Price for Wool, Not Carded or Combed in Canada - 2023
Contents:
- Price for Wool, Not Carded or Combed in Canada (CIF) - 2022
- Price for Wool, Not Carded or Combed in Canada (FOB) - 2022
- Imports of Wool, Not Carded or Combed in Canada
- Exports of Wool, Not Carded or Combed in Canada
Price for Wool, Not Carded or Combed in Canada (CIF) - 2022
The average import price for wool, not carded or combed stood at $3,119 per ton in 2022, with a decrease of -5.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 2.3%. Over the period under review, average import prices reached the maximum at $5,678 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 ($5,905 per ton), while the price for Argentina ($1,929 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.3%), while the prices for the other major suppliers experienced a decline.
Price for Wool, Not Carded or Combed in Canada (FOB) - 2022
In 2022, the average export price for wool, not carded or combed amounted to $1,643 per ton, declining by -29.9% against the previous year. Over the period under review, the export price saw a abrupt decrease. The growth pace was the most rapid in 2020 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices hit record highs at $4,217 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 the UK ($4,171 per ton), while the average price for exports to China ($654 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 the United States (-6.7%), while the prices for the other major destinations experienced a decline.
Imports of Wool, Not Carded or Combed in Canada
In 2022, approx. 399 tons of wool, not carded or combed were imported into Canada; with a decrease of -29% against 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports attained the peak of 562 tons, and then declined remarkably in the following year.
In value terms, wool, not carded or combed imports declined markedly to $1.2M in 2022. Over the period under review, imports saw a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year. As a result, imports attained the peak of $1.9M, and then contracted rapidly in the following year.
| Import of Wool, Not Carded or Combed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 761 | 623 | 1,085 | 549 | -10.3% |
| Germany | 0.8 | 0.3 | 68.4 | 154 | 477.4% |
| Australia | 104 | 61.0 | 314 | 149 | 12.7% |
| United Kingdom | 260 | 213 | 107 | 112 | -24.5% |
| Argentina | N/A | 81.5 | 74.6 | 88.4 | 4.1% |
| Turkey | 2.4 | N/A | N/A | 59.9 | 192.2% |
| Bulgaria | N/A | N/A | N/A | 28.7 | 0% |
| Others | 290 | 146 | 213 | 102 | -29.4% |
| Total | 1,418 | 1,125 | 1,862 | 1,244 | -4.3% |
Top Suppliers of Wool, Not Carded or Combed to Canada in 2022:
- New Zealand (186.1 tons)
- Germany (51.1 tons)
- Argentina (45.8 tons)
- Australia (30.5 tons)
- Turkey (28.9 tons)
- United Kingdom (27.8 tons)
- Bulgaria (10.3 tons)
Exports of Wool, Not Carded or Combed in Canada
In 2022, approx. 525 tons of wool, not carded or combed were exported from Canada; stabilizing at 2021. In general, exports faced a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by 49% against the previous year.
In value terms, wool, not carded or combed exports contracted rapidly to $863K in 2022. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 26%.
| Export of Wool, Not Carded or Combed in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 358 | 811 | 991 | 571 | 16.8% |
| China | 851 | 23.3 | 85.2 | 140 | -45.2% |
| Czech Republic | 192 | 95.1 | 157 | 95.9 | -20.7% |
| United Kingdom | N/A | N/A | 5.2 | 55.7 | 971.2% |
| France | 233 | N/A | N/A | N/A | 0% |
| Egypt | 349 | 26.7 | N/A | N/A | -92.3% |
| Others | 7.3 | 29.5 | 0.2 | 0.3 | -65.5% |
| Total | 1,991 | 986 | 1,239 | 863 | -24.3% |
Top Export Markets for Wool, Not Carded or Combed from Canada in 2022:
- United States (218.8 tons)
- China (213.6 tons)
- Czech Republic (79.5 tons)
- United Kingdom (13.4 tons)
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