Wool; Carded Price in Malaysia - 2022
Contents:
- Wool; Carded Price in Malaysia (CIF) - 2022
- Wool; Carded Price in Malaysia (FOB) - 2022
- Wool; Carded Imports in Malaysia
- Wool; Carded Exports in Malaysia
Wool; Carded Price in Malaysia (CIF) - 2022
In 2022, the average wool; carded import price amounted to $9,367 per ton, with a decrease of -31% against the previous year. Over the period under review, the import price, however, continues to indicate a slight increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53% against the previous year. As a result, import price reached the peak level of $13,577 per ton, and then dropped markedly in the following year.
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 Japan ($34,839 per ton), while the price for Australia ($5,091 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Wool; Carded Price in Malaysia (FOB) - 2022
In 2022, the average wool; carded export price amounted to $14,790 per ton, waning by -13.4% against the previous year. Overall, the export price, however, recorded resilient growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 104%. The export price peaked at $17,071 per ton in 2021, and then declined in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($16,163 per ton), while the average price for exports to China totaled $14,701 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Wool; Carded Imports in Malaysia
In 2022, the amount of wool; carded imported into Malaysia surged to 4.3 tons, jumping by 383% against 2021 figures. In general, imports, however, faced a abrupt curtailment.
In value terms, wool; carded imports soared to $40K in 2022. Overall, imports, however, showed a deep contraction.
| Import of Wool; Carded in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 25.7 | 27.7 | 4.5 | 15.4 | -15.7% |
| Germany | 15.0 | 13.9 | 2.3 | 8.2 | -18.2% |
| New Zealand | 6.9 | 8.9 | 1.7 | 7.1 | 1.0% |
| Japan | 9.1 | 9.4 | 1.5 | 4.8 | -19.2% |
| China | 4.0 | 6.7 | 1.1 | 3.8 | -1.7% |
| Others | 1.4 | 2.0 | 1.0 | 1.1 | -7.7% |
| Total | 62.0 | 68.6 | 12.1 | 40.3 | -13.4% |
Top Suppliers of Wool; Carded to Malaysia in 2022:
- Australia (3017.0 kg)
- Germany (589.0 kg)
- New Zealand (321.0 kg)
- China (221.0 kg)
- Japan (137.0 kg)
Wool; Carded Exports in Malaysia
After three years of growth, overseas shipments of wool; carded decreased by -5.5% to 7.5 tons in 2022. The total export volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year.
In value terms, wool; carded exports plummeted to $111K in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 133%.
| Export of Wool; Carded in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.5 | 81.2 | 131 | 104 | 59.8% |
| Singapore | 2.1 | 4.8 | 5.0 | 7.4 | 52.2% |
| Ukraine | 7.9 | N/A | N/A | N/A | 0% |
| Others | 1.6 | 0.5 | N/A | N/A | -68.8% |
| Total | 37.1 | 86.5 | 136 | 111 | 44.1% |
Top Export Markets for Wool; Carded from Malaysia in 2022:
- China (7.1 tons)
- Singapore (0.5 tons)
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