Wool; Carded Price in the United States - 2023

Contents:

1. Wool; Carded Price in the United States (CIF) - 2022
2. Wool; Carded Price in the United States (FOB) - 2022
3. Wool; Carded Imports in the United States
4. Wool; Carded Exports in the United States

Wool; Carded Price in the United States (CIF) - 2022

The average wool; carded import price stood at $10,686 per ton in 2022, dropping by -10.5% against the previous year. In general, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 44% against the previous year. The import price peaked at $21,110 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 China ($218,519 per ton), while the price for the UK ($9,209 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+57.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Wool; Carded Price in the United States (FOB) - 2022

In 2022, the average wool; carded export price amounted to $9,420 per ton, increasing by 14% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wool; carded export price increased by +105.8% against 2018 indices. The growth pace was the most rapid in 2015 an increase of 75% against the previous year. As a result, the export price attained the peak level of $9,650 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($46,228 per ton), while the average price for exports to the UK ($3,625 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 Mexico (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Wool; Carded Imports in the United States

For the fourth year in a row, the United States recorded growth in overseas purchases of wool; carded, which increased by 13% to 87 tons in 2022. The total import volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wool; carded imports stood at $925K in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Wool; Carded to the United States in 2022:

1. United Kingdom (71.0 tons)
2. Netherlands (8.9 tons)
3. Italy (2.3 tons)
4. New Zealand (1.7 tons)
5. Nepal (1.1 tons)
6. Mexico (0.1 tons)

Wool; Carded Exports in the United States

In 2022, the amount of wool; carded exported from the United States fell rapidly to 19 tons, which is down by -32.5% against 2021. Overall, exports faced a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 170%.

In value terms, wool; carded exports dropped sharply to $175K in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 163% against the previous year.

Top Export Markets for Wool; Carded from the United States in 2022:

1. Thailand (7.4 tons)
2. Canada (7.1 tons)
3. Mexico (1.6 tons)
4. Italy (1.4 tons)
5. United Kingdom (0.9 tons)

Source: IndexBox Market Intelligence Platform