Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Canada - 2024

Contents:

1. Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Canada (FOB) - 2022
2. Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Canada (CIF) - 2022
3. Exports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Canada
4. Imports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Canada

Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Canada (FOB) - 2022

The average export price for wool, or fine or coarse animal hair; garnetted stock stood at $3,919 per ton in 2022, approximately reflecting the previous year. Overall, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2019 when the average export price increased by 85% against the previous year. The export price peaked at $4,127 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +45.5% per year.

Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Canada (CIF) - 2022

The average import price for wool, or fine or coarse animal hair; garnetted stock stood at $1,897 per ton in 2022, which is down by -3.6% against the previous year. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the peak figure at $3,118 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($1,897 per ton), while the price for the United States amounted to $1,833 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-1.7%), while the prices for the other major suppliers experienced a decline.

Exports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Canada

For the third year in a row, Canada recorded decline in shipments abroad of wool, or fine or coarse animal hair; garnetted stock, which decreased by 0% to 1.5 tons in 2022. In general, exports enjoyed a significant expansion. The smallest decline of -95.5% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of wool, or fine or coarse animal hair; garnetted stock stood at $5.8K in 2022. Over the period under review, exports saw a significant expansion. The smallest decline of -97.6% was in 2020. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Export Markets for Wool, or Fine or Coarse Animal Hair; Garnetted Stock from Canada in 2022:

1. United States (1.5 tons)

Imports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Canada

In 2022, purchases abroad of wool, or fine or coarse animal hair; garnetted stock decreased by -17.5% to 1 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a sharp decrease. The growth pace was the most rapid in 2020 when imports increased by 39% against the previous year. As a result, imports attained the peak of 5.5 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock dropped significantly to $1.9K in 2022. Over the period under review, imports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 36% against the previous year. As a result, imports reached the peak of $10K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Wool, or Fine or Coarse Animal Hair; Garnetted Stock to Canada in 2022:

1. United Kingdom (1002.0 kg)
2. United States (6.0 kg)

Source: IndexBox Market Intelligence Platform