Price for Wool, Not Carded or Combed in Iran - 2022

Contents:

  1. Price for Wool, Not Carded or Combed in Iran (CIF) - 2022
  2. Price for Wool, Not Carded or Combed in Iran (FOB) - 2022
  3. Imports of Wool, Not Carded or Combed in Iran
  4. Exports of Wool, Not Carded or Combed in Iran

Price for Wool, Not Carded or Combed in Iran (CIF) - 2022

In 2022, the average import price for wool, not carded or combed amounted to $4,858 per ton, declining by -14% against the previous year. In general, the import price continues to indicate a noticeable decline. The growth pace was the most rapid in 2017 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $8,019 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($12,065 per ton), while the price for China ($306 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.0%), while the prices for the other major suppliers experienced a decline.

Price for Wool, Not Carded or Combed in Iran (FOB) - 2022

In 2022, the average export price for wool, not carded or combed amounted to $731 per ton, dropping by -14.7% against the previous year. Overall, the export price recorded a pronounced curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 16% against the previous year. The export price peaked at $978 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($6,416 per ton), while the average price for exports to India ($456 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 Turkey (+12.5%), while the prices for the other major destinations experienced a decline.

Imports of Wool, Not Carded or Combed in Iran

For the third year in a row, Iran recorded decline in supplies from abroad of wool, not carded or combed, which decreased by -5.2% to 2K tons in 2022. Overall, imports faced a deep setback.

In value terms, wool, not carded or combed imports declined notably to $9.9M in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 0.5% against the previous year.

Import of Wool, Not Carded or Combed in Iran (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates0.61.20.95.9114.2%
Australia4.72.92.61.9-26.1%
New Zealand6.04.53.31.9-31.8%
Germany6.52.81.90.2-68.7%
Uruguay0.10.20.30.10.0%
China0.10.10.1N/A0.0%
FranceN/A0.43.1N/A675.0%
OthersN/A0.10.1N/A0.0%
Total17.912.112.29.9-17.9%

Top Suppliers of Wool, Not Carded or Combed to Iran in 2022:

  1. United Arab Emirates (1017.4 tons)
  2. New Zealand (635.5 tons)
  3. Australia (154.6 tons)
  4. China (153.8 tons)
  5. Uruguay (38.2 tons)
  6. Germany (25.9 tons)

Exports of Wool, Not Carded or Combed in Iran

In 2022, after three years of growth, there was significant decline in shipments abroad of wool, not carded or combed, when their volume decreased by -73% to 857 tons. In general, exports, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2020 when exports increased by 141% against the previous year.

In value terms, wool, not carded or combed exports dropped significantly to $626K in 2022. Overall, exports saw a mild slump. The pace of growth appeared the most rapid in 2020 with an increase of 141%.

Export of Wool, Not Carded or Combed in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India3801,2782,306335-4.1%
Turkey91.815819915017.8%
Italy59.798.211884.812.4%
Afghanistan8.67.645.228.649.3%
China10517.421.716.2-46.4%
Pakistan5.313.332.29.923.2%
Others3.73.01.11.9-19.9%
Total6541,5762,723626-1.4%

Top Export Markets for Wool, Not Carded or Combed from Iran in 2022:

  1. India (733.1 tons)
  2. Afghanistan (34.9 tons)
  3. China (27.1 tons)
  4. Turkey (23.4 tons)
  5. Pakistan (21.6 tons)
  6. Italy (15.7 tons)

Source: IndexBox Market Intelligence Platform

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