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

Contents:

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

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

The average export price for wool, or fine or coarse animal hair; garnetted stock stood at $13,118 per ton in 2022, picking up by 22% against the previous year. Over the period under review, the export price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 53%. Over the period under review, the average export prices reached the peak figure at $45,500 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($60,405 per ton), while the average price for exports to the United States totaled $11,500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+2.7%).

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

In 2022, the average import price for wool, or fine or coarse animal hair; garnetted stock amounted to $2,703 per ton, which is down by -17.4% against the previous year. Overall, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 95% against the previous year. As a result, import price reached the peak level of $5,701 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($5,479 per ton), while the price for Sweden ($1,225 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, approx. 1.1 tons of wool, or fine or coarse animal hair; garnetted stock were exported from Norway; growing by 53% on 2021 figures. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 404%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of wool, or fine or coarse animal hair; garnetted stock skyrocketed to $15K in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 670% against the previous year. Over the period under review, the exports of hit record highs 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 Norway in 2022:

1. United States (1081.0 kg)
2. Denmark (37.0 kg)

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

Imports of wool, or fine or coarse animal hair; garnetted stock into Norway surged to 1.5 tons in 2022, rising by 77% against 2021 figures. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 219%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock skyrocketed to $3.9K in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 203%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Germany (670.0 kg)
2. Denmark (666.0 kg)
3. Netherlands (48.0 kg)
4. Sweden (40.0 kg)

Source: IndexBox Market Intelligence Platform