Price for Wool, Not Carded or Combed in Ghana - 2023
Contents:
- Price for Wool, Not Carded or Combed in Ghana (CIF) - 2022
- Imports of Wool, Not Carded or Combed in Ghana
Price for Wool, Not Carded or Combed in Ghana (CIF) - 2022
The average import price for wool, not carded or combed stood at $1,063 per ton in 2022, picking up by 28% against the previous year. Overall, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 114%. As a result, import price reached the peak level of $2,839 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($17,600 per ton), while the price for Germany ($146 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Wool, Not Carded or Combed in Ghana
In 2022, overseas purchases of wool, not carded or combed decreased by -63.6% to 1.2 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a significant expansion.
In value terms, wool, not carded or combed imports contracted markedly to $1.2K in 2022. Over the period under review, imports, however, showed a significant increase.
Import of Wool, Not Carded or Combed in Ghana (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 72.0 | N/A | 1,530 | 655 | 108.8% |
Czech Republic | N/A | N/A | N/A | 289 | 0% |
South Africa | 135 | N/A | 463 | 127 | -2.0% |
United Kingdom | 67.0 | N/A | 153 | 34.0 | -20.2% |
United States | 21.0 | N/A | 93.0 | 29.0 | 11.4% |
Germany | 12.0 | N/A | 4.0 | 6.0 | -20.6% |
Others | 55.0 | N/A | 401 | 88.0 | 17.0% |
Total | 362 | N/A | 2,644 | 1,228 | 50.3% |
Top Suppliers of Wool, Not Carded or Combed to Ghana in 2022:
- China (928.0 kg)
- Czech Republic (141.0 kg)
- Germany (41.0 kg)
- United States (14.0 kg)
- South Africa (13.0 kg)
- United Kingdom (13.0 kg)
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