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

Contents:

1. Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Ecuador (CIF) - 2022
2. Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Ecuador (FOB) - 2022
3. Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Ecuador
4. Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Ecuador

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

The average import price for wool; wool tops and other combed wool, other than in fragmentses stood at $12,457 per ton in 2022, increasing by 6.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 12% against the previous year. The import price peaked at $13,618 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uruguay ($14,591 per ton), while the price for China ($4,238 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+0.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for wool; wool tops and other combed wool, other than in fragmentses amounted to $4,642 per ton, approximately reflecting the previous year. In general, the export price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 12% against the previous year. As a result, the export price reached the peak level of $12,375 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($4,662 per ton), while the average price for exports to Spain totaled $2,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+7.2%).

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

For the third year in a row, Ecuador recorded decline in overseas purchases of wool; wool tops and other combed wool, other than in fragmentses, which decreased by -7.3% to 26 tons in 2022. Over the period under review, imports saw a deep reduction. The smallest decline of -6.8% was in 2021.

In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses contracted slightly to $325K in 2022. Overall, imports recorded a abrupt decrease. The smallest decline of -1.5% was in 2021.

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

1. Uruguay (15.0 tons)
2. Argentina (8.6 tons)
3. China (1.3 tons)
4. Peru (1.1 tons)

Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Ecuador

For the fourth consecutive year, Ecuador recorded growth in overseas shipments of wool; wool tops and other combed wool, other than in fragmentses, which increased by 4.6% to 137 kg in 2022. The total export volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 5.9%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses totaled $636 in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Wool; Wool Tops and Other Combed Wool, Other than in Fragments from Ecuador in 2022:

1. Chile (136.0 kg)

Source: IndexBox Market Intelligence Platform