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

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

In 2022, the average import price for wool; wool tops and other combed wool, other than in fragmentses amounted to $5,274 per ton, falling by -37.4% against the previous year. Over the period under review, the import price, however, recorded a measured increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 72%. As a result, import price attained the peak level of $8,425 per ton, and then fell markedly in the following year.

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 Egypt ($6,400 per ton), while the price for China stood at $3,968 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by China (-7.4%).

Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Algeria

In 2022, after two years of growth, there was significant decline in overseas purchases of wool; wool tops and other combed wool, other than in fragmentses, when their volume decreased by -61% to 2 tons. Over the period under review, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 130%. As a result, imports attained the peak of 5.2 tons, and then declined remarkably in the following year.

In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses contracted sharply to $11K in 2022. Overall, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 294%. As a result, imports attained the peak of $44K, and then dropped sharply in the following year.