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

Contents:

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

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

In 2022, the average import price for wool, or fine or coarse animal hair; garnetted stock amounted to $4,019 per ton, declining by -8.8% against the previous year. Overall, the import price, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 44% against the previous year. The import price peaked at $4,631 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2013 to 2022, the rate of growth in terms of prices for Italy amounted to +2.9% per year.

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

The average export price for wool, or fine or coarse animal hair; garnetted stock stood at $3,750 per ton in 2022, picking up by 19% against the previous year. Overall, the export price saw a strong increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 89% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,800 per ton), while the average price for exports to Finland ($1,000 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+69.6%), 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 Turkey

For the fourth consecutive year, Turkey recorded growth in overseas purchases of wool, or fine or coarse animal hair; garnetted stock, which increased by 18% to 99 tons in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of wool, or fine or coarse animal hair; garnetted stock rose sharply to $398K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 42%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

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

1. Italy (98.9 tons)

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

In 2022, exports of wool, or fine or coarse animal hair; garnetted stock from Turkey fell notably to 40 kg, declining by -51.8% compared with 2021 figures. In general, exports saw a dramatic contraction.

In value terms, exports of wool, or fine or coarse animal hair; garnetted stock declined rapidly to $150 in 2022. Over the period under review, exports faced a dramatic slump.

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

1. Denmark (21.0 kg)
2. United States (10.0 kg)
3. Italy (7.0 kg)
4. Saudi Arabia (1.0 kg)
5. Finland (1.0 kg)

Source: IndexBox Market Intelligence Platform