Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in Nepal - 2022

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

In 2022, the average import price for wool, or fine or coarse animal hair; garnetted stock amounted to $5,887 per ton, surging by 5.4% against the previous year. Overall, the import price showed strong growth. The growth pace was the most rapid in 2016 when the average import price increased by 539% against the previous year. The import price peaked at $20,418 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($7,079 per ton), while the price for China amounted to $5,254 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.6%).

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

Imports of wool, or fine or coarse animal hair; garnetted stock into Nepal fell to 513 kg in 2022, which is down by -10.2% on the previous year's figure. In general, imports showed a abrupt descent. The smallest decline of -1.1% was in 2020.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock contracted to $3K in 2022. Overall, imports saw a sharp contraction. The smallest decline of -5.3% was in 2021.