Saudi Arabia - Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWool Price in Saudi Arabia - 2021
Contents:
- Wool Price in Saudi Arabia (FOB) - 2022
- Wool Price in Saudi Arabia (CIF) - 2022
- Wool Exports in Saudi Arabia
- Wool Imports in Saudi Arabia
Wool Price in Saudi Arabia (FOB) - 2022
In 2022, the average wool export price amounted to $888 per ton, which is down by -10.7% against the previous year. In general, the export price showed a perceptible contraction. The pace of growth was the most pronounced in 2021 an increase of 32% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,202 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,430 per ton), while the average price for exports to India ($815 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.
Wool Price in Saudi Arabia (CIF) - 2022
The average wool import price stood at $61,625 per ton in 2022, picking up by 158% against the previous year. In general, the import price saw a significant increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 9,981% against the previous year. As a result, import price reached the peak level of $179,390 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Egypt.
From 2013 to 2022, the rate of growth in terms of prices for China amounted to +35.0% per year.
Wool Exports in Saudi Arabia
Wool exports from Saudi Arabia reduced to 1.5K tons in 2022, declining by -12.8% compared with the year before. Overall, exports saw a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of 1.7K tons, and then shrank in the following year.
In value terms, wool exports dropped notably to $1.3M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. As a result, the exports reached the peak of $1.7M, and then fell rapidly in the following year.
Export of Wool in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 788 | 860 | 1,291 | 1,030 | 9.3% |
Lithuania | N/A | 28.2 | 68.4 | 79.6 | 68.0% |
United Kingdom | N/A | 21.2 | 188 | 79.3 | 93.4% |
China | N/A | N/A | N/A | 32.9 | 0% |
Turkey | 335 | N/A | N/A | N/A | 0% |
Others | N/A | 32.1 | 127 | 81.1 | 58.9% |
Total | 1,123 | 942 | 1,674 | 1,303 | 5.1% |
Top Export Markets for Wool from Saudi Arabia in 2022:
- India (1264.3 tons)
- Lithuania (58.0 tons)
- United Kingdom (55.4 tons)
- China (30.6 tons)
Wool Imports in Saudi Arabia
In 2022, after three years of growth, there was significant decline in overseas purchases of wool, when their volume decreased by -79.9% to 32 kg. In general, imports saw a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 148% against the previous year. As a result, imports reached the peak of 159 kg, and then declined sharply in the following year.
In value terms, wool imports reduced sharply to $2K in 2022. Over the period under review, imports faced a precipitous curtailment. The smallest decline of -3.9% was in 2021.
Import of Wool in Saudi Arabia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | N/A | N/A | N/A | 2.0 | 0% |
China | N/A | N/A | 1.9 | N/A | 0% |
Germany | 7.4 | N/A | N/A | N/A | 0% |
France | N/A | 3.9 | N/A | N/A | 0% |
Pakistan | N/A | N/A | 1.9 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 7.4 | 3.9 | 3.8 | 2.0 | -35.3% |
Top Suppliers of Wool to Saudi Arabia in 2022:
- Egypt (32.0 kg)
This report provides an in-depth analysis of the wool market in Saudi Arabia. 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:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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
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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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