U.S. - Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWool Price in the United States - 2023
Contents:
- Wool Price in the United States (CIF) - 2023
- Wool Price in the United States (FOB) - 2022
- Wool Imports in the United States
- Wool Exports in the United States
Wool Price in the United States (CIF) - 2023
The average wool import price stood at $7,725 per ton in September 2023, surging by 17% against the previous month. Over the period under review, import price indicated a pronounced increase from September 2022 to September 2023: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, wool import price increased by +94.0% against July 2023 indices. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 66% month-to-month. The import price peaked in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($9,790 per ton), while the price for Canada ($4,916 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 New Zealand (+9.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Wool Price in the United States (FOB) - 2022
In 2022, the average wool export price amounted to $4,751 per ton, growing by 25% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($4,978 per ton), while the average price for exports to the Netherlands ($2,604 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 China (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Wool Imports in the United States
In 2022, the amount of wool imported into the United States expanded rapidly to 2.5K tons, with an increase of 5.3% against the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 7.3%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, wool imports soared to $13M in 2022. Over the period under review, imports, however, continue to indicate a slight curtailment.
Import of Wool in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 5.7 | 5.6 | 6.5 | 5.6 | -0.6% |
Australia | 3.9 | 1.7 | 1.5 | 3.2 | -6.4% |
Uruguay | 1.9 | 1.2 | 1.3 | 2.0 | 1.7% |
United Kingdom | 0.7 | 0.3 | 0.1 | 0.7 | 0.0% |
Canada | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
Germany | N/A | N/A | N/A | 0.2 | 0% |
Belgium | 0.1 | N/A | 0.3 | 0.2 | 26.0% |
Italy | 0.2 | 0.5 | 0.2 | 0.1 | -20.6% |
South Africa | 0.4 | 0.3 | 0.2 | N/A | -29.3% |
Others | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
Total | 13.3 | 10.0 | 10.6 | 12.7 | -1.5% |
Top Suppliers of Wool to the United States in 2022:
- New Zealand (1243.2 tons)
- Australia (531.8 tons)
- United Kingdom (232.8 tons)
- Uruguay (225.5 tons)
- Canada (59.4 tons)
- Germany (52.9 tons)
- Belgium (50.7 tons)
- Italy (23.3 tons)
Wool Exports in the United States
In 2022, the amount of wool exported from the United States surged to 411 tons, growing by 27% against the year before. The total export volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, wool exports soared to $2M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Wool in the United States (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 883 | 943 | 1,012 | 1,692 | 24.2% |
Canada | 181 | 106 | 68.2 | 86.0 | -22.0% |
Belgium | N/A | N/A | 53.5 | 84.8 | 58.5% |
Israel | N/A | 9.6 | N/A | 33.4 | 86.5% |
Netherlands | 53.3 | 13.0 | 4.4 | 17.1 | -31.5% |
Bangladesh | N/A | 159 | N/A | N/A | 0% |
Brazil | N/A | 170 | N/A | N/A | 0% |
Others | 185 | 72.4 | 98.0 | 37.0 | -41.5% |
Total | 1,303 | 1,473 | 1,236 | 1,951 | 14.4% |
Top Export Markets for Wool from the United States in 2022:
- Mexico (339.9 tons)
- Canada (23.4 tons)
- Belgium (23.1 tons)
- Israel (9.1 tons)
- Netherlands (6.6 tons)
This report provides an in-depth analysis of the wool market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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In June 2022, the wool price per tonamounted to $5,184 per ton, with a decrease of -12.7% against the previous month.
Exports of Greasy Wool saw a significant increase, reaching a value of $1.1M in June 2023.
Discover the key importing countries and trends in the global market for wool, driven by the demand for natural and sustainable fibers. China, India, Italy, South Korea, and Malaysia lead the industry, offering opportunities for exporters to tap into these lucrative markets.
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