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

Contents:

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

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

The average export price for wool; wool tops and other combed wool, other than in fragmentses stood at $4,777 per ton in 2022, reducing by -33.9% against the previous year. In general, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2013 an increase of 20%. The export price peaked at $14,845 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Burkina Faso.

From 2012 to 2022, the rate of growth in terms of prices for Burkina Faso amounted to -8.1% per year.

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

In 2022, the average import price for wool; wool tops and other combed wool, other than in fragmentses amounted to $3,183 per ton, with a decrease of -10.6% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 36%. Over the period under review, average import prices reached the peak figure at $6,522 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($11,500 per ton), while the price for China ($2,767 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

For the fourth year in a row, Ghana recorded growth in overseas shipments of wool; wool tops and other combed wool, other than in fragmentses, which increased by 51% to 1 tons in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 144% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses totaled $4.9K in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 78%. The exports peaked in 2022 and are likely to continue growth in the near future.

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

1. Burkina Faso (1.0 tons)

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

In 2022, overseas purchases of wool; wool tops and other combed wool, other than in fragmentses decreased by -30.7% to 104 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 192%.

In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses dropped rapidly to $331 in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 149%.

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

1. United Kingdom (58.0 kg)
2. China (43.0 kg)
3. United States (2.0 kg)

Source: IndexBox Market Intelligence Platform