Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India (CIF) - 2023
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India (CIF) - 2023
In October 2023, the average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $1,278 per ton, picking up by 5.2% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 81% month-to-month. As a result, import price reached the peak level of $1,730 per ton. From April 2023 to October 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Russia ($2,420 per ton), while the price for Algeria ($567 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+0.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India (FOB) - 2022
The average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $3,744 per ton in 2022, rising by 246% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 618% against the previous year. As a result, the export price attained the peak level of $6,894 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($77,630 per ton), while the average price for exports to Italy ($2,622 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 Belgium (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India
In 2022, purchases abroad of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) decreased by -16.4% to 40K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) shrank modestly to $55M in 2022. In general, imports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year.
Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 19.9 | 21.3 | 28.5 | 25.8 | 9.0% |
Syrian Arab Republic | N/A | N/A | N/A | 7.0 | 0% |
China | 4.3 | 7.7 | 7.9 | 5.5 | 8.6% |
Turkey | 2.5 | 4.4 | 8.2 | 4.6 | 22.5% |
Russia | 2.1 | 1.3 | 1.3 | 1.9 | -3.3% |
Egypt | 1.3 | 1.0 | 1.5 | 1.1 | -5.4% |
Saudi Arabia | 0.9 | 0.8 | 1.1 | 0.8 | -3.9% |
Iran | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
Algeria | 0.2 | 0.1 | 0.4 | 0.6 | 44.2% |
Italy | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
United Arab Emirates | 1.9 | 0.4 | 0.4 | 0.4 | -40.5% |
Tunisia | 0.4 | 0.6 | 0.4 | 0.4 | 0.0% |
Others | 24.8 | 9.3 | 5.6 | 5.9 | -38.0% |
Total | 58.7 | 47.4 | 55.7 | 55.0 | -2.1% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to India in 2022:
- New Zealand (10.7K tons)
- Syrian Arab Republic (7.6K tons)
- China (6.2K tons)
- Turkey (4.2K tons)
- Egypt (1.6K tons)
- Algeria (1.0K tons)
- Saudi Arabia (0.9K tons)
- Iran (0.8K tons)
- United Arab Emirates (0.8K tons)
- Tunisia (0.7K tons)
- Italy (0.7K tons)
- Russia (0.6K tons)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India
After two years of decline, overseas shipments of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) increased by 4,310% to 96 tons in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) soared to $359K in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | N/A | 0.6 | N/A | 213 | 1784.1% |
Sweden | N/A | N/A | N/A | 141 | 0% |
United States | N/A | N/A | 1.3 | N/A | 0% |
Nepal | 24.4 | 12.9 | N/A | N/A | -47.1% |
Algeria | 20.9 | N/A | N/A | N/A | 0% |
Others | 0.7 | 1.9 | 1.1 | 4.1 | 80.3% |
Total | 46.1 | 15.4 | 2.4 | 359 | 98.2% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from India in 2022:
- Italy (81.4 tons)
- Sweden (14.4 tons)
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