 9.5 | 20.7% |
| Thailand | 4.6 | 4.0 | 6.0 | 7.7 | 18.7% |
| Others | 46.7 | 35.2 | 34.9 | 51.1 | 3.0% |
| Total | 343 | 240 | 301 | 413 | 6.4% |
Top Export Markets for Wool, Not Carded or Combed from New Zealand in 2022:
- China (43.8K tons)
- India (21.8K tons)
- Italy (9.7K tons)
- United Kingdom (8.3K tons)
- Germany (5.6K tons)
- Nepal (5.3K tons)
- Lithuania (4.7K tons)
- Australia (4.5K tons)
- Czech Republic (3.9K tons)
- Thailand (3.1K tons)
- United States (2.2K tons)
Imports of Wool, Not Carded or Combed in New Zealand
In 2022, overseas purchases of wool, not carded or combed decreased by -60.5% to 71 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 100%. As a result, imports attained the peak of 339 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, wool, not carded or combed imports declined sharply to $260K in 2022. Overall, imports saw a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 42%. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Wool, Not Carded or Combed in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 849 | 701 | 768 | 260 | -32.6% |
| China | N/A | 82.5 | N/A | N/A | 0% |
| United Kingdom | N/A | 121 | N/A | N/A | 0% |
| Others | N/A | 299 | 5.3 | N/A | -98.2% |
| Total | 849 | 1,203 | 774 | 260 | -32.6% |
Top Suppliers of Wool, Not Carded or Combed to New Zealand in 2022:
- Australia (70.8 tons)
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