Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hungary - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hungary (CIF) - 2023
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hungary (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hungary
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hungary
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hungary (CIF) - 2023
In September 2023, the average import price for wool; (not carded or combed), degreased, (not carbonised), shorn amounted to $2,326 per ton, surging by 12% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 89% against the previous month. As a result, import price reached the peak level of $5,381 per ton. From June 2023 to September 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Romania ($2,526 per ton), while the price for Germany totaled $2,318 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hungary (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), degreased, (not carbonised), shorn amounted to $1,740 per ton, declining by -38.1% against the previous year. Over the period under review, the export price, however, showed noticeable growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 73%. Over the period under review, the average export prices reached the maximum at $2,814 per ton in 2021, and then dropped rapidly in the following year.
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 Italy ($1,863 per ton), while the average price for exports to Spain amounted to $453 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+71.0%).
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hungary
For the fourth year in a row, Hungary recorded growth in purchases abroad of wool; (not carded or combed), degreased, (not carbonised), shorn, which increased by 32% to 1.2K tons in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn soared to $2.7M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 950 | 1,372 | 1,877 | 2,244 | 33.2% |
| New Zealand | N/A | N/A | N/A | 435 | 0% |
| Norway | N/A | N/A | 98.0 | 46.8 | -52.2% |
| Italy | 700 | 142 | 196 | 1.2 | -88.0% |
| Others | 72.7 | 3.2 | 6.8 | 0.1 | -88.9% |
| Total | 1,723 | 1,517 | 2,179 | 2,727 | 16.5% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to Hungary in 2022:
- Germany (995.1 tons)
- New Zealand (215.2 tons)
- Norway (22.4 tons)
- Italy (0.4 tons)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hungary
In 2022, exports of wool; (not carded or combed), degreased, (not carbonised), shorn from Hungary soared to 185 tons, growing by 549% compared with 2021 figures. Over the period under review, exports saw a significant increase. 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), shorn soared to $321K in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 15.1 | 26.9 | 80.1 | 314 | 175.0% |
| Spain | N/A | N/A | N/A | 7.3 | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 15.1 | 27.0 | 80.1 | 321 | 177.0% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn from Hungary in 2022:
- Italy (168.6 tons)
- Spain (16.1 tons)
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