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

Contents:

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

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

The average import price for wool, or fine or coarse animal hair; garnetted stock stood at $2,487 per ton in 2022, growing by 7.3% against the previous year. Overall, the import price posted a remarkable increase. The growth pace was the most rapid in 2015 an increase of 312%. As a result, import price attained the peak level of $5,922 per ton. From 2016 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 ($4,623 per ton), while the price for Norway ($2,138 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+43.7%), 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 the United States (FOB) - 2022

The average export price for wool, or fine or coarse animal hair; garnetted stock stood at $2,022 per ton in 2022, remaining constant against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 32% against the previous year. The export price peaked at $2,842 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Trinidad and Tobago ($2,243 per ton), while the average price for exports to Belgium ($1,867 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 the Netherlands (+21.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, supplies from abroad of wool, or fine or coarse animal hair; garnetted stock decreased by -1.1% to 223 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 136%. As a result, imports attained the peak of 225 tons, and then dropped modestly in the following year.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock expanded markedly to $554K in 2022. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 139%. 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 United States in 2022:

1. Belgium (159.8 tons)
2. Norway (32.4 tons)
3. China (20.5 tons)
4. India (3.2 tons)

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

For the third year in a row, the United States recorded decline in overseas shipments of wool, or fine or coarse animal hair; garnetted stock, which decreased by 0% to 17 tons in 2022. In general, exports saw a dramatic shrinkage. The smallest decline of -73.2% was in 2020.

In value terms, exports of wool, or fine or coarse animal hair; garnetted stock amounted to $34K in 2022. Over the period under review, exports recorded a precipitous setback. The smallest decline of -81% was in 2020.

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

1. Belgium (6.5 tons)
2. Trinidad and Tobago (6.4 tons)
3. Mexico (3.7 tons)

Source: IndexBox Market Intelligence Platform