Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in China - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in China (CIF) - 2023
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in China (FOB) - 2023
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in China
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in China
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in China (CIF) - 2023
The average import price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $1,667 per ton in December 2023, picking up by 33% against the previous month. Overall, import price indicated a modest expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for wool; (not carded or combed), degreased, (not carbonised), shorn increased by +33.0% against November 2023 indices. The import price peaked at $1,968 per ton in June 2023; however, from July 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was New Zealand ($2,876 per ton), while the price for Algeria ($629 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in China (FOB) - 2023
In December 2023, the average export price for wool; (not carded or combed), degreased, (not carbonised), shorn amounted to $1,782 per ton, which is down by -4.2% against the previous month. In general, the export price recorded a slight decline. The growth pace was the most rapid in August 2023 an increase of 38% month-to-month. As a result, the export price reached the peak level of $2,103 per ton. From September 2023 to December 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was India ($3,245 per ton), while the average price for exports to Denmark ($1,468 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in China
In 2022, the amount of wool; (not carded or combed), degreased, (not carbonised), shorn imported into China skyrocketed to 52K tons, rising by 28% on the year before. In general, imports, however, recorded a abrupt shrinkage.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn rose sharply to $79M in 2022. Over the period under review, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 59.5 | 30.1 | 25.6 | 28.8 | -21.5% |
| Mongolia | 16.1 | 7.7 | 6.9 | 18.0 | 3.8% |
| Turkey | 8.3 | 5.6 | 7.3 | 6.6 | -7.4% |
| United Kingdom | 16.3 | 8.7 | 8.0 | 6.2 | -27.5% |
| Kazakhstan | 0.8 | 0.4 | 3.9 | 5.4 | 89.0% |
| Uruguay | 33.2 | 7.4 | 11.2 | 4.9 | -47.2% |
| Russia | 2.2 | 0.6 | 3.9 | 3.8 | 20.0% |
| Algeria | 1.4 | 1.2 | 1.8 | 1.7 | 6.7% |
| Others | 12.6 | 5.0 | 6.2 | 3.9 | -32.4% |
| Total | 150 | 66.7 | 74.7 | 79.2 | -19.2% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to China in 2022:
- Mongolia (17.9K tons)
- New Zealand (12.5K tons)
- Russia (4.4K tons)
- Kazakhstan (4.1K tons)
- Turkey (4.0K tons)
- United Kingdom (2.8K tons)
- Algeria (2.1K tons)
- Uruguay (1.2K tons)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in China
In 2022, exports of wool; (not carded or combed), degreased, (not carbonised), shorn from China rose notably to 3.1K tons, with an increase of 13% against 2021. In general, exports, however, recorded a deep downturn.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), shorn skyrocketed to $6M in 2022. Overall, exports, however, continue to indicate a drastic downturn.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 2,588 | 1,230 | 2,131 | 3,213 | 7.5% |
| United Kingdom | 4,341 | 1,727 | 1,463 | 1,554 | -29.0% |
| Denmark | 670 | 733 | 722 | 588 | -4.3% |
| Germany | 329 | 175 | 236 | 268 | -6.6% |
| Belgium | 505 | 330 | 146 | 97.8 | -42.1% |
| Portugal | 125 | 93.9 | 55.9 | 87.8 | -11.1% |
| Others | 120 | N/A | N/A | 156 | 9.1% |
| Total | 8,678 | 4,289 | 4,755 | 5,965 | -11.7% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn from China in 2022:
- United Kingdom (1178.3 tons)
- Nepal (1100.6 tons)
- Denmark (476.9 tons)
- Germany (172.1 tons)
- Portugal (75.2 tons)
- Belgium (50.0 tons)
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