Wool; Carded Price in Russia - 2022

Contents:

1. Wool; Carded Price in Russia (CIF) - 2022
2. Wool; Carded Price in Russia (FOB) - 2022
3. Wool; Carded Imports in Russia
4. Wool; Carded Exports in Russia

Wool; Carded Price in Russia (CIF) - 2022

The average wool; carded import price stood at $4,076 per ton in 2022, with an increase of 56% against the previous year. Over the period under review, the import price saw a mild increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 97%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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 Latvia ($11,891 per ton), while the price for Belarus totaled $578 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Wool; Carded Price in Russia (FOB) - 2022

The average wool; carded export price stood at $2,171 per ton in 2022, surging by 1.5% against the previous year. Over the period under review, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 267%. As a result, the export price reached the peak level of $2,712 per ton. From 2018 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 Belarus.

From 2012 to 2022, the rate of growth in terms of prices for Ukraine amounted to +5.0% per year.

Wool; Carded Imports in Russia

Wool; carded imports into Russia fell significantly to 87 tons in 2022, with a decrease of -59.8% compared with 2021. Overall, imports faced a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 290% against the previous year.

In value terms, wool; carded imports reduced markedly to $353K in 2022. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 298%.

Top Suppliers of Wool; Carded to Russia in 2022:

1. Belarus (59.8 tons)
2. Latvia (26.8 tons)

Wool; Carded Exports in Russia

In 2022, shipments abroad of wool; carded decreased by -18.4% to 44 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 675%. As a result, the exports attained the peak of 101 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wool; carded exports contracted markedly to $96K in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 257%.

Top Export Markets for Wool; Carded from Russia in 2022:

1. Belarus (43.9 tons)

Source: IndexBox Market Intelligence Platform