Price for Wool, Not Carded or Combed in the United Arab Emirates - 2021
Contents:
- Price for Wool, Not Carded or Combed in the United Arab Emirates (FOB) - 2022
- Price for Wool, Not Carded or Combed in the United Arab Emirates (CIF) - 2022
- Exports of Wool, Not Carded or Combed in the United Arab Emirates
- Imports of Wool, Not Carded or Combed in the United Arab Emirates
Price for Wool, Not Carded or Combed in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for wool, not carded or combed amounted to $511 per ton, waning by -3.5% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 132%. As a result, the export price reached the peak level of $1,692 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -4.8% per year.
Price for Wool, Not Carded or Combed in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for wool, not carded or combed amounted to $3,664 per ton, which is down by -6.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 36% against the previous year. Over the period under review, average import prices reached the peak figure at $4,478 per ton in 2014; however, from 2015 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 Uruguay ($7,141 per ton), while the price for New Zealand ($1,607 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+21.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wool, Not Carded or Combed in the United Arab Emirates
In 2022, overseas shipments of wool, not carded or combed decreased by -14.9% to 5.4K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 95%. As a result, the exports reached the peak of 6.3K tons, and then dropped in the following year.
In value terms, wool, not carded or combed exports contracted sharply to $2.8M in 2022. Over the period under review, total exports indicated pronounced growth from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56%. As a result, the exports reached the peak of $3.4M, and then contracted remarkably in the following year.
| Export of Wool, Not Carded or Combed in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.4 | 2.1 | 3.4 | 2.8 | 5.3% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 2.4 | 2.2 | 3.4 | 2.8 | 5.3% |
Top Export Markets for Wool, Not Carded or Combed from the United Arab Emirates in 2022:
- India (5.4K tons)
Imports of Wool, Not Carded or Combed in the United Arab Emirates
In 2022, overseas purchases of wool, not carded or combed decreased by -23.1% to 429 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 86%.
In value terms, wool, not carded or combed imports dropped markedly to $1.6M in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 130%.
| Import of Wool, Not Carded or Combed in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 319 | 616 | 1,705 | 1,083 | 50.3% |
| New Zealand | 88.7 | 304 | 395 | 397 | 64.8% |
| Uruguay | N/A | N/A | 0.1 | 78.6 | 78500.0% |
| Pakistan | 6.5 | 24.7 | 80.5 | N/A | 251.9% |
| Others | 0.7 | 7.5 | 6.2 | 11.4 | 153.5% |
| Total | 415 | 953 | 2,187 | 1,570 | 55.8% |
Top Suppliers of Wool, Not Carded or Combed to the United Arab Emirates in 2022:
- New Zealand (247.1 tons)
- Australia (165.2 tons)
- Uruguay (11.0 tons)
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