Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Canada - 2024
Contents:
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Canada (CIF) - 2022
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Canada (FOB) - 2022
- Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Canada
- Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Canada
Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Canada (CIF) - 2022
The average import price for wool; wool tops and other combed wool, other than in fragmentses stood at $15,738 per ton in 2022, with a decrease of -4.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 24% against the previous year. As a result, import price reached the peak level of $18,404 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
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 the United States ($32,294 per ton), while the price for India ($5,941 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Canada (FOB) - 2022
The average export price for wool; wool tops and other combed wool, other than in fragmentses stood at $32,719 per ton in 2022, surging by 44% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 151%. As a result, the export price attained the peak level of $34,459 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +53.1% per year.
Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Canada
In 2022, imports of wool; wool tops and other combed wool, other than in fragmentses into Canada soared to 872 tons, increasing by 45% compared with the previous year's figure. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses soared to $14M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.9% 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 +104.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.6 | 1.8 | 7.3 | 8.8 | 144.8% |
| China | 6.9 | 3.4 | 1.5 | 2.9 | -25.1% |
| Uruguay | 0.1 | N/A | N/A | 1.2 | 128.9% |
| United States | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
| India | N/A | 0.3 | N/A | 0.1 | -42.3% |
| United Kingdom | 1.9 | 0.5 | 0.2 | 0.1 | -62.5% |
| Others | 0.7 | 0.5 | 0.6 | 0.3 | -24.6% |
| Total | 10.3 | 6.7 | 9.9 | 13.7 | 10.0% |
Top Suppliers of Wool; Wool Tops and Other Combed Wool, Other than in Fragments to Canada in 2022:
- Italy (509.2 tons)
- China (216.2 tons)
- Uruguay (99.4 tons)
- India (15.0 tons)
- United States (10.8 tons)
- United Kingdom (9.8 tons)
Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Canada
In 2022, overseas shipments of wool; wool tops and other combed wool, other than in fragmentses decreased by -40.4% to 146 kg, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 25%. As a result, the exports reached the peak of 18 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses reduced to $4.8K in 2022. Overall, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 163%. As a result, the exports attained the peak of $267K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.6 | 2.8 | 5.5 | 4.8 | -42.8% |
| Italy | N/A | 264 | N/A | N/A | 0% |
| United Kingdom | 73.4 | N/A | N/A | N/A | 0% |
| Others | 2.6 | N/A | N/A | N/A | 0% |
| Total | 102 | 267 | 5.5 | 4.8 | -63.9% |
Top Export Markets for Wool; Wool Tops and Other Combed Wool, Other than in Fragments from Canada in 2022:
- United States (146.0 kg)
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