Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Saudi Arabia - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Saudi Arabia (FOB) - 2022
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Saudi Arabia (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Saudi Arabia
- Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Saudi Arabia
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Saudi Arabia (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $415 per ton, rising by 6.1% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 22% against the previous year. As a result, the export price attained the peak level of $571 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($734 per ton), while the average price for exports to Pakistan ($263 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 the UK (+3.8%), while the prices for the other major destinations experienced a decline.
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Saudi Arabia (CIF) - 2022
In 2021, the average import price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $851 per ton, almost unchanged from the previous year. Overall, the import price showed resilient growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 5.7% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Iraq ($510 per ton), while the price for Egypt stood at $440 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (-21.5%).
Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Saudi Arabia
In 2022, exports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn from Saudi Arabia shrank rapidly to 1K tons, reducing by -37.3% on 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 293%. As a result, the exports reached the peak of 1.7K tons, and then shrank significantly in the following year.
In value terms, exports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn contracted remarkably to $434K in 2022. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 201% against the previous year. As a result, the exports attained the peak of $651K, and then fell remarkably in the following year.
| Export of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 337 | 446 | 273 | 171 | -20.2% |
| Kuwait | 523 | 193 | 122 | 136 | -36.2% |
| India | 55.4 | 121 | 256 | 126 | 31.5% |
| Bangladesh | 35.9 | N/A | N/A | N/A | 0% |
| Others | -363.3 | -544.3 | N/A | N/A | 49.8% |
| Total | 588 | 216 | 651 | 434 | -9.6% |
Top Export Markets for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn from Saudi Arabia in 2022:
- Pakistan (652.7 tons)
- India (206.7 tons)
- Kuwait (185.2 tons)
Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Saudi Arabia
In 2021, imports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn into Saudi Arabia was estimated at 68 tons, remaining relatively unchanged against 2020 figures. Overall, imports saw a sharp contraction. The smallest decline of 99.9% was in 2020.
In value terms, imports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn totaled $58K in 2021. Over the period under review, imports continue to indicate a slight setback. The smallest decline of 99.9% was in 2020.
| Import of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Saudi Arabia (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
| Iraq | N/A | N/A | 21.4 | 0% |
| Egypt | N/A | N/A | 11.4 | 0% |
| Kuwait | 51.0 | N/A | N/A | 0% |
| Others | 9.0 | N/A | 25.4 | 68.0% |
| Total | 60.1 | N/A | 58.2 | -1.6% |
Top Suppliers of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn to Saudi Arabia in 2022:
- Iraq (41.9 tons)
- Egypt (26.0 tons)
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