Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Bangladesh - 2022
Contents:
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Bangladesh (CIF) - 2022
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Bangladesh (FOB) - 2022
- Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Bangladesh
- Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Bangladesh
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Bangladesh (CIF) - 2022
In 2022, the average import price for yarn of combed wool, not put up for retail sale amounted to $23,515 per ton, increasing by 8.5% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for yarn of combed wool, not put up for retail sale increased by +12.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs at $24,426 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($27,013 per ton), while the price for Turkey ($2,316 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Bangladesh (FOB) - 2022
In 2022, the average export price for yarn of combed wool, not put up for retail sale amounted to $16,281 per ton, with a decrease of -40.8% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the average export price increased by 99%. The export price peaked at $27,479 per ton in 2021, and then dropped remarkably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($30,912 per ton), while the average price for exports to the United Arab Emirates amounted to $13,251 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+16.0%).
Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Bangladesh
For the fourth year in a row, Bangladesh recorded growth in overseas purchases of yarn of combed wool, not put up for retail sale, which increased by 23% to 1.4K tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.1% 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 +56.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of yarn of combed wool, not put up for retail sale soared to $33M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +57.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Yarn of Combed Wool, Not Put Up for Retail Sale in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.0 | 18.6 | 22.3 | 29.7 | 18.2% |
| Vietnam | N/A | 0.5 | 0.9 | 2.2 | 109.8% |
| India | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| Hong Kong SAR | 0.4 | 0.7 | 0.2 | 0.4 | 0.0% |
| Italy | 3.2 | 0.7 | 0.9 | 0.3 | -54.6% |
| Others | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
| Total | 22.1 | 21.1 | 24.8 | 33.2 | 14.5% |
Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to Bangladesh in 2022:
- China (1255.6 tons)
- Vietnam (85.4 tons)
- India (27.7 tons)
- Hong Kong SAR (19.8 tons)
- Italy (10.2 tons)
Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Bangladesh
In 2022, overseas shipments of yarn of combed wool, not put up for retail sale decreased by -91.2% to 463 kg, falling for the second consecutive year after two years of growth. Overall, exports saw a significant contraction. The pace of growth was the most pronounced in 2020 when exports increased by 37%. As a result, the exports reached the peak of 13 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of yarn of combed wool, not put up for retail sale reduced sharply to $7.5K in 2022. Over the period under review, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2020 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $267K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Yarn of Combed Wool, Not Put Up for Retail Sale in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 152 | 155 | 44.9 | 5.1 | -67.7% |
| Turkey | 63.7 | 62.1 | 49.2 | 2.1 | -67.9% |
| China | 9.1 | 48.4 | 27.4 | 0.2 | -72.0% |
| Others | 1.5 | 1.7 | 22.6 | 0.1 | -59.5% |
| Total | 226 | 267 | 144 | 7.5 | -67.9% |
Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from Bangladesh in 2022:
- United Arab Emirates (387.0 kg)
- Turkey (68.0 kg)
- China (1.0 kg)
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