Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Australia - 2024
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Australia (FOB) - 2024
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Australia (CIF) - 2024
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Australia
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Australia
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Australia (FOB) - 2024
The average export price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $9,948 per ton in November 2023, increasing by 29% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $10,920 per ton in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($11,940 per ton), while the average price for exports to Spain ($3,274 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+23.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Australia (CIF) - 2024
The average import price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $2,525 per ton in November 2023, surging by 6% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 17% against the previous month. As a result, import price attained the peak level of $2,562 per ton. From June 2023 to November 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was the UK ($2,849 per ton), while the price for New Zealand amounted to $2,396 per ton.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by New Zealand (-0.0%).
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Australia
Exports of wool; (not carded or combed), degreased, (not carbonised), shorn from Australia surged to 5.6K tons in 2022, picking up by 37% compared with the previous year. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), shorn soared to $54M in 2022. In general, exports showed a perceptible expansion. The pace of growth was the most pronounced in 2021 when exports increased by 79% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 15.7 | 7.7 | 16.7 | 25.8 | 18.0% |
| United Arab Emirates | 8.9 | 4.3 | 5.0 | 8.0 | -3.5% |
| United Kingdom | 7.0 | 4.0 | 6.7 | 4.5 | -13.7% |
| Italy | 6.1 | 2.1 | 3.0 | 4.3 | -11.0% |
| China | 0.4 | 0.4 | 1.3 | 3.8 | 111.8% |
| United States | 2.6 | 1.5 | 1.6 | 2.7 | 1.3% |
| India | 4.7 | 0.7 | 2.0 | 2.1 | -23.6% |
| Others | 5.7 | 2.4 | 4.7 | 3.1 | -18.4% |
| Total | 51.1 | 22.9 | 41.0 | 54.2 | 2.0% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn from Australia in 2022:
- Thailand (2386.6 tons)
- United Arab Emirates (675.7 tons)
- China (526.5 tons)
- United Kingdom (521.7 tons)
- Italy (438.9 tons)
- United States (438.8 tons)
- India (235.6 tons)
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Australia
Imports of wool; (not carded or combed), degreased, (not carbonised), shorn into Australia dropped to 1.6K tons in 2022, which is down by -12% against the previous year. In general, imports showed a abrupt downturn. The smallest decline of -1.9% was in 2020.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn dropped slightly to $4.1M in 2022. Overall, imports faced a abrupt descent.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 5.7 | 4.7 | 4.0 | 3.9 | -11.9% |
| United Kingdom | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.9 | 4.8 | 4.3 | 4.1 | -11.4% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to Australia in 2022:
- New Zealand (1554.2 tons)
- United Kingdom (72.7 tons)
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