Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Australia - 2024
Contents:
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Australia (CIF) - 2024
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Australia (FOB) - 2022
- Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Australia
- Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Australia
Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Australia (CIF) - 2024
The average import price for wool; wool tops and other combed wool, other than in fragmentses stood at $5,849 per ton in May 2024, waning by -51.9% against the previous month. Overall, the import price recorded a slight shrinkage. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 154% m-o-m. The import price peaked at $13,285 per ton in February 2024; however, from March 2024 to May 2024, 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 May 2023 to May 2024, the rate of growth in terms of prices for China amounted to -1.5% per month.
Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Australia (FOB) - 2022
The average export price for wool; wool tops and other combed wool, other than in fragmentses stood at $3,351 per ton in 2022, falling by -30.7% 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 150%. The export price peaked at $20,253 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($15,769 per ton), while the average price for exports to Israel ($1,335 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 New Zealand (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Australia
In 2022, after three years of growth, there was significant decline in supplies from abroad of wool; wool tops and other combed wool, other than in fragmentses, when their volume decreased by -8.8% to 467 tons. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 38% against the previous year.
In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses rose sharply to $3.5M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,567 | 2,041 | 2,692 | 3,254 | 27.6% |
| United Kingdom | 2.2 | 2.5 | N/A | 144 | 303.0% |
| Egypt | 65.6 | 89.7 | N/A | 84.9 | 9.0% |
| Italy | 156 | 3.5 | 357 | 1.3 | -79.7% |
| Others | 90.9 | 93.1 | 70.7 | 11.7 | -49.5% |
| Total | 1,882 | 2,230 | 3,119 | 3,495 | 22.9% |
Top Suppliers of Wool; Wool Tops and Other Combed Wool, Other than in Fragments to Australia in 2022:
- China (430.6 tons)
- United Kingdom (22.3 tons)
- Egypt (13.6 tons)
- Italy (0.1 tons)
Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Australia
In 2022, after two years of decline, there was significant decline in shipments abroad of wool; wool tops and other combed wool, other than in fragmentses, when their volume decreased by -87.1% to 3.3 tons. Over the period under review, exports faced a sharp decline.
In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses declined rapidly to $11K in 2022. Overall, exports recorded a dramatic decline.
| Export of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 123 | 6.9 | -94.4% |
| New Zealand | 27.2 | N/A | N/A | 3.1 | -51.5% |
| Israel | N/A | N/A | N/A | 0.9 | 0% |
| United States | 58.6 | N/A | N/A | N/A | 0% |
| Italy | 523 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 609 | N/A | 123 | 11.0 | -73.8% |
Top Export Markets for Wool; Wool Tops and Other Combed Wool, Other than in Fragments from Australia in 2022:
- China (2.4 tons)
- Israel (0.7 tons)
- New Zealand (0.2 tons)
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