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

Contents:

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

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

In 2022, the average import price for wool; wool tops and other combed wool, in fragmentses amounted to $6,718 per ton, with a decrease of -3.5% against the previous year. Over the period under review, the import price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2021 an increase of 5.5% against the previous year. The import price peaked at $8,736 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($6,730 per ton) and the United States ($6,720 per ton), while the price for China ($6,708 per ton) and Italy ($6,708 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-1.4%), while the prices for the other major suppliers experienced a decline.

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

In 2021, the average export price for wool; wool tops and other combed wool, in fragmentses amounted to $4,215 per ton, increasing by 9.6% against the previous year. Over the period under review, the export price, however, saw a sharp setback. The growth pace was the most rapid in 2016 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices hit record highs at $44,723 per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -23.1% per year.

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

In 2022, the amount of wool; wool tops and other combed wool, in fragmentses imported into Canada skyrocketed to 140 tons, picking up by 50% compared with the previous year's figure. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 120%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of wool; wool tops and other combed wool, in fragmentses surged to $939K in 2022. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 132%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. United States (117.0 tons)
2. China (15.9 tons)
3. Italy (3.6 tons)
4. United Kingdom (1.8 tons)

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

In 2021, approx. 270 kg of wool; wool tops and other combed wool, in fragmentses were exported from Canada; reducing by -17.4% on the previous year's figure. Overall, exports saw a abrupt setback.

In value terms, exports of wool; wool tops and other combed wool, in fragmentses fell to $1.1K in 2021. Over the period under review, exports saw a deep downturn.

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

1. United States (270.0 kg)

Source: IndexBox Market Intelligence Platform