Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Ghana - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Ghana (CIF) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Ghana (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Ghana
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Ghana
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Ghana (CIF) - 2022
The average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $960 per ton in 2022, surging by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. Over the period under review, average import prices hit record highs at $8,517 per ton in 2015; however, from 2016 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 South Africa ($10,625 per ton), while the price for China ($579 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+13.5%), while the prices for the other major suppliers experienced a decline.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Ghana (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $15,154 per ton, growing by 23% against the previous year. Overall, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 701% against the previous year. As a result, the export price attained the peak level of $35,289 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Burkina Faso.
From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to +9.9% per year.
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Ghana
After three years of growth, overseas purchases of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) decreased by -46.9% to 1.3 tons in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 742% against the previous year.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) fell rapidly to $1.2K in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 494% against the previous year.
Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Ghana (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 106 | 654 | 1,339 | 682 | 86.0% |
South Africa | 46.0 | 259 | 386 | 255 | 77.0% |
United Kingdom | 19.0 | 104 | 151 | 85.0 | 64.8% |
Others | 6.0 | 34.0 | 49.0 | 206 | 225.0% |
Total | 177 | 1,051 | 1,925 | 1,228 | 90.7% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to Ghana in 2022:
- China (1177.0 kg)
- United Kingdom (65.0 kg)
- South Africa (24.0 kg)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Ghana
For the third consecutive year, Ghana recorded decline in shipments abroad of wool; (not carded or combed), degreased, (not carbonised), (other than shorn), which decreased by -62.9% to 13 kg in 2022. Overall, exports recorded a sharp curtailment. The smallest decline of -61.1% was in 2021.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) reduced remarkably to $197 in 2022. In general, exports saw a precipitous decline.
Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Ghana (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Burkina Faso | 2,064 | 943 | 431 | 197 | -54.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2,064 | 943 | 431 | 197 | -54.3% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from Ghana in 2022:
- Burkina Faso (13.0 kg)
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