ASEAN: Noils Of Wool Market 2024

Noils Of Wool Market Size in ASEAN

The ASEAN noils of wool market expanded to $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate a prominent expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Noils Of Wool Production in ASEAN

In value terms, noils of wool production rose slightly to $X in 2022 estimated in export price. In general, production recorded a strong increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Noils Of Wool Exports

Exports in ASEAN

In 2022, shipments abroad of noils of wool or fine animal hair increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed a buoyant expansion. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, noils of wool exports soared to $X in 2022. In general, exports posted a pronounced increase. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the main exporting country with an export of around X tons, which recorded X% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by Vietnam (X tons). All these countries together took near X% share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest noils of wool supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, reducing by X% against the previous year. In general, the export price recorded a pronounced decline. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Noils Of Wool Imports

Imports in ASEAN

In 2022, approx. X kg of noils of wool or fine animal hair were imported in ASEAN; waning by X% on the year before. Over the period under review, imports faced a precipitous slump. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, noils of wool imports reduced markedly to $X in 2022. In general, imports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Philippines dominates imports structure, amounting to X kg, which was approx. X% of total imports in 2022. The following importers - Singapore (X kg) and Thailand (X kg) - each recorded a X% share of total imports.

The Philippines was also the fastest-growing in terms of the noils of wool or fine animal hair imports, with a CAGR of X% from 2012 to 2022. Singapore (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines and Singapore increased by X and X percentage points, respectively.

In value terms, the Philippines ($X) constitutes the largest market for imported noils of wool or fine animal hair in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports.

In the Philippines, noils of wool imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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