China - Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWool Price in China - 2023
Contents:
- Wool Price in China (CIF) - 2023
- Wool Price in China (FOB) - 2023
- Wool Imports in China
- Wool Exports in China
Wool Price in China (CIF) - 2023
In September 2023, the average wool import price amounted to $1,311 per ton, declining by -2.5% against the previous month. In general, the import price continues to indicate a mild descent. The pace of growth was the most pronounced in March 2023 when the average import price increased by 24% m-o-m. The import price peaked at $1,918 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Uruguay ($3,275 per ton), while the price for Algeria ($808 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the UK (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Wool Price in China (FOB) - 2023
The average wool export price stood at $3,405 per ton in September 2023, dropping by -2.3% against the previous month. Overall, the export price saw a noticeable decline. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 33% month-to-month. As a result, the export price reached the peak level of $5,275 per ton. From June 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Japan ($10,055 per ton), while the average price for exports to India ($1,601 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 Denmark (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Wool Imports in China
In 2022, approx. 58K tons of wool were imported into China; growing by 23% on 2021 figures. In general, imports, however, recorded a noticeable downturn.
In value terms, wool imports expanded slightly to $95M in 2022. Overall, imports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 14%.
| Import of Wool in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 59.8 | 30.4 | 25.8 | 29.0 | -21.4% |
| Mongolia | 16.5 | 9.5 | 7.3 | 18.0 | 2.9% |
| Turkey | 12.1 | 11.2 | 11.3 | 11.6 | -1.4% |
| United Kingdom | 16.4 | 8.8 | 10.7 | 11.0 | -12.5% |
| Uruguay | 36.2 | 9.5 | 13.8 | 6.2 | -44.5% |
| Kazakhstan | 0.8 | 0.6 | 4.8 | 5.5 | 90.1% |
| Russia | 2.3 | 0.6 | 3.9 | 3.8 | 18.2% |
| Algeria | 1.4 | 1.2 | 1.8 | 1.7 | 6.7% |
| Others | 17.3 | 8.4 | 11.9 | 7.8 | -23.3% |
| Total | 163 | 80.2 | 91.3 | 94.6 | -16.6% |
Top Suppliers of Wool to China in 2022:
- Mongolia (17.9K tons)
- New Zealand (12.6K tons)
- Turkey (6.1K tons)
- United Kingdom (5.6K tons)
- Russia (4.4K tons)
- Kazakhstan (4.2K tons)
- Algeria (2.1K tons)
- Uruguay (1.3K tons)
Wool Exports in China
In 2022, wool exports from China totaled 5.8K tons, standing approx. at the year before. Over the period under review, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year.
In value terms, wool exports contracted to $26M in 2022. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 25% against the previous year.
| Export of Wool in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 11.1 | 7.5 | 8.7 | 9.1 | -6.4% |
| South Korea | 5.3 | 2.0 | 2.2 | 3.3 | -14.6% |
| Nepal | 2.9 | 1.3 | 2.2 | 3.2 | 3.3% |
| Italy | 1.6 | 1.7 | 4.6 | 2.1 | 9.5% |
| Germany | 2.0 | 3.4 | 2.3 | 1.8 | -3.5% |
| United Kingdom | 4.3 | 1.7 | 1.6 | 1.6 | -28.1% |
| Australia | 0.6 | 1.1 | 2.0 | 1.2 | 26.0% |
| Denmark | 0.7 | 0.7 | 0.7 | 0.6 | -5.0% |
| Others | 3.3 | 2.4 | 3.0 | 2.7 | -6.5% |
| Total | 31.7 | 21.8 | 27.3 | 25.6 | -6.9% |
Top Export Markets for Wool from China in 2022:
- United Kingdom (1178.3 tons)
- Nepal (1100.6 tons)
- Japan (1093.7 tons)
- South Korea (488.1 tons)
- Denmark (476.9 tons)
- Germany (423.9 tons)
- Australia (269.6 tons)
- Italy (213.7 tons)
This report provides an in-depth analysis of the wool market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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