Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in New Zealand - 2024
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in New Zealand (FOB) - 2024
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in New Zealand (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in New Zealand
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in New Zealand
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in New Zealand (FOB) - 2024
In November 2023, the average export price for wool; (not carded or combed), degreased, (not carbonised), shorn amounted to $2,538 per ton, surging by 8.7% against the previous month. Over the period under review, the export price, however, recorded a slight decrease. The pace of growth was the most pronounced in April 2023 an increase of 8.8% month-to-month. The export price peaked at $2,849 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was the United States ($6,117 per ton), while the average price for exports to China ($2,125 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 the United States (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in New Zealand (CIF) - 2022
The average import price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $5,159 per ton in 2022, reducing by -12.3% against the previous year. In general, the import price, however, enjoyed a slight expansion. The pace of growth was the most pronounced in 2021 an increase of 120% against the previous year. Over the period under review, average import prices reached the peak figure at $7,228 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -3.0% per year.
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in New Zealand
In 2022, the amount of wool; (not carded or combed), degreased, (not carbonised), shorn exported from New Zealand shrank to 64K tons, reducing by -5.4% against 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 68K tons, and then contracted in the following year.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), shorn declined to $158M in 2022. Overall, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 18.9 | 21.6 | 29.6 | 34.7 | 22.4% |
| China | 55.4 | 30.9 | 26.5 | 30.3 | -18.2% |
| United Kingdom | 23.9 | 15.9 | 20.5 | 15.1 | -14.2% |
| Italy | 12.8 | 10.0 | 14.0 | 12.7 | -0.3% |
| Germany | 5.6 | 4.2 | 8.7 | 8.9 | 16.7% |
| Nepal | 6.7 | 6.1 | 8.7 | 8.8 | 9.5% |
| Lithuania | 6.5 | 5.2 | 7.8 | 7.7 | 5.8% |
| United States | 4.9 | 4.7 | 6.3 | 4.9 | 0.0% |
| Australia | 5.5 | 5.0 | 5.5 | 4.6 | -5.8% |
| Thailand | 4.5 | 4.0 | 5.9 | 4.3 | -1.5% |
| France | 4.1 | 2.7 | 2.4 | 3.1 | -8.9% |
| Belgium | 1.9 | 1.2 | 2.5 | 2.5 | 9.6% |
| Denmark | 3.7 | 2.8 | 2.9 | 1.7 | -22.8% |
| Others | 28.3 | 20.9 | 21.3 | 18.5 | -13.2% |
| Total | 183 | 135 | 163 | 158 | -4.8% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn from New Zealand in 2022:
- India (14.8K tons)
- China (13.2K tons)
- United Kingdom (5.4K tons)
- Italy (5.1K tons)
- Germany (3.9K tons)
- Nepal (3.7K tons)
- Lithuania (3.1K tons)
- Australia (1.7K tons)
- Thailand (1.7K tons)
- France (1.3K tons)
- United States (1.2K tons)
- Belgium (1.2K tons)
- Denmark (0.7K tons)
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in New Zealand
In 2022, the amount of wool; (not carded or combed), degreased, (not carbonised), shorn imported into New Zealand skyrocketed to 1.3 tons, rising by 30% compared with the previous year's figure. In general, imports, however, recorded a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of 1,182%. As a result, imports reached the peak of 157 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn rose remarkably to $6.6K in 2022. Overall, imports, however, recorded a significant contraction. The growth pace was the most rapid in 2020 with an increase of 510% against the previous year. As a result, imports reached the peak of $420K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 68.9 | N/A | 5.8 | 6.6 | -54.2% |
| United Kingdom | N/A | 120 | N/A | N/A | 0% |
| Others | N/A | 299 | N/A | N/A | 0% |
| Total | 68.9 | 420 | 5.8 | 6.6 | -54.2% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to New Zealand in 2022:
- Australia (1.3 tons)
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