Price for Wool; Wool Tops and Other Combed Wool, in Fragments in India - 2023

Contents:

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

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

The average import price for wool; wool tops and other combed wool, in fragmentses stood at $10,000 per ton in 2022, flattening at the previous year. In general, the import price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 322%. Over the period under review, average import prices reached the peak figure at $10,115 per ton in 2021, and then shrank modestly in the following year.

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

From 2013 to 2022, the rate of growth in terms of prices for Jordan amounted to +34.1% per year.

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

The average export price for wool; wool tops and other combed wool, in fragmentses stood at $15,919 per ton in 2022, falling by -75.2% against the previous year. Overall, the export price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 1,663%. The export price peaked at $69,730 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($19,708 per ton), while the average price for exports to Bangladesh totaled $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+346.1%), while the prices for the other major destinations experienced a decline.

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

For the third year in a row, India recorded decline in overseas purchases of wool; wool tops and other combed wool, in fragmentses, which decreased by -64.4% to 6.1 tons in 2022. Over the period under review, imports saw a precipitous setback. The smallest decline of -29.1% was in 2020.

In value terms, imports of wool; wool tops and other combed wool, in fragmentses dropped dramatically to $61K in 2022. Overall, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year.

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

1. Jordan (6.1 tons)

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

After two years of decline, shipments abroad of wool; wool tops and other combed wool, in fragmentses increased by 2,222% to 627 kg in 2022. Overall, exports, however, showed a sharp slump.

In value terms, exports of wool; wool tops and other combed wool, in fragmentses surged to $10K in 2022. In general, exports, however, recorded a dramatic descent.

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

1. Malaysia (500.0 kg)
2. Bangladesh (127.0 kg)

Source: IndexBox Market Intelligence Platform