Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Saudi Arabia - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Saudi Arabia (FOB) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Saudi Arabia (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Saudi Arabia
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Saudi Arabia
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Saudi Arabia (FOB) - 2022
The average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $903 per ton in 2022, declining by -3.2% against the previous year. Overall, the export price saw a perceptible setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,118 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,380 per ton), while the average price for exports to India ($786 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 Turkey (+18.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Saudi Arabia (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $9,057 per ton, picking up by 19% against the previous year. Overall, the import price recorded prominent growth. The growth pace was the most rapid in 2019 an increase of 87% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
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 Pakistan ($11,565 per ton), while the price for China totaled $7,133 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+9.7%).
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Saudi Arabia
Exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) from Saudi Arabia shrank remarkably to 987 tons in 2022, with a decrease of -33.1% compared with 2021 figures. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) shrank notably to $891K in 2022. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 63%. As a result, the exports reached the peak of $1.4M, and then reduced markedly in the following year.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 782 | 452 | 647 | 417 | -18.9% |
| Turkey | 225 | 272 | 356 | 290 | 8.8% |
| Pakistan | 92.2 | 88.2 | 222 | 152 | 18.1% |
| United Kingdom | 24.2 | 13.2 | 128 | 32.1 | 9.9% |
| Others | N/A | 17.9 | 22.6 | N/A | 26.3% |
| Total | 1,123 | 843 | 1,376 | 891 | -7.4% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from Saudi Arabia in 2022:
- India (530.4 tons)
- Turkey (252.1 tons)
- Pakistan (180.8 tons)
- United Kingdom (23.3 tons)
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Saudi Arabia
In 2022, approx. 212 kg of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) were imported into Saudi Arabia; dropping by -57.4% on 2021 figures. In general, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) fell remarkably to $1.9K in 2022. Overall, imports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 64% against the previous year.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 2.6 | 1.0 | 1.9 | 1.1 | -24.9% |
| China | 1.9 | 0.8 | 1.9 | 0.9 | -22.0% |
| United Arab Emirates | N/A | 0.5 | N/A | N/A | 0% |
| Others | 2.9 | N/A | N/A | N/A | 0% |
| Total | 7.4 | 2.3 | 3.8 | 1.9 | -36.4% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to Saudi Arabia in 2022:
- China (120.0 kg)
- Pakistan (92.0 kg)
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