Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Lithuania - 2023

Contents:

1. Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Lithuania (CIF) - 2022
2. Imports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Lithuania

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

In 2022, the average import price for wool, or fine or coarse animal hair; garnetted stock amounted to $8,075 per ton, surging by 103% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wool, or fine or coarse animal hair; garnetted stock increased by +104.6% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Ireland ($9,942 per ton), while the price for Italy amounted to $6,270 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

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

For the third year in a row, Lithuania recorded decline in supplies from abroad of wool, or fine or coarse animal hair; garnetted stock, which decreased by -87.8% to 3 tons in 2022. Overall, imports continue to indicate a significant contraction. The smallest decline of -30.4% was in 2021.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock fell sharply to $25K in 2022. Over the period under review, imports faced a precipitous decline. The smallest decline of -31.5% was in 2021.

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

1. Italy (1.6 tons)
2. Ireland (1.4 tons)

Source: IndexBox Market Intelligence Platform