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

Contents:

  1. Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Italy (FOB) - 2024
  2. Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Italy (CIF) - 2024
  3. Exports of Wool; Wool Tops and Other Combed Wool, in Fragments in Italy
  4. Imports of Wool; Wool Tops and Other Combed Wool, in Fragments in Italy

Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Italy (FOB) - 2024

The average export price for wool; wool tops and other combed wool, in fragmentses stood at $12,543 per ton in February 2024, rising by 14% against the previous month. In general, the export price posted prominent growth. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 137% m-o-m. As a result, the export price reached the peak level of $35,796 per ton. From September 2023 to February 2024, the the average export prices failed to regain momentum.

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

From February 2023 to February 2024, the rate of growth in terms of prices for France amounted to +19.8% per month.

Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Italy (CIF) - 2024

The average import price for wool; wool tops and other combed wool, in fragmentses stood at $11,598 per ton in February 2024, shrinking by -13.7% against the previous month. In general, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 162% month-to-month. As a result, import price attained the peak level of $36,309 per ton. From September 2023 to February 2024, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was China ($17,324 per ton), while the price for India totaled $11,349 per ton.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Romania (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of wool; wool tops and other combed wool, in fragmentses exported from Italy stood at 398 tons, increasing by 13% on 2021. Over the period under review, exports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 41%.

In value terms, exports of wool; wool tops and other combed wool, in fragmentses dropped dramatically to $3.9M in 2022. Overall, exports, however, faced a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year.

Export of Wool; Wool Tops and Other Combed Wool, in Fragments in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom1,08418.04501,75217.4%
Lithuania1,8871,1011,7421,310-11.5%
Turkey965576872127-49.1%
Austria139189100122-4.3%
Slovakia1.73.117.363.6234.5%
France43158.92000.7-88.2%
Portugal1.423.9746N/A2208.4%
Czech Republic2,6498903.7N/A-96.3%
Others661572638541-6.5%
Total7,8203,4324,7693,916-20.6%

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

  1. United Kingdom (205.0 tons)
  2. Lithuania (120.7 tons)
  3. Turkey (20.3 tons)
  4. Austria (10.6 tons)
  5. Slovakia (6.2 tons)
  6. France (0.1 tons)

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

In 2022, the amount of wool; wool tops and other combed wool, in fragmentses imported into Italy shrank significantly to 276 tons, which is down by -29.9% compared with 2021. Over the period under review, imports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year.

In value terms, imports of wool; wool tops and other combed wool, in fragmentses contracted significantly to $3.5M in 2022. In general, imports saw a sharp downturn. The smallest decline of -0.2% was in 2021.

Import of Wool; Wool Tops and Other Combed Wool, in Fragments in Italy (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,2201,5781,1001,111-20.6%
Argentina98.0N/A9.947969.7%
AustraliaN/AN/A23042183.0%
Spain3.2124176351378.7%
Germany6456811,035287-23.7%
LithuaniaN/A40.453.3208126.9%
India57229.4431175-32.6%
Bulgaria146478300N/A43.3%
Czech Republic5,229548123N/A-84.7%
Others4088909004825.7%
Total9,3214,3684,3583,514-27.8%

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

  1. Argentina (56.7 tons)
  2. Spain (53.0 tons)
  3. China (52.1 tons)
  4. Germany (29.9 tons)
  5. India (27.7 tons)
  6. Australia (22.7 tons)
  7. Lithuania (5.0 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Wool; wool tops and other combed wool, in fragments - Italy