Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India - 2023

Contents:

  1. Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India (CIF) - 2023
  2. Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India (FOB) - 2022
  3. Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in India
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand19.921.328.525.89.0%
Syrian Arab RepublicN/AN/AN/A7.00%
China4.37.77.95.58.6%
Turkey2.54.48.24.622.5%
Russia2.11.31.31.9-3.3%
Egypt1.31.01.51.1-5.4%
Saudi Arabia0.90.81.10.8-3.9%
Iran0.10.10.10.681.7%
Algeria0.20.10.40.644.2%
Italy0.40.40.40.57.7%
United Arab Emirates1.90.40.40.4-40.5%
Tunisia0.40.60.40.40.0%
Others24.89.35.65.9-38.0%
Total58.747.455.755.0-2.1%

Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to India in 2022:

  1. New Zealand (10.7K tons)
  2. Syrian Arab Republic (7.6K tons)
  3. China (6.2K tons)
  4. Turkey (4.2K tons)
  5. Egypt (1.6K tons)
  6. Algeria (1.0K tons)
  7. Saudi Arabia (0.9K tons)
  8. Iran (0.8K tons)
  9. United Arab Emirates (0.8K tons)
  10. Tunisia (0.7K tons)
  11. Italy (0.7K tons)
  12. 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)
COUNTRY2019202020212022CAGR,
2019-2022
ItalyN/A0.6N/A2131784.1%
SwedenN/AN/AN/A1410%
United StatesN/AN/A1.3N/A0%
Nepal24.412.9N/AN/A-47.1%
Algeria20.9N/AN/AN/A0%
Others0.71.91.14.180.3%
Total46.115.42.435998.2%

Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from India in 2022:

  1. Italy (81.4 tons)
  2. Sweden (14.4 tons)

Source: IndexBox Market Intelligence Platform

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