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

Contents:

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

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

In 2022, the average import price for wool; wool tops and other combed wool, in fragmentses amounted to $6,448 per ton, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a significant increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 322% against the previous year. As a result, import price reached the peak level of $11,241 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2018 to 2022, the rate of growth in terms of prices for China amounted to +59.4% per year.

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

In 2022, the average export price for wool; wool tops and other combed wool, in fragmentses amounted to $36,000 per ton, with a decrease of -42.9% against the previous year. Over the period under review, the export price faced a dramatic decrease. The pace of growth was the most pronounced in 2021 when the average export price decreased by -30% against the previous year. Over the period under review, the average export prices attained the peak figure at $90,000 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2020 to 2022, the rate of growth in terms of prices for Switzerland amounted to -36.8% per year.

Imports of Wool; Wool Tops and Other Combed Wool, in Fragments in the Philippines

In 2022, after two years of decline, there was decline in supplies from abroad of wool; wool tops and other combed wool, in fragmentses, when their volume decreased by 0% to 58 kg. Over the period under review, imports faced a dramatic downturn. The smallest decline of 99.9% was in 2020.

In value terms, imports of wool; wool tops and other combed wool, in fragmentses totaled $374 in 2022. Overall, imports continue to indicate a sharp slump. The smallest decline of 99.9% was in 2020.

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

1. China (58.0 kg)

Exports of Wool; Wool Tops and Other Combed Wool, in Fragments in the Philippines

In 2022, overseas shipments of wool; wool tops and other combed wool, in fragmentses decreased by -80% to 1 kg for the first time since 2019, thus ending a two-year rising trend. In general, exports faced a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. As a result, the exports attained the peak of 5 kg, and then shrank markedly in the following year.

In value terms, exports of wool; wool tops and other combed wool, in fragmentses declined sharply to $36 in 2022. Over the period under review, exports recorded a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 17%. As a result, the exports attained the peak of $315, and then fell rapidly in the following year.

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

1. Switzerland (1.0 kg)

Source: IndexBox Market Intelligence Platform