Price for Wool; Wool Tops and Other Combed Wool, in Fragments in the UK - 2024
Contents:
- Price for Wool; Wool Tops and Other Combed Wool, in Fragments in the UK (CIF) - 2024
- Price for Wool; Wool Tops and Other Combed Wool, in Fragments in the UK (FOB) - 2022
- Imports of Wool; Wool Tops and Other Combed Wool, in Fragments in the UK
- Exports of Wool; Wool Tops and Other Combed Wool, in Fragments in the UK
Price for Wool; Wool Tops and Other Combed Wool, in Fragments in the UK (CIF) - 2024
The average import price for wool; wool tops and other combed wool, in fragmentses stood at $9,493 per ton in February 2024, reducing by -18% against the previous month. Overall, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in April 2023 when the average import price increased by 296% month-to-month. The import price peaked at $17,566 per ton in February 2023; however, from March 2023 to February 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($12,725 per ton), while the price for Poland amounted to $3,706 per ton.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by New Zealand (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool; Wool Tops and Other Combed Wool, in Fragments in the UK (FOB) - 2022
The average export price for wool; wool tops and other combed wool, in fragmentses stood at $6,515 per ton in 2022, declining by -13.4% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 226%. The export price peaked at $12,994 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($22,143 per ton), while the average price for exports to Portugal ($2,838 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 Lithuania (+28.7%), 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 the UK
In 2022, imports of wool; wool tops and other combed wool, in fragmentses into the UK soared to 983 tons, jumping by 300% compared with the previous year's figure. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of wool; wool tops and other combed wool, in fragmentses skyrocketed to $14M in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wool; Wool Tops and Other Combed Wool, in Fragments in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.0 | 0.6 | 2.8 | 9.4 | 46.3% |
| Italy | 0.1 | N/A | N/A | 2.1 | 175.9% |
| Australia | 0.9 | 0.9 | 1.1 | 0.8 | -3.9% |
| Poland | N/A | N/A | N/A | 0.6 | 0% |
| Uruguay | N/A | N/A | 0.2 | 0.2 | 0.0% |
| New Zealand | N/A | N/A | N/A | 0.2 | 0% |
| Malaysia | 1.0 | 0.1 | N/A | N/A | -90.0% |
| Others | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Total | 4.9 | 1.6 | 4.1 | 13.6 | 40.5% |
Top Suppliers of Wool; Wool Tops and Other Combed Wool, in Fragments to the UK in 2022:
- China (432.5 tons)
- Poland (230.6 tons)
- Italy (180.4 tons)
- Uruguay (68.7 tons)
- Australia (32.8 tons)
- New Zealand (14.7 tons)
Exports of Wool; Wool Tops and Other Combed Wool, in Fragments in the UK
In 2022, shipments abroad of wool; wool tops and other combed wool, in fragmentses decreased by -29% to 50 tons, falling for the second consecutive year after two years of growth. In general, exports saw a slight reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 49% against the previous year. As a result, the exports attained the peak of 77 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of wool; wool tops and other combed wool, in fragmentses reduced sharply to $323K in 2022. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. As a result, the exports reached the peak of $525K, and then reduced remarkably in the following year.
| Export of Wool; Wool Tops and Other Combed Wool, in Fragments in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 61.8 | N/A | N/A | 190 | 45.4% |
| Ireland | N/A | 23.9 | 118 | 40.3 | 29.9% |
| Portugal | 44.1 | 26.7 | 74.6 | 34.7 | -7.7% |
| Italy | 84.8 | 211 | 131 | 16.4 | -42.2% |
| Canada | 150 | 32.5 | 54.6 | 10.5 | -58.8% |
| Spain | N/A | 60.4 | 3.4 | N/A | -94.4% |
| Others | 51.4 | 84.5 | 143 | 30.4 | -16.1% |
| Total | 392 | 439 | 525 | 323 | -6.2% |
Top Export Markets for Wool; Wool Tops and Other Combed Wool, in Fragments from the UK in 2022:
- Lithuania (30.1 tons)
- Portugal (12.2 tons)
- Ireland (3.7 tons)
- Italy (2.0 tons)
- Canada (0.5 tons)
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