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

Contents:

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

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

The average import price for wool; wool tops and other combed wool, other than in fragmentses stood at $9,580 per ton in 2022, picking up by 1.9% against the previous year. Overall, the import price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 30% against the previous year. The import price peaked at $12,913 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($45,162 per ton), while the price for New Zealand ($5,054 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for wool; wool tops and other combed wool, other than in fragmentses stood at $6,156 per ton in 2022, dropping by -6.3% against the previous year. In general, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 97% against the previous year. Over the period under review, the average export prices hit record highs at $17,786 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($8,971 per ton), while the average price for exports to the Czech Republic stood at $1,181 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+24.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of wool; wool tops and other combed wool, other than in fragmentses into Indonesia surged to 470 tons, increasing by 32% on 2021 figures. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses skyrocketed to $4.5M in 2022. Over the period under review, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +2.0% 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 +75.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Taiwan (Chinese) (238.9 tons)
2. China (163.7 tons)
3. New Zealand (36.9 tons)
4. Australia (14.5 tons)
5. Malaysia (9.4 tons)
6. Japan (7.0 tons)

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

In 2022, overseas shipments of wool; wool tops and other combed wool, other than in fragmentses were finally on the rise to reach 437 kg after two years of decline. Over the period under review, exports, however, saw a precipitous decrease.

In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses dropped to $2.7K in 2022. Overall, exports, however, showed a sharp curtailment.

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

1. South Korea (279.0 kg)
2. Czech Republic (155.0 kg)

Source: IndexBox Market Intelligence Platform