Price for Wool, Not Carded or Combed in Saudi Arabia - 2021
Contents:
- Price for Wool, Not Carded or Combed in Saudi Arabia (FOB) - 2022
- Price for Wool, Not Carded or Combed in Saudi Arabia (CIF) - 2022
- Exports of Wool, Not Carded or Combed in Saudi Arabia
- Imports of Wool, Not Carded or Combed in Saudi Arabia
Price for Wool, Not Carded or Combed in Saudi Arabia (FOB) - 2022
The average export price for wool, not carded or combed stood at $481 per ton in 2022, dropping by -18.2% against the previous year. In general, the export price recorded a pronounced decline. The pace of growth appeared the most rapid in 2021 an increase of 46% against the previous year. The export price peaked at $627 per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 India ($781 per ton), while the average price for exports to Pakistan ($287 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 India (+0.5%), while the prices for the other major destinations experienced a decline.
Price for Wool, Not Carded or Combed in Saudi Arabia (CIF) - 2022
The average import price for wool, not carded or combed stood at $978 per ton in 2021, which is down by -98.4% against the previous year. In general, the import price, however, recorded a modest increase. The pace of growth was the most pronounced in 2020 an increase of 7,110%. As a result, import price attained the peak level of $61,641 per ton, and then declined sharply in the following year.
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 the UK (+84.3%), while the prices for the other major suppliers experienced a decline.
Exports of Wool, Not Carded or Combed in Saudi Arabia
In 2022, overseas shipments of wool, not carded or combed were finally on the rise to reach 4.3K tons after two years of decline. Overall, exports, however, continue to indicate a abrupt descent.
In value terms, wool, not carded or combed exports contracted modestly to $2.1M in 2022. In general, exports, however, showed a perceptible decline. The growth pace was the most rapid in 2021 with an increase of 7.5%.
| Export of Wool, Not Carded or Combed in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 917 | 971 | 1,129 | 1,094 | 6.1% |
| Pakistan | 751 | 782 | 687 | 706 | -2.0% |
| Kuwait | 523 | 193 | 122 | 267 | -20.1% |
| Others | 63.7 | 45.8 | 203 | N/A | 78.5% |
| Total | 2,255 | 1,992 | 2,141 | 2,067 | -2.9% |
Top Export Markets for Wool, Not Carded or Combed from Saudi Arabia in 2022:
- Pakistan (2.5K tons)
- India (1.4K tons)
- Kuwait (0.4K tons)
Imports of Wool, Not Carded or Combed in Saudi Arabia
In 2021, the amount of wool, not carded or combed imported into Saudi Arabia soared to 69 tons, picking up by 107,075% on the year before. Over the period under review, imports, however, recorded a deep downturn.
In value terms, wool, not carded or combed imports soared to $67K in 2021. Overall, imports, however, saw a relatively flat trend pattern.
| Import of Wool, Not Carded or Combed 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 | 16.4 | 3.9 | 34.3 | 44.6% | |
| Total | 67.4 | 3.9 | 67.1 | -0.2% | |
Top Suppliers of Wool, Not Carded or Combed to Saudi Arabia in 2022:
- Iraq (41.9 tons)
- Egypt (26.0 tons)
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