Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in the Dominican Republic - 2022

Contents:

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

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

In 2022, the average import price for wool, or fine or coarse animal hair; garnetted stock amounted to $5,844 per ton, reducing by -6.1% against the previous year. In general, the import price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $7,535 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +9.6% per year.

Imports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in the Dominican Republic

For the fourth consecutive year, the Dominican Republic recorded growth in overseas purchases of wool, or fine or coarse animal hair; garnetted stock, which increased by 8.4% to 1.1 tons in 2022. The total import volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 8.4%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock rose slightly to $6.2K in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 1.7% against the previous year. 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 the Dominican Republic in 2022:

1. United States (1.1 tons)

Source: IndexBox Market Intelligence Platform