Price for Yarn of Combed Wool, Not Put Up for Retail Sale in the UK - 2024
Contents:
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in the UK (CIF) - 2024
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in the UK (FOB) - 2024
- Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in the UK
- Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in the UK
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in the UK (CIF) - 2024
In January 2024, the average import price for yarn of combed wool, not put up for retail sale amounted to $17,750 per ton, dropping by -6.7% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 29% month-to-month. The import price peaked at $19,017 per ton in December 2023, and then declined in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Peru ($40,709 per ton), while the price for Spain ($3,505 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Peru (+1.0%), 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 the UK (FOB) - 2024
The average export price for yarn of combed wool, not put up for retail sale stood at $13,330 per ton in January 2024, with a decrease of -8.8% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 12% m-o-m. Over the period under review, the average export prices reached the maximum at $17,363 per ton in June 2023; however, from July 2023 to January 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($50,363 per ton), while the average price for exports to Ireland ($5,685 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in the UK
In 2022, the amount of yarn of combed wool, not put up for retail sale imported into the UK declined significantly to 4K tons, with a decrease of -16.6% against 2021. Over the period under review, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 34%.
In value terms, imports of yarn of combed wool, not put up for retail sale dropped slightly to $66M in 2022. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year.
| Import of Yarn of Combed Wool, Not Put Up for Retail Sale in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 32.5 | 14.3 | 17.3 | 21.5 | -12.9% |
| Bulgaria | 1.8 | 5.4 | N/A | 10.7 | 81.1% |
| Italy | 19.4 | 7.7 | 7.3 | 8.8 | -23.2% |
| Peru | 5.2 | 4.5 | 6.2 | 6.2 | 6.0% |
| Romania | 3.3 | 0.1 | 0.2 | 5.6 | 19.3% |
| Poland | 7.3 | 0.8 | N/A | 5.2 | -10.7% |
| Spain | N/A | N/A | N/A | 1.8 | 0% |
| Germany | 39.1 | 13.6 | 33.2 | 1.3 | -67.8% |
| Portugal | 2.7 | 1.5 | 2.1 | N/A | -11.8% |
| Others | 2.6 | 2.0 | 2.1 | 4.7 | 21.8% |
| Total | 114 | 49.9 | 68.4 | 65.8 | -16.7% |
Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to the UK in 2022:
- India (1597.3 tons)
- Bulgaria (952.1 tons)
- Spain (330.3 tons)
- Poland (238.8 tons)
- Romania (220.3 tons)
- Italy (210.5 tons)
- Peru (166.7 tons)
- Germany (76.4 tons)
- Portugal (0.2 tons)
Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in the UK
In 2022, the amount of yarn of combed wool, not put up for retail sale exported from the UK reduced to 1.8K tons, which is down by -6.1% on the previous year's figure. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.9% 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 +61.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 72%. As a result, the exports attained the peak of 2K tons, and then shrank in the following year.
In value terms, exports of yarn of combed wool, not put up for retail sale declined remarkably to $28M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.1% 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 +55.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 84%. As a result, the exports reached the peak of $33M, and then declined markedly in the following year.
| Export of Yarn of Combed Wool, Not Put Up for Retail Sale in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 6.8 | 7.9 | 10.4 | 11.2 | 18.1% |
| Lithuania | 3.6 | 1.3 | 5.8 | 5.1 | 12.3% |
| Netherlands | 0.4 | 0.4 | 2.1 | 3.9 | 113.6% |
| United States | 1.5 | 1.1 | 2.2 | 1.6 | 2.2% |
| Norway | 1.4 | 1.5 | 6.5 | 1.5 | 2.3% |
| Ireland | 1.9 | 1.3 | 0.7 | 0.6 | -31.9% |
| Jordan | 0.5 | N/A | 0.6 | 0.5 | 0.0% |
| Others | 3.6 | 4.4 | 4.6 | 3.5 | -0.9% |
| Total | 19.7 | 17.9 | 33.0 | 27.8 | 12.2% |
Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from the UK in 2022:
- Finland (717.4 tons)
- Lithuania (503.3 tons)
- United States (173.8 tons)
- Norway (110.0 tons)
- Netherlands (81.8 tons)
- Ireland (64.0 tons)
- Jordan (40.8 tons)
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