Price for Wool, Not Carded or Combed in Spain - 2023
Contents:
- Price for Wool, Not Carded or Combed in Spain (FOB) - 2023
- Price for Wool, Not Carded or Combed in Spain (CIF) - 2022
- Exports of Wool, Not Carded or Combed in Spain
- Imports of Wool, Not Carded or Combed in Spain
Price for Wool, Not Carded or Combed in Spain (FOB) - 2023
In July 2023, the average export price for wool, not carded or combed amounted to $1,931 per ton, surging by 14% against the previous month. Over the period under review, export price indicated a modest expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, wool, not carded or combed export price increased by +91.6% against March 2023 indices. The growth pace was the most rapid in April 2023 an increase of 34% month-to-month. Over the period under review, the average export prices hit record highs in July 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($5,785 per ton), while the average price for exports to Hungary ($1,279 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wool, Not Carded or Combed in Spain (CIF) - 2022
In 2022, the average import price for wool, not carded or combed amounted to $2,086 per ton, rising by 30% against the previous year. Overall, the import price, however, saw a slight reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure at $2,758 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,450 per ton), while the price for Tunisia ($818 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wool, Not Carded or Combed in Spain
Wool, not carded or combed exports from Spain reduced to 12K tons in 2022, therefore, remained relatively stable against the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. As a result, the exports attained the peak of 12K tons, leveling off in the following year.
In value terms, wool, not carded or combed exports fell to $19M in 2022. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 24%.
| Export of Wool, Not Carded or Combed in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.9 | 10.8 | 13.6 | 11.2 | -24.4% |
| Uruguay | 0.4 | 0.5 | 0.9 | 1.7 | 62.0% |
| Lithuania | 0.5 | 0.7 | 1.3 | 1.2 | 33.9% |
| Italy | 0.8 | 0.8 | 0.7 | 1.0 | 7.7% |
| Portugal | 1.1 | 0.8 | 1.0 | 0.9 | -6.5% |
| France | 0.5 | 0.6 | 0.5 | 0.7 | 11.9% |
| United Kingdom | 0.4 | 0.7 | 0.8 | 0.7 | 20.5% |
| Egypt | 1.2 | 0.8 | 0.7 | 0.4 | -30.7% |
| Belgium | 1.1 | 0.5 | 0.2 | 0.4 | -28.6% |
| United States | 0.8 | 0.1 | 0.3 | 0.1 | -50.0% |
| Others | 1.1 | 0.4 | 0.7 | 1.0 | -3.1% |
| Total | 33.9 | 16.7 | 20.8 | 19.3 | -17.1% |
Top Export Markets for Wool, Not Carded or Combed from Spain in 2022:
- China (6.2K tons)
- Uruguay (1.4K tons)
- Portugal (1.2K tons)
- Lithuania (0.7K tons)
- France (0.6K tons)
- United Kingdom (0.4K tons)
- Italy (0.3K tons)
- Egypt (0.3K tons)
- Belgium (0.3K tons)
- United States (0.1K tons)
Imports of Wool, Not Carded or Combed in Spain
In 2022, after three years of growth, there was significant decline in supplies from abroad of wool, not carded or combed, when their volume decreased by -6.2% to 3K tons. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 36%. As a result, imports reached the peak of 3.2K tons, and then declined in the following year.
In value terms, wool, not carded or combed imports surged to $6.3M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wool, Not Carded or Combed in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 150 | 44.6 | 116 | 1,705 | 124.8% |
| Portugal | 1,635 | 1,499 | 1,573 | 1,303 | -7.3% |
| Italy | 534 | 518 | 649 | 886 | 18.4% |
| Australia | 752 | 684 | 781 | 828 | 3.3% |
| United Kingdom | 361 | 476 | 708 | 496 | 11.2% |
| Tunisia | 652 | 295 | 291 | 294 | -23.3% |
| New Zealand | 464 | 469 | 648 | 261 | -17.5% |
| Czech Republic | 191 | 42.5 | 158 | 182 | -1.6% |
| Others | 333 | 298 | 214 | 324 | -0.9% |
| Total | 5,071 | 4,325 | 5,137 | 6,281 | 7.4% |
Top Suppliers of Wool, Not Carded or Combed to Spain in 2022:
- Portugal (1520.6 tons)
- Tunisia (359.5 tons)
- United Kingdom (291.1 tons)
- Germany (201.8 tons)
- Australia (167.2 tons)
- Italy (150.0 tons)
- New Zealand (104.3 tons)
- Czech Republic (72.4 tons)
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