Price for Wool, Not Carded or Combed in Venezuela - 2022
Contents:
- Price for Wool, Not Carded or Combed in Venezuela (CIF) - 2022
- Price for Wool, Not Carded or Combed in Venezuela (FOB) - 2022
- Imports of Wool, Not Carded or Combed in Venezuela
- Exports of Wool, Not Carded or Combed in Venezuela
Price for Wool, Not Carded or Combed in Venezuela (CIF) - 2022
The average import price for wool, not carded or combed stood at $7,009 per ton in 2022, declining by -12.3% against the previous year. In general, the import price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 41% against the previous year. The import price peaked at $7,993 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($7,772 per ton), while the price for Panama ($1,946 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Wool, Not Carded or Combed in Venezuela (FOB) - 2022
The average export price for wool, not carded or combed stood at $1,545 per ton in 2022, picking up by 3.2% against the previous year. Overall, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 3.2% against the previous year. The export price peaked at $2,353 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -4.1% per year.
Imports of Wool, Not Carded or Combed in Venezuela
In 2022, after three years of growth, there was significant decline in purchases abroad of wool, not carded or combed, when their volume decreased by -63.4% to 15 tons. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of 40 tons, and then contracted significantly in the following year.
In value terms, wool, not carded or combed imports contracted dramatically to $102K in 2022. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 76%. As a result, imports reached the peak of $318K, and then declined rapidly in the following year.
| Import of Wool, Not Carded or Combed in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | 309 | 91.6 | -70.4% |
| United States | 95.2 | 129 | 7.1 | 7.9 | -56.4% |
| Panama | 41.1 | 51.5 | 2.6 | 2.7 | -59.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 136 | 181 | 318 | 102 | -9.1% |
Top Suppliers of Wool, Not Carded or Combed to Venezuela in 2022:
- South Africa (11.8 tons)
- United States (1.4 tons)
- Panama (1.4 tons)
Exports of Wool, Not Carded or Combed in Venezuela
For the fourth year in a row, Venezuela recorded growth in shipments abroad of wool, not carded or combed, which increased by 11% to 22 tons in 2022. The total export volume increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 11%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, wool, not carded or combed exports rose rapidly to $34K in 2022. The total export value increased at an average annual rate of +14.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 14%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Wool, Not Carded or Combed in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 22.8 | 26.0 | 29.8 | 34.0 | 14.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 22.8 | 26.0 | 29.8 | 34.0 | 14.2% |
Top Export Markets for Wool, Not Carded or Combed from Venezuela in 2022:
- India (22.0 tons)
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