Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in the UK - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in the UK (FOB) - 2023
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in the UK (CIF) - 2023
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in the UK
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in the UK
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in the UK (FOB) - 2023
The average export price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $2,390 per ton in November 2023, declining by -7.9% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 7.4% m-o-m. Over the period under review, the average export prices attained the maximum at $2,839 per ton in February 2023; however, from March 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Germany ($3,504 per ton), while the average price for exports to Belgium ($1,769 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.8%), 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 the UK (CIF) - 2023
In November 2023, the average import price for wool; (not carded or combed), degreased, (not carbonised), shorn amounted to $1,716 per ton, declining by -12.1% against the previous month. In general, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in April 2023 an increase of 16% m-o-m. The import price peaked at $2,514 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($6,559 per ton), while the price for Pakistan ($718 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in the UK
In 2022, shipments abroad of wool; (not carded or combed), degreased, (not carbonised), shorn was finally on the rise to reach 11K tons after two years of decline. In general, exports, however, saw a abrupt decrease.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), shorn stood at $29M in 2022. Over the period under review, exports, however, faced a deep contraction.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 12.7 | 11.0 | 6.7 | 6.9 | -18.4% |
| China | 13.1 | 5.7 | 3.3 | 3.5 | -35.6% |
| India | 0.5 | 1.0 | 1.6 | 3.2 | 85.7% |
| Italy | 3.3 | 2.1 | 3.7 | 2.3 | -11.3% |
| Poland | 1.4 | 2.0 | 2.7 | 2.2 | 16.3% |
| Romania | 0.2 | 0.2 | 1.2 | 1.9 | 111.8% |
| Portugal | 1.1 | 1.2 | 0.9 | 1.0 | -3.1% |
| United States | 0.1 | 0.1 | 0.5 | 0.8 | 100.0% |
| Belgium | 1.6 | 1.4 | 1.3 | 0.7 | -24.1% |
| Thailand | 0.2 | 0.4 | 0.2 | 0.6 | 44.2% |
| Germany | 0.8 | 0.7 | 1.0 | 0.5 | -14.5% |
| Norway | N/A | N/A | 0.5 | 0.5 | 0.0% |
| Spain | 0.7 | 0.6 | 0.3 | 0.5 | -10.6% |
| Others | 4.7 | 3.3 | 3.2 | 4.4 | -2.2% |
| Total | 40.6 | 29.8 | 27.2 | 29.1 | -10.5% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn from the UK in 2022:
- Lithuania (3397.9 tons)
- China (1590.2 tons)
- India (1314.7 tons)
- Poland (851.1 tons)
- Italy (624.3 tons)
- Portugal (419.7 tons)
- Belgium (378.6 tons)
- Thailand (268.0 tons)
- Norway (252.1 tons)
- United States (221.2 tons)
- Romania (220.0 tons)
- Spain (199.3 tons)
- Germany (180.7 tons)
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in the UK
In 2022, the amount of wool; (not carded or combed), degreased, (not carbonised), shorn imported into the UK contracted notably to 13K tons, declining by -23.6% against the previous year. In general, imports faced a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 26% against the previous year.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn dropped remarkably to $29M in 2022. Over the period under review, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 28.8 | 17.9 | 22.7 | 16.2 | -17.5% |
| Australia | 7.8 | 4.0 | 6.7 | 4.1 | -19.3% |
| China | 6.3 | 3.0 | 2.9 | 2.4 | -27.5% |
| Turkey | 3.1 | 1.3 | 2.8 | 2.3 | -9.5% |
| Spain | 0.6 | 0.6 | 1.0 | 0.8 | 10.1% |
| Libya | 0.3 | 0.1 | 0.2 | 0.6 | 26.0% |
| Syrian Arab Republic | 2.3 | 0.9 | 0.6 | 0.3 | -49.3% |
| Kuwait | 0.8 | 0.3 | 0.4 | 0.2 | -37.0% |
| Others | 4.6 | 1.6 | 2.5 | 2.0 | -24.2% |
| Total | 54.6 | 29.7 | 39.7 | 28.9 | -19.1% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to the UK in 2022:
- New Zealand (5.6K tons)
- Turkey (2.4K tons)
- China (1.3K tons)
- Australia (0.7K tons)
- Libya (0.7K tons)
- Spain (0.4K tons)
- Syrian Arab Republic (0.3K tons)
- Kuwait (0.2K tons)
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