Wool; Carded Price in Belarus - 2022

Wool; Carded Price in Belarus (CIF) - 2022

In 2022, the average wool; carded import price amounted to $3,561 per ton, rising by 24% against the previous year. Overall, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 69%. As a result, import price reached the peak level of $11,485 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($3,545 per ton), while the price for Ukraine ($2,503 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Wool; Carded Price in Belarus (FOB) - 2022

The average wool; carded export price stood at $4,377 per ton in 2022, which is down by -35.8% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wool; carded export price decreased by -37.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 65%. The export price peaked at $7,028 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +2.6% per year.

Wool; Carded Imports in Belarus

In 2022, the amount of wool; carded imported into Belarus declined to 87 tons, reducing by -9.9% compared with the year before. Overall, imports faced a abrupt descent. The smallest decline of -8.7% was in 2020.

In value terms, wool; carded imports rose markedly to $311K in 2022. Over the period under review, imports showed a deep slump.

Import of Wool; Carded in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	249	165	223	212	-5.2%
Turkey	N/A	N/A	0.1	86.6	86500.0%
Ukraine	253	158	50.8	5.2	-72.6%
Others	21.2	19.8	5.3	6.8	-31.5%
Total	523	342	279	311	-15.9%

Top Suppliers of Wool; Carded to Belarus in 2022:

Russia (59.8 tons)
Turkey (24.4 tons)
Ukraine (2.1 tons)

Wool; Carded Exports in Belarus

Wool; carded exports from Belarus skyrocketed to 35 tons in 2022, increasing by 115% compared with the previous year. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wool; carded exports soared to $155K in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 122%. The exports peaked in 2022 and are expected to retain growth in years to come.