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

Contents:

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

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

The average export price for wool, or fine or coarse animal hair; garnetted stock stood at $3,356 per ton in 2022, increasing by 1.6% against the previous year. In general, the export price saw slight growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($21,941 per ton), while the average price for exports to Italy ($3,321 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 Canada (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for wool, or fine or coarse animal hair; garnetted stock amounted to $5,105 per ton, with an increase of 58% against the previous year. Overall, the import price, however, continues to indicate a deep slump. Over the period under review, average import prices reached the peak figure at $10,333 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2016 to 2022, the rate of growth in terms of prices for the UK amounted to +31.0% per year.

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

After two years of decline, overseas shipments of wool, or fine or coarse animal hair; garnetted stock increased by 267% to 115 tons in 2022. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of wool, or fine or coarse animal hair; garnetted stock surged to $386K in 2022. In general, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Italy (111.8 tons)
2. United States (3.2 tons)

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

In 2022, approx. 1 tons of wool, or fine or coarse animal hair; garnetted stock were imported into India; with a decrease of -88.2% compared with 2021. In general, imports saw a sharp reduction.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock plummeted to $5.1K in 2022. Overall, imports faced a dramatic decline.

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

1. United Kingdom (1.0 tons)

Source: IndexBox Market Intelligence Platform