MERCOSUR: Wool Market 2024

Wool Market Size in MERCOSUR

The MERCOSUR wool market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wool Production in MERCOSUR

In value terms, wool production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wool Exports

Exports in MERCOSUR

In 2022, the amount of wool exported in MERCOSUR reduced notably to X tons, shrinking by X% compared with 2021 figures. Over the period under review, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wool exports shrank remarkably to $X in 2022. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Uruguay represented the main exporter of wool in MERCOSUR, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Argentina (X tons), achieving a X% share of total exports. Chile (X tons) and Peru (X tons) followed a long way behind the leaders.

Uruguay was also the fastest-growing in terms of the wool exports, with a CAGR of X% from 2012 to 2022. Chile (X%), Argentina (X%) and Peru (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uruguay increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Uruguay ($X) remains the largest wool supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Uruguay, wool exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price showed a slight descent. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted rapidly in the following year.

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 Uruguay ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Wool Imports

Imports in MERCOSUR

In 2022, purchases abroad of wool was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, wool imports skyrocketed to $X in 2022. Overall, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Brazil was the key importer of wool in MERCOSUR, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Colombia (X tons), Ecuador (X tons), Chile (X tons), Uruguay (X tons) and Argentina (X tons), together constituting a X% share of total imports. Peru (X tons) took a little share of total imports.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Uruguay (X%), Chile (X%), Argentina (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Ecuador (X%) and Peru (X%) illustrated a downward trend over the same period. Chile (X p.p.), Uruguay (X p.p.), Colombia (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total imports, while Ecuador, Brazil and Peru saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest wool importing markets in MERCOSUR were Brazil ($X), Ecuador ($X) and Colombia ($X), with a combined X% share of total imports. Chile, Argentina, Uruguay and Peru lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Uruguay, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price continues to indicate a slight decrease. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ecuador ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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