Price for Wool; (Not Carded or Combed), Carbonised in Australia - 2024
Contents:
- Price for Wool; (Not Carded or Combed), Carbonised in Australia (FOB) - 2024
- Price for Wool; (Not Carded or Combed), Carbonised in Australia (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Carbonised in Australia
- Imports of Wool; (Not Carded or Combed), Carbonised in Australia
Price for Wool; (Not Carded or Combed), Carbonised in Australia (FOB) - 2024
In December 2023, the average export price for wool; (not carded or combed), carbonised amounted to $7,574 per ton, approximately equating the previous month. In general, the export price, however, saw a mild reduction. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 12% against the previous month. The export price peaked at $8,664 per ton in January 2023; however, from February 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was India ($98,620 per ton), while the average price for exports to Germany ($4,450 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wool; (Not Carded or Combed), Carbonised in Australia (CIF) - 2022
The average import price for wool; (not carded or combed), carbonised stood at $5,661 per ton in 2022, increasing by 12% against the previous year. Overall, the import price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2021 an increase of 42% against the previous year. Over the period under review, average import prices reached the peak figure at $8,755 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($6,928 per ton), while the price for China stood at $5,476 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Wool; (Not Carded or Combed), Carbonised in Australia
In 2022, exports of wool; (not carded or combed), carbonised from Australia expanded remarkably to 10K tons, growing by 6% against the previous year. The total export volume increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of wool; (not carded or combed), carbonised amounted to $83M in 2022. In general, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year.
| Export of Wool; (Not Carded or Combed), Carbonised in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 57.5 | 34.1 | 42.6 | 39.7 | -11.6% |
| Italy | 11.3 | 7.5 | 11.7 | 16.0 | 12.3% |
| Germany | 7.4 | 4.3 | 7.0 | 7.7 | 1.3% |
| Japan | 11.1 | 3.4 | 4.4 | 6.1 | -18.1% |
| China | 3.2 | 2.9 | 4.5 | 4.6 | 12.9% |
| Mexico | 1.3 | 1.3 | 1.0 | 1.4 | 2.5% |
| Turkey | 3.2 | 2.7 | 3.0 | 1.3 | -25.9% |
| India | 0.9 | 0.8 | 0.5 | 1.2 | 10.1% |
| United Kingdom | 2.0 | 1.0 | 1.9 | 1.0 | -20.6% |
| Others | 4.5 | 3.0 | 4.1 | 4.5 | 0.0% |
| Total | 102 | 61.0 | 80.7 | 83.4 | -6.5% |
Top Export Markets for Wool; (Not Carded or Combed), Carbonised from Australia in 2022:
- South Korea (4.8K tons)
- Italy (1.7K tons)
- Germany (1.6K tons)
- Japan (0.7K tons)
- China (0.5K tons)
- Mexico (0.2K tons)
- India (0.2K tons)
- Turkey (0.1K tons)
- United Kingdom (0.1K tons)
Imports of Wool; (Not Carded or Combed), Carbonised in Australia
In 2022, imports of wool; (not carded or combed), carbonised into Australia surged to 100 tons, with an increase of 478% on the previous year. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of wool; (not carded or combed), carbonised surged to $566K in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wool; (Not Carded or Combed), Carbonised in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | 68.9 | 41.0 | 478 | 163.4% | |
| New Zealand | N/A | 46.8 | 88.4 | 88.9% | |
| Others | 1.7 | N/A | N/A | 0% | |
| Total | 70.7 | 87.8 | 566 | 182.9% | |
Top Suppliers of Wool; (Not Carded or Combed), Carbonised to Australia in 2022:
- China (87.2 tons)
- New Zealand (12.8 tons)
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