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

Contents:

1. Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Italy (FOB) - 2024
2. Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Italy (CIF) - 2022
3. Exports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Italy
4. Imports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Italy

Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Italy (FOB) - 2024

The average export price for wool, or fine or coarse animal hair; garnetted stock stood at $983 per ton in March 2024, declining by -70.1% against the previous month. In general, the export price showed a perceptible decline. The pace of growth appeared the most rapid in February 2024 an increase of 289% m-o-m. As a result, the export price attained the peak level of $3,292 per ton, and then declined dramatically in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Slovakia ($19,694 per ton), while the average price for exports to Germany totaled $347 per ton.

From April 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for wool, or fine or coarse animal hair; garnetted stock amounted to $2,357 per ton, with a decrease of -37.9% against the previous year. In general, the import price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 85% against the previous year. Over the period under review, average import prices attained the maximum at $7,156 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($3,640 per ton), while the price for Morocco ($654 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, exports of wool, or fine or coarse animal hair; garnetted stock from Italy soared to 1.8K tons, with an increase of 38% against the previous year. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 73% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of wool, or fine or coarse animal hair; garnetted stock shrank to $1.9M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports reached the peak of $2.1M, and then fell in the following year.

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

1. Germany (1365.7 tons)
2. Ukraine (254.7 tons)
3. Turkey (98.9 tons)
4. Spain (44.5 tons)
5. Egypt (32.1 tons)

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

In 2022, approx. 123 tons of wool, or fine or coarse animal hair; garnetted stock were imported into Italy; picking up by 186% against the year before. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock surged to $290K in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern.

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

1. India (56.1 tons)
2. Morocco (52.8 tons)
3. Lithuania (13.9 tons)

Source: IndexBox Market Intelligence Platform