Eastern Europe: Wool Market 2024

Wool Market Size in Eastern Europe

The East European wool market fell to $X in 2022, declining by X% against the previous year. In general, consumption saw a abrupt descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wool Production in Eastern Europe

In value terms, wool production declined slightly to $X in 2022 estimated in export price. Overall, production recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Wool Exports

Exports in Eastern Europe

In 2022, overseas shipments of wool increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wool exports skyrocketed to $X in 2022. In general, exports, however, saw a pronounced decrease. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) and Belarus (X tons) prevails in exports structure, together constituting X% of total exports. Latvia (X tons), Lithuania (X tons), Bulgaria (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Russia ($X) and Latvia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Lithuania, Bulgaria and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Wool Imports

Imports in Eastern Europe

In 2022, imports of wool in Eastern Europe shrank modestly to X tons, dropping by X% compared with the previous year's figure. In general, imports saw a mild descent. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wool imports amounted to $X in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Lithuania was the major importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Russia (X tons), Poland (X tons), Belarus (X tons) and Hungary (X tons), together committing a X% share of total imports. The following importers - Latvia (X tons) and Estonia (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wool imports into Lithuania stood at X%. At the same time, Estonia (X%) and Latvia (X%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%), Russia (X%), Belarus (X%) and Poland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Lithuania, Estonia and Latvia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Lithuania ($X) constitutes the largest market for imported wool in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with an X% share of total imports. It was followed by Belarus, with a X% share.

In Lithuania, wool imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 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 Belarus ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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