Sweden: Wool Market 2024

Wool Market Size in Sweden

The Swedish wool market dropped dramatically to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Wool Exports

Exports from Sweden

In 2022, wool exports from Sweden fell rapidly to X tons, with a decrease of X% compared with 2021. Overall, exports, however, recorded a measured increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, wool exports fell rapidly to $X in 2022. Over the period under review, exports showed a slight curtailment. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

Norway (X tons) was the main destination for wool exports from Sweden, with a X% share of total exports. Moreover, wool exports to Norway exceeded the volume sent to the second major destination, the UK (X kg), sixfold. Switzerland (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Switzerland (X% per year).

In value terms, Norway ($X) remains the key foreign market for wool exports from Sweden, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Switzerland (X.6% per year).

Export Prices by Country

The average wool export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the United States ($X 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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Wool Imports

Imports into Sweden

In 2022, approx. X tons of wool were imported into Sweden; which is down by X% compared with the previous year. Overall, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, wool imports fell notably to $X in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of wool to Sweden, accounting for a X% share of total imports. Moreover, wool imports from New Zealand exceeded the figures recorded by the second-largest supplier, the UK (X tons), sixfold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and India (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of wool to Sweden, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from New Zealand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and India (X% per year).

Import Prices by Country

The average wool import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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