Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Russia - 2022

Contents:

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

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

In 2022, the average import price for wool; wool tops and other combed wool, in fragmentses amounted to $22,339 per ton, with an increase of 109% against the previous year. In general, the import price continues to indicate a moderate expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 167%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to +17.8% per year.

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

In 2022, the average export price for wool; wool tops and other combed wool, in fragmentses amounted to $19,580 per ton, picking up by 231% against the previous year. In general, the export price enjoyed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($22,182 per ton), while the average price for exports to Latvia ($15,174 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 Turkey (+46.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 737 kg of wool; wool tops and other combed wool, in fragmentses were imported into Russia; waning by -92.5% against the previous year's figure. In general, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 167%.

In value terms, imports of wool; wool tops and other combed wool, in fragmentses shrank remarkably to $16K in 2022. Overall, imports faced a sharp curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 99%.

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

1. Italy (737.0 kg)

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

In 2022, exports of wool; wool tops and other combed wool, in fragmentses from Russia shrank markedly to 207 kg, dropping by -99.7% compared with 2021. Overall, exports showed a sharp shrinkage. The smallest decline of -5.9% was in 2020.

In value terms, exports of wool; wool tops and other combed wool, in fragmentses contracted notably to $4.1K in 2022. In general, exports recorded a precipitous curtailment. The smallest decline of -16.6% was in 2020.

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

1. Kazakhstan (150.0 kg)
2. Latvia (46.0 kg)
3. Armenia (11.0 kg)

Source: IndexBox Market Intelligence Platform