Australia - Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWool Price in Australia - 2023
Contents:
- Wool Price in Australia (FOB) - 2023
- Wool Price in Australia (CIF) - 2023
- Wool Exports in Australia
- Wool Imports in Australia
Wool Price in Australia (FOB) - 2023
In September 2023, the average wool export price amounted to $7,333 per ton, approximately reflecting the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 6.6% m-o-m. Over the period under review, the average export prices attained the maximum at $8,869 per ton in January 2023; however, from February 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($10,035 per ton), while the average price for exports to China ($3,949 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Wool Price in Australia (CIF) - 2023
The average wool import price stood at $2,901 per ton in September 2023, growing by 18% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 36% against the previous month. The import price peaked at $3,371 per ton in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for New Zealand.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to +4.3% per month.
Wool Exports in Australia
Wool exports from Australia stood at 16K tons in 2022, with an increase of 12% against the previous year's figure. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, wool exports rose sharply to $138M in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 40%.
| Export of Wool in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 58.1 | 34.1 | 42.6 | 39.7 | -11.9% |
| Thailand | 15.7 | 7.7 | 16.7 | 26.0 | 18.3% |
| Italy | 17.4 | 9.6 | 15.4 | 20.3 | 5.3% |
| Germany | 8.6 | 5.2 | 8.0 | 8.4 | -0.8% |
| China | 3.6 | 3.3 | 5.8 | 8.4 | 32.6% |
| United Arab Emirates | 8.9 | 4.3 | 5.0 | 8.0 | -3.5% |
| Japan | 11.1 | 3.4 | 4.4 | 6.1 | -18.1% |
| United Kingdom | 11.7 | 5.9 | 9.5 | 5.5 | -22.2% |
| India | 16.3 | 4.8 | 3.8 | 3.4 | -40.7% |
| United States | 3.6 | 1.7 | 1.8 | 3.2 | -3.9% |
| Turkey | 3.5 | 3.6 | 3.1 | 1.3 | -28.1% |
| Others | 13.2 | 6.6 | 9.5 | 7.6 | -16.8% |
| Total | 172 | 90.1 | 126 | 138 | -7.1% |
Top Export Markets for Wool from Australia in 2022:
- South Korea (4.8K tons)
- Thailand (2.4K tons)
- Italy (2.1K tons)
- Germany (1.7K tons)
- China (1.0K tons)
- United Arab Emirates (0.7K tons)
- United Kingdom (0.7K tons)
- Japan (0.7K tons)
- United States (0.5K tons)
- India (0.4K tons)
- Turkey (0.1K tons)
Wool Imports in Australia
For the third consecutive year, Australia recorded decline in purchases abroad of wool, which decreased by -7.4% to 1.7K tons in 2022. Overall, imports continue to indicate a perceptible reduction. The smallest decline of -0.8% was in 2020.
In value terms, wool imports rose sharply to $4.7M in 2022. Over the period under review, imports saw a deep downturn.
| Import of Wool in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 5.7 | 4.7 | 4.1 | 4.0 | -11.1% |
| China | N/A | 0.1 | N/A | 0.5 | 123.6% |
| United Kingdom | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.9 | 4.8 | 4.4 | 4.7 | -7.3% |
Top Suppliers of Wool to Australia in 2022:
- New Zealand (1567.0 tons)
- China (87.2 tons)
- United Kingdom (72.7 tons)
This report provides an in-depth analysis of the wool market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13102200 - Wool, degreased or carbonised, not carded or combed
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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