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

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

The average import price for wool; wool tops and other combed wool, in fragmentses stood at $56,625 per ton in 2022, rising by 8.7% against the previous year. In general, the import price recorded strong growth. The growth pace was the most rapid in 2017 when the average import price increased by 290% against the previous year. As a result, import price reached the peak level of $197,300 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($201,000 per ton), while the price for Poland ($31,333 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, supplies from abroad of wool; wool tops and other combed wool, in fragmentses was finally on the rise to reach 96 kg after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced downturn.

In value terms, imports of wool; wool tops and other combed wool, in fragmentses surged to $5.4K in 2022. Overall, imports enjoyed a tangible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Wool; Wool Tops and Other Combed Wool, in Fragments in Norway (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	1.0	1.8	0.3	2.5	35.7%
United States	0.3	N/A	N/A	2.2	94.3%
Poland	N/A	N/A	N/A	0.3	0%
Germany	N/A	N/A	1.5	0.3	-80.0%
United Kingdom	3.6	0.6	0.4	0.2	-61.8%
New Zealand	N/A	0.6	N/A	N/A	0%
Others	N/A	0.3	N/A	N/A	0%
Total	5.0	3.4	2.1	5.4	2.6%