Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in the United Arab Emirates - 2022

Contents:

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

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

In 2022, the average import price for wool, or fine or coarse animal hair; garnetted stock amounted to $8,758 per ton, with an increase of 68% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 176% against the previous year. As a result, import price attained the peak level of $13,101 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($80,000 per ton), while the price for India stood at $4,161 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.9%).

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

The average export price for wool, or fine or coarse animal hair; garnetted stock stood at $18,325 per ton in 2021, growing by 12% against the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 177%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.

From 2015 to 2021, the rate of growth in terms of prices for Sudan amounted to +107.9% per year.

Imports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in the United Arab Emirates

In 2022, the amount of wool, or fine or coarse animal hair; garnetted stock imported into the United Arab Emirates contracted markedly to 33 kg, which is down by -86.2% against 2021 figures. Overall, imports recorded a dramatic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock declined notably to $289 in 2022. In general, imports continue to indicate a dramatic setback. The growth pace was the most rapid in 2020 with an increase of 48% against the previous year. As a result, imports reached the peak of $2.2K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. India (31.0 kg)
2. China (2.0 kg)

Exports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in the United Arab Emirates

In 2021, after two years of growth, there was significant decline in shipments abroad of wool, or fine or coarse animal hair; garnetted stock, when their volume decreased by -60% to 120 kg. Over the period under review, exports, however, saw a slight expansion. The growth pace was the most rapid in 2020 with an increase of 156%. As a result, the exports reached the peak of 300 kg, and then shrank notably in the following year.

In value terms, exports of wool, or fine or coarse animal hair; garnetted stock shrank markedly to $2.2K in 2021. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 611% against the previous year. As a result, the exports reached the peak of $4.9K, and then reduced dramatically in the following year.

Top Export Markets for Wool, or Fine or Coarse Animal Hair; Garnetted Stock from the United Arab Emirates in 2022:

1. Saudi Arabia (120.0 kg)

Source: IndexBox Market Intelligence Platform