Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Australia - 2024

Contents:

1. Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Australia (FOB) - 2022
2. Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Australia (CIF) - 2022
3. Exports of Wool; Wool Tops and Other Combed Wool, in Fragments in Australia
4. Imports of Wool; Wool Tops and Other Combed Wool, in Fragments in Australia

Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Australia (FOB) - 2022

In 2022, the average export price for wool; wool tops and other combed wool, in fragmentses amounted to $17,705 per ton, rising by 7.9% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 119% against the previous year. As a result, the export price reached the peak level of $19,002 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($23,294 per ton), while the average price for exports to the Czech Republic ($9,875 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 New Zealand (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Australia (CIF) - 2022

In 2022, the average import price for wool; wool tops and other combed wool, in fragmentses amounted to $24,346 per ton, growing by 31% against the previous year. In general, the import price enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when the average import price increased by 41%. The import price peaked at $25,804 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 China amounted to +27.8% per year.

Exports of Wool; Wool Tops and Other Combed Wool, in Fragments in Australia

In 2022, the amount of wool; wool tops and other combed wool, in fragmentses exported from Australia dropped to 80 tons, falling by -10.5% against the year before. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, the exports attained the peak of 90 tons, and then declined in the following year.

In value terms, exports of wool; wool tops and other combed wool, in fragmentses contracted modestly to $1.4M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. As a result, the exports reached the peak of $1.5M, and then fell slightly in the following year.

Top Export Markets for Wool; Wool Tops and Other Combed Wool, in Fragments from Australia in 2022:

1. United Kingdom (32.6 tons)
2. Italy (27.5 tons)
3. Germany (14.7 tons)
4. Czech Republic (2.8 tons)
5. Lithuania (2.7 tons)

Imports of Wool; Wool Tops and Other Combed Wool, in Fragments in Australia

In 2022, overseas purchases of wool; wool tops and other combed wool, in fragmentses decreased by -60.9% to 1.1 tons, falling for the second year in a row after two years of growth. In general, imports showed a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of 13%. As a result, imports reached the peak of 3.1 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of wool; wool tops and other combed wool, in fragmentses reduced sharply to $27K in 2022. Overall, imports saw a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 5.9% against the previous year.

Top Suppliers of Wool; Wool Tops and Other Combed Wool, in Fragments to Australia in 2022:

1. Italy (1.1 tons)

Source: IndexBox Market Intelligence Platform