Price for Wool, Not Carded or Combed in Iraq - 2022
Contents:
- Price for Wool, Not Carded or Combed in Iraq (FOB) - 2022
- Price for Wool, Not Carded or Combed in Iraq (CIF) - 2022
- Exports of Wool, Not Carded or Combed in Iraq
- Imports of Wool, Not Carded or Combed in Iraq
Price for Wool, Not Carded or Combed in Iraq (FOB) - 2022
The average export price for wool, not carded or combed stood at $789 per ton in 2022, surging by 9.9% against the previous year. In general, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19%. The export price peaked at $1,372 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,327 per ton), while the average price for exports to the United Arab Emirates ($44 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 (+6.3%), while the prices for the other major destinations experienced a decline.
Price for Wool, Not Carded or Combed in Iraq (CIF) - 2022
In 2022, the average import price for wool, not carded or combed amounted to $6,232 per ton, rising by 21% against the previous year. In general, the import price showed a significant increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 68% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +20.3% per year.
Exports of Wool, Not Carded or Combed in Iraq
In 2022, the amount of wool, not carded or combed exported from Iraq plummeted to 330 tons, declining by -29.1% against the year before. In general, exports recorded a sharp descent. The smallest decline of -26.8% was in 2021.
In value terms, wool, not carded or combed exports dropped remarkably to $260K in 2022. Overall, exports showed a dramatic contraction.
| Export of Wool, Not Carded or Combed in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 355 | 361 | 211 | 161 | -23.2% |
| United Kingdom | 616 | 62.7 | 54.7 | 53.6 | -55.7% |
| Pakistan | 71.8 | 59.9 | 44.2 | 36.6 | -20.1% |
| Turkey | 8.6 | 5.4 | 2.4 | 3.9 | -23.2% |
| United Arab Emirates | 4.8 | 3.6 | 2.4 | 1.8 | -27.9% |
| Others | 10.0 | 7.3 | 19.3 | 3.4 | -30.2% |
| Total | 1,066 | 500 | 334 | 260 | -37.5% |
Top Export Markets for Wool, Not Carded or Combed from Iraq in 2022:
- India (181.0 tons)
- United Arab Emirates (41.1 tons)
- United Kingdom (40.4 tons)
- Pakistan (40.0 tons)
- Turkey (25.5 tons)
Imports of Wool, Not Carded or Combed in Iraq
For the fourth year in a row, Iraq recorded growth in overseas purchases of wool, not carded or combed, which increased by 16% to 1.9 tons in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 286% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, wool, not carded or combed imports soared to $12K in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 454%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Wool, Not Carded or Combed in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.8 | 4.6 | 8.4 | 11.9 | 145.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.8 | 4.6 | 8.4 | 11.9 | 145.9% |
Top Suppliers of Wool, Not Carded or Combed to Iraq in 2022:
- Turkey (1.9 tons)
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