Price for Fine or Coarse Animal Hair, Not Carded or Combed in the UK - 2024

Contents:

1. Price for Fine or Coarse Animal Hair, Not Carded or Combed in the UK (CIF) - 2022
2. Price for Fine or Coarse Animal Hair, Not Carded or Combed in the UK (FOB) - 2022
3. Imports of Fine or Coarse Animal Hair, Not Carded or Combed in the UK
4. Exports of Fine or Coarse Animal Hair, Not Carded or Combed in the UK

Price for Fine or Coarse Animal Hair, Not Carded or Combed in the UK (CIF) - 2022

The average import price for fine or coarse animal hair, not carded or combed stood at $57,813 per ton in 2022, with an increase of 6.2% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fine or coarse animal hair, not carded or combed increased by +68.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 58% against the previous year. Over the period under review, average import prices reached the maximum at $59,240 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($119,264 per ton), while the price for New Zealand ($3,371 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fine or Coarse Animal Hair, Not Carded or Combed in the UK (FOB) - 2022

In 2022, the average export price for fine or coarse animal hair, not carded or combed amounted to $23,924 per ton, shrinking by -23.3% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of 56%. As a result, the export price reached the peak level of $57,659 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($64,359 per ton), while the average price for exports to Belgium ($2,190 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 South Korea (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fine or Coarse Animal Hair, Not Carded or Combed in the UK

Imports of fine or coarse animal hair, not carded or combed into the UK soared to 1.2K tons in 2022, picking up by 23% compared with the year before. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of fine or coarse animal hair, not carded or combed soared to $71M in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 110%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Fine or Coarse Animal Hair, Not Carded or Combed to the UK in 2022:

1. China (855.2 tons)
2. South Africa (66.3 tons)
3. Mongolia (60.9 tons)
4. India (56.4 tons)
5. United States (45.1 tons)
6. New Zealand (43.1 tons)
7. Turkey (33.6 tons)
8. Sweden (7.2 tons)

Exports of Fine or Coarse Animal Hair, Not Carded or Combed in the UK

In 2022, approx. 385 tons of fine or coarse animal hair, not carded or combed were exported from the UK; which is down by -31.5% on 2021 figures. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 404% against the previous year. As a result, the exports reached the peak of 562 tons, and then contracted remarkably in the following year.

In value terms, exports of fine or coarse animal hair, not carded or combed declined remarkably to $9.2M in 2022. Overall, exports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 368%. As a result, the exports reached the peak of $18M, and then contracted markedly in the following year.

Top Export Markets for Fine or Coarse Animal Hair, Not Carded or Combed from the UK in 2022:

1. Belgium (140.1 tons)
2. Italy (101.2 tons)
3. Germany (62.3 tons)
4. Netherlands (21.9 tons)
5. Portugal (16.0 tons)
6. France (13.2 tons)
7. Bulgaria (8.0 tons)

Source: IndexBox Market Intelligence Platform