Price for Wool, Not Carded or Combed in Belarus - 2022
Contents:
- Price for Wool, Not Carded or Combed in Belarus (CIF) - 2022
- Price for Wool, Not Carded or Combed in Belarus (FOB) - 2022
- Imports of Wool, Not Carded or Combed in Belarus
- Exports of Wool, Not Carded or Combed in Belarus
Price for Wool, Not Carded or Combed in Belarus (CIF) - 2022
The average import price for wool, not carded or combed stood at $1,057 per ton in March 2022, dropping by -40.2% against the previous month. Over the period under review, the import price showed a pronounced slump. The growth pace was the most rapid in January 2022 when the average import price increased by 80% month-to-month. As a result, import price reached the peak level of $2,101 per ton. From February 2022 to March 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From March 2021 to March 2022, the rate of growth in terms of prices for Russia amounted to -3.4% per month.
Price for Wool, Not Carded or Combed in Belarus (FOB) - 2022
The average export price for wool, not carded or combed stood at $1,929 per ton in March 2022, shrinking by -26.8% against the previous month. Overall, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in August 2021 an increase of 24% month-to-month. As a result, the export price attained the peak level of $2,780 per ton. From September 2021 to March 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2022, the country with the highest price was Russia ($3,205 per ton), while the average price for exports to China amounted to $1,182 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool, Not Carded or Combed in Belarus
For the fourth consecutive year, Belarus recorded growth in supplies from abroad of wool, not carded or combed, which increased by 15% to 6.7K tons in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, wool, not carded or combed imports skyrocketed to $9.5M in 2022. Overall, imports, however, recorded a slight contraction.
Import of Wool, Not Carded or Combed in Belarus (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 9.6 | 8.1 | 7.8 | 9.5 | -0.3% |
Others | 0.2 | N/A | 0.1 | N/A | -29.3% |
Total | 9.8 | 8.1 | 7.9 | 9.5 | -1.0% |
Top Suppliers of Wool, Not Carded or Combed to Belarus in 2022:
- Russia (6.7K tons)
Exports of Wool, Not Carded or Combed in Belarus
In 2022, the amount of wool, not carded or combed exported from Belarus surged to 4.1K tons, rising by 141% against the previous year's figure. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 166%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, wool, not carded or combed exports skyrocketed to $10M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Wool, Not Carded or Combed in Belarus (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 2.6 | 1.8 | 2.1 | 6.4 | 35.0% |
China | 0.4 | 0.1 | 1.3 | 3.8 | 111.8% |
Lithuania | N/A | N/A | 0.4 | N/A | 0% |
Others | 0.1 | 0.4 | 0.3 | N/A | 73.2% |
Total | 3.2 | 2.3 | 4.0 | 10.2 | 47.2% |
Top Export Markets for Wool, Not Carded or Combed from Belarus in 2022:
- Russia (2.1K tons)
- China (2.0K tons)
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