Spain - Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWool Price in Spain - 2023
Contents:
- Wool Price in Spain (FOB) - 2023
- Wool Price in Spain (CIF) - 2022
- Wool Exports in Spain
- Wool Imports in Spain
Wool Price in Spain (FOB) - 2023
The average wool export price stood at $1,706 per ton in August 2023, falling by -16.9% against the previous month. Overall, export price indicated mild growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, wool export price decreased by -29.0% against May 2023 indices. The pace of growth was the most pronounced in October 2022 an increase of 46% m-o-m. The export price peaked at $2,472 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was the UK ($2,608 per ton), while the average price for exports to France amounted to $1,392 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Wool Price in Spain (CIF) - 2022
In 2022, the average wool import price amounted to $4,153 per ton, jumping by 51% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wool import price increased by +54.7% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($9,429 per ton), while the price for Turkey ($1,666 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Wool Exports in Spain
In 2022, after three years of growth, there was significant decline in overseas shipments of wool, when their volume decreased by -12.2% to 1.9K tons. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 120%. As a result, the exports reached the peak of 2.2K tons, and then contracted in the following year.
In value terms, wool exports fell to $4.1M in 2022. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 114% against the previous year. As a result, the exports attained the peak of $4.6M, and then declined in the following year.
| Export of Wool in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | N/A | N/A | 1,270 | 1,186 | -6.6% |
| Italy | 775 | 656 | 651 | 888 | 4.6% |
| United Kingdom | 375 | 711 | 839 | 715 | 24.0% |
| France | 128 | 154 | 225 | 376 | 43.2% |
| Mexico | 371 | 86.1 | 186 | 302 | -6.6% |
| Germany | 116 | 81.3 | 289 | 182 | 16.2% |
| Switzerland | N/A | N/A | 0.6 | 152 | 25233.3% |
| Portugal | 233 | 136 | 398 | 122 | -19.4% |
| China | 826 | 81.9 | 657 | 112 | -48.6% |
| Others | 144 | 263 | 124 | 49.6 | -29.9% |
| Total | 2,968 | 2,171 | 4,639 | 4,086 | 11.2% |
Top Export Markets for Wool from Spain in 2022:
- Lithuania (690.3 tons)
- United Kingdom (403.9 tons)
- Italy (239.6 tons)
- France (221.7 tons)
- Germany (95.8 tons)
- Mexico (83.2 tons)
- Switzerland (77.9 tons)
- Portugal (41.5 tons)
- China (40.4 tons)
Wool Imports in Spain
In 2022, approx. 853 tons of wool were imported into Spain; with an increase of 11% against 2021. Overall, imports, however, saw a noticeable downturn.
In value terms, wool imports surged to $3.5M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wool in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 150 | 42.1 | 127 | 1,705 | 124.8% |
| Australia | 752 | 669 | 700 | 828 | 3.3% |
| United Kingdom | 274 | 227 | 319 | 318 | 5.1% |
| Portugal | 955 | 1,012 | 289 | 278 | -33.7% |
| New Zealand | 392 | 226 | 522 | 261 | -12.7% |
| Turkey | N/A | 41.5 | 63.7 | 95.4 | 51.6% |
| Italy | 69.2 | 145 | 19.3 | 34.5 | -20.7% |
| Syrian Arab Republic | 84.7 | 79.0 | N/A | N/A | -6.7% |
| Morocco | 90.3 | N/A | 18.9 | N/A | -54.3% |
| Others | 157 | 121 | 55.3 | 24.7 | -46.0% |
| Total | 2,924 | 2,561 | 2,115 | 3,545 | 6.6% |
Top Suppliers of Wool to Spain in 2022:
- Germany (180.8 tons)
- Australia (167.2 tons)
- Portugal (166.5 tons)
- United Kingdom (154.1 tons)
- New Zealand (104.3 tons)
- Turkey (57.2 tons)
- Italy (16.6 tons)
This report provides an in-depth analysis of the wool market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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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