Price for Wool, Not Carded or Combed in Russia - 2022
Contents:
- Price for Wool, Not Carded or Combed in Russia (FOB) - 2022
- Price for Wool, Not Carded or Combed in Russia (CIF) - 2022
- Exports of Wool, Not Carded or Combed in Russia
- Imports of Wool, Not Carded or Combed in Russia
Price for Wool, Not Carded or Combed in Russia (FOB) - 2022
The average export price for wool, not carded or combed stood at $790 per ton in January 2022, waning by -7.9% against the previous month. In general, the export price showed a abrupt setback. The pace of growth appeared the most rapid in March 2021 when the average export price increased by 47% month-to-month. Over the period under review, the average export prices attained the peak figure at $2,097 per ton in January 2021; however, from February 2021 to January 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In January 2022, the country with the highest price was Belarus ($3,661 per ton), while the average price for exports to China ($484 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+2.7%), while the prices for the other major destinations experienced a decline.
Price for Wool, Not Carded or Combed in Russia (CIF) - 2022
The average import price for wool, not carded or combed stood at $640 per ton in January 2022, dropping by -25.1% against the previous month. In general, import price indicated a moderate increase from January 2021 to January 2022: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, wool, not carded or combed import price decreased by -32.2% against October 2021 indices. The growth pace was the most rapid in February 2021 an increase of 79% m-o-m. The import price peaked at $944 per ton in October 2021; however, from November 2021 to January 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In January 2022, the country with the highest price was Turkmenistan ($698 per ton), while the price for Uzbekistan totaled $589 per ton.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wool, Not Carded or Combed in Russia
Wool, not carded or combed exports from Russia rose notably to 7K tons in 2022, growing by 11% compared with 2021 figures. Over the period under review, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 102%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, wool, not carded or combed exports declined to $8.5M in 2022. Overall, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 27%.
| Export of Wool, Not Carded or Combed in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 1.0 | 3.5 | 4.5 | 26.9% |
| Belarus | 3.3 | 3.6 | 2.7 | 2.8 | -5.3% |
| India | 5.0 | 1.3 | 1.8 | 1.2 | -37.9% |
| Bulgaria | 0.8 | 0.7 | 0.8 | N/A | 0.0% |
| Germany | 0.5 | 0.2 | 0.1 | N/A | -55.3% |
| Uruguay | 1.2 | 0.5 | 0.6 | N/A | -29.3% |
| Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Total | 13.2 | 7.5 | 9.5 | 8.5 | -13.6% |
Top Export Markets for Wool, Not Carded or Combed from Russia in 2022:
- China (5.1K tons)
- Belarus (1.5K tons)
- India (0.4K tons)
Imports of Wool, Not Carded or Combed in Russia
In 2022, approx. 4.5K tons of wool, not carded or combed were imported into Russia; with a decrease of -5.6% on the previous year's figure. Over the period under review, imports faced a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 13%.
In value terms, wool, not carded or combed imports contracted slightly to $3.5M in 2022. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 0.7% against the previous year.
| Import of Wool, Not Carded or Combed in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkmenistan | 2.9 | 1.5 | 1.7 | 1.8 | -14.7% |
| Uzbekistan | 1.3 | 0.8 | 0.6 | 1.7 | 9.4% |
| Kazakhstan | 0.3 | 0.1 | 0.2 | N/A | -18.4% |
| Greece | 0.2 | 0.5 | 0.4 | N/A | 41.4% |
| Others | 0.6 | 0.5 | 0.6 | N/A | 0.0% |
| Total | 5.4 | 3.5 | 3.5 | 3.5 | -13.5% |
Top Suppliers of Wool, Not Carded or Combed to Russia in 2022:
- Uzbekistan (2.3K tons)
- Turkmenistan (2.1K tons)
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