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

Contents:

1. Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Bahrain (CIF) - 2022
2. Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Bahrain

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

In 2022, the average import price for wool; wool tops and other combed wool, other than in fragmentses amounted to $16,917 per ton, increasing by 104% against the previous year. In general, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 112% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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 Norway ($118,000 per ton), while the price for China ($8,391 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+730.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Imports of wool; wool tops and other combed wool, other than in fragmentses into Bahrain reduced to 72 kg in 2022, with a decrease of -6.5% against the year before. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 756%. As a result, imports reached the peak of 77 kg, and then reduced in the following year.

In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses soared to $1.2K in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,000% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. United Kingdom (46.0 kg)
2. China (23.0 kg)
3. Norway (2.0 kg)
4. Italy (1.0 kg)

Source: IndexBox Market Intelligence Platform