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

Contents:

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

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

The average import price for wool, or fine or coarse animal hair; garnetted stock stood at $22,762 per ton in 2022, shrinking by -6.4% against the previous year. In general, the import price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 27%. As a result, import price reached the peak level of $24,313 per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($68,000 per ton), while the price for Malaysia ($17,353 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+466.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for wool, or fine or coarse animal hair; garnetted stock stood at $338,333 per ton in 2021, picking up by 9,373% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($474,000 per ton), while the average price for exports to Germany totaled $270,500 per ton.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+18,336.4%).

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

In 2022, imports of wool, or fine or coarse animal hair; garnetted stock into Singapore declined rapidly to 21 kg, with a decrease of -34.4% compared with the previous year's figure. In general, imports faced a precipitous decrease.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock reduced notably to $478 in 2022. Over the period under review, imports continue to indicate a dramatic slump.

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

1. Malaysia (17.0 kg)
2. China (2.0 kg)
3. United States (1.0 kg)
4. Sweden (1.0 kg)

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

In 2021, approx. 3 kg of wool, or fine or coarse animal hair; garnetted stock were exported from Singapore; which is down by -57.1% against the previous year. Over the period under review, exports continue to indicate a sharp decrease.

In value terms, exports of wool, or fine or coarse animal hair; garnetted stock surged to $1K in 2021. Overall, exports, however, continue to indicate significant growth. As a result, the exports reached 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 Singapore in 2022:

1. Germany (2.0 kg)
2. Indonesia (1.0 kg)

Source: IndexBox Market Intelligence Platform