Price for Wool, Not Carded or Combed in Italy - 2023
Contents:
- Price for Wool, Not Carded or Combed in Italy (CIF) - 2023
- Price for Wool, Not Carded or Combed in Italy (FOB) - 2022
- Imports of Wool, Not Carded or Combed in Italy
- Exports of Wool, Not Carded or Combed in Italy
Price for Wool, Not Carded or Combed in Italy (CIF) - 2023
The average import price for wool, not carded or combed stood at $10,776 per ton in July 2023, waning by -4.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.9%. The pace of growth was the most pronounced in August 2022 an increase of 25% against the previous month. The import price peaked at $11,545 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Uruguay ($14,374 per ton), while the price for France ($2,276 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool, Not Carded or Combed in Italy (FOB) - 2022
The average export price for wool, not carded or combed stood at $1,500 per ton in 2022, surging by 9.1% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. Over the period under review, the average export prices hit record highs at $2,119 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($8,218 per ton), while the average price for exports to India ($579 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 Poland (+14.8%), while the prices for the other major destinations experienced a decline.
Imports of Wool, Not Carded or Combed in Italy
In 2022, approx. 26K tons of wool, not carded or combed were imported into Italy; picking up by 6% on 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 54%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, wool, not carded or combed imports soared to $232M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 54%.
| Import of Wool, Not Carded or Combed in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 152 | 63.6 | 94.1 | 160 | 1.7% |
| New Zealand | 36.8 | 21.1 | 39.8 | 29.5 | -7.1% |
| South Africa | 21.4 | 14.8 | 18.9 | 18.9 | -4.1% |
| United Kingdom | 2.7 | 1.4 | 3.4 | 5.9 | 29.8% |
| China | 1.8 | 1.0 | 4.4 | 4.6 | 36.7% |
| Uruguay | 5.1 | 3.4 | 6.0 | 4.2 | -6.3% |
| Germany | 1.9 | 2.0 | 2.3 | 2.4 | 8.1% |
| Argentina | 4.2 | 2.6 | 4.1 | 2.2 | -19.4% |
| Others | 9.4 | 4.8 | 3.9 | 4.2 | -23.6% |
| Total | 235 | 115 | 177 | 232 | -0.4% |
Top Suppliers of Wool, Not Carded or Combed to Italy in 2022:
- Australia (12.5K tons)
- New Zealand (7.7K tons)
- South Africa (2.1K tons)
- United Kingdom (0.9K tons)
- Germany (0.5K tons)
- Uruguay (0.4K tons)
- China (0.4K tons)
- Argentina (0.3K tons)
Exports of Wool, Not Carded or Combed in Italy
In 2022, the amount of wool, not carded or combed exported from Italy shrank to 5.5K tons, which is down by -11.1% on the previous year. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year.
In value terms, wool, not carded or combed exports shrank slightly to $8.2M in 2022. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 16%.
| Export of Wool, Not Carded or Combed in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.7 | 2.0 | 2.7 | 2.2 | 9.0% |
| Poland | 1.9 | 1.3 | 1.8 | 1.7 | -3.6% |
| Hungary | 2.6 | 1.0 | 1.4 | 1.2 | -22.7% |
| China | 1.5 | 0.5 | 0.4 | 0.6 | -26.3% |
| United Kingdom | 0.6 | 0.3 | 0.2 | 0.1 | -45.0% |
| Others | 3.8 | 2.2 | 2.0 | 2.4 | -14.2% |
| Total | 12.1 | 7.3 | 8.5 | 8.2 | -12.2% |
Top Export Markets for Wool, Not Carded or Combed from Italy in 2022:
- India (3832.2 tons)
- China (791.6 tons)
- Hungary (279.1 tons)
- Poland (211.6 tons)
- United Kingdom (62.3 tons)
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