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

Contents:

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

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

In 2022, the average import price for wool, or fine or coarse animal hair; garnetted stock amounted to $4,395 per ton, with an increase of 40% against the previous year. In general, the import price, however, recorded a abrupt contraction. The import price peaked at $20,291 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -15.6% per year.

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

The average export price for wool, or fine or coarse animal hair; garnetted stock stood at $3,505 per ton in 2022, shrinking by -59.6% against the previous year. Overall, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 1,777%. Over the period under review, the average export prices reached the peak figure at $44,168 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($8,256 per ton), while the average price for exports to Denmark ($2,211 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+62.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of wool, or fine or coarse animal hair; garnetted stock decreased by -78% to 24 tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,673% against the previous year. As a result, imports attained the peak of 109 tons, and then shrank sharply in the following year.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock contracted rapidly to $105K in 2022. In general, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 3,757%. As a result, imports attained the peak of $341K, and then dropped significantly in the following year.

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

1. China (23.6 tons)

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

For the fourth consecutive year, the UK recorded growth in shipments abroad of wool, or fine or coarse animal hair; garnetted stock, which increased by 269% to 17 tons in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of wool, or fine or coarse animal hair; garnetted stock surged to $60K in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 72%. Over the period under review, the exports of attained the peak figure 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 the UK in 2022:

1. Denmark (12.6 tons)
2. Spain (3.2 tons)
3. India (1.0 tons)
4. Canada (0.5 tons)

Source: IndexBox Market Intelligence Platform