South Africa - Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWool Price in South Africa - 2023
Contents:
- Wool Price in South Africa (FOB) - 2022
- Wool Price in South Africa (CIF) - 2022
- Wool Exports in South Africa
- Wool Imports in South Africa
Wool Price in South Africa (FOB) - 2022
In 2022, the average wool export price amounted to $3,280 per ton, waning by -31.9% against the previous year. Over the period under review, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30% against the previous year. As a result, the export price attained the peak level of $10,777 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
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 Italy ($11,817 per ton), while the average price for exports to Lesotho ($1,420 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 Italy (+3.2%), while the prices for the other major destinations experienced a decline.
Wool Price in South Africa (CIF) - 2022
The average wool import price stood at $5,192 per ton in 2022, jumping by 30% against the previous year. In general, the import price saw a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of 73%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($8,859 per ton), while the price for the UK ($2,491 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+63.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Wool Exports in South Africa
For the third year in a row, South Africa recorded decline in shipments abroad of wool, which decreased by -45.1% to 105 tons in 2022. Over the period under review, exports saw a significant curtailment.
In value terms, wool exports shrank rapidly to $343K in 2022. In general, exports showed a dramatic decline. The smallest decline of -58.1% was in 2020.
| Export of Wool in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5,282 | 1,118 | 296 | 113 | -72.2% |
| Lesotho | 25.1 | 44.6 | 85.3 | 105 | 61.1% |
| Botswana | 10.7 | 3.1 | 1.7 | 80.0 | 95.5% |
| Germany | 3,673 | 1,666 | 248 | 28.0 | -80.3% |
| Swaziland | 9.4 | 5.2 | 9.9 | 7.4 | -7.7% |
| United States | 222 | 376 | 192 | 0.1 | -92.3% |
| Japan | 174 | 102 | 76.6 | N/A | -33.7% |
| China | 177 | 333 | N/A | N/A | 88.1% |
| India | 89.7 | 661 | 4.6 | N/A | -77.4% |
| Others | 639 | 5.0 | 2.9 | 9.5 | -75.4% |
| Total | 10,302 | 4,315 | 917 | 343 | -67.8% |
Top Export Markets for Wool from South Africa in 2022:
- United States (undefined tons)
- Lesotho (73.9 tons)
- Botswana (10.5 tons)
- Italy (9.6 tons)
- Germany (7.3 tons)
- Swaziland (1.8 tons)
Wool Imports in South Africa
In 2022, overseas purchases of wool were finally on the rise to reach 211 tons after two years of decline. In general, imports, however, continue to indicate a significant decline.
In value terms, wool imports skyrocketed to $1.1M in 2022. Overall, imports, however, faced a abrupt contraction.
| Import of Wool in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 733 | 0% |
| United Kingdom | 837 | 561 | 145 | 209 | -37.0% |
| New Zealand | 289 | 216 | 22.4 | 117 | -26.0% |
| Lesotho | 393 | N/A | 188 | 32.1 | -56.6% |
| Others | 63.3 | 1.3 | 26.8 | 7.0 | -52.0% |
| Total | 1,581 | 778 | 382 | 1,098 | -11.4% |
Top Suppliers of Wool to South Africa in 2022:
- United Kingdom (83.9 tons)
- Australia (82.8 tons)
- New Zealand (38.9 tons)
- Lesotho (4.8 tons)
This report provides an in-depth analysis of the wool market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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