Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Libya - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Libya (FOB) - 2022
- Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Libya
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Libya (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $539 per ton, dropping by -9.8% against the previous year. Over the period under review, the export price saw a perceptible downturn. The pace of growth was the most pronounced in 2014 an increase of 31%. Over the period under review, the average export prices hit record highs at $832 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 India ($1,681 per ton), while the average price for exports to Tunisia ($41 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.9%), while the prices for the other major destinations experienced a decline.
Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Libya
For the fourth consecutive year, Libya recorded growth in overseas shipments of wool; (not carded or combed), greasy (including fleece-washed wool), shorn, which increased by 2.4% to 1.9K tons in 2022. The total export volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 18% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn reduced to $1M in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 18%. As a result, the exports attained the peak of $1.1M, and then fell in the following year.
| Export of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 411 | 757 | 1,090 | 829 | 26.3% |
| Turkey | 391 | 186 | 21.3 | 204 | -19.5% |
| Tunisia | 10.5 | 16.0 | 18.9 | 11.5 | 3.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 812 | 958 | 1,130 | 1,044 | 8.7% |
Top Export Markets for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn from Libya in 2022:
- Turkey (1165.2 tons)
- India (493.1 tons)
- Tunisia (278.8 tons)
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