Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Norway - 2024

Contents:

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

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

The average import price for wool; wool tops and other combed wool, other than in fragmentses stood at $9,230 per ton in 2022, shrinking by -6.4% against the previous year. In general, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 45%. As a result, import price attained the peak level of $13,937 per ton. From 2020 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 China ($15,607 per ton), while the price for the UK ($5,107 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (-0.2%), 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 Norway (FOB) - 2022

The average export price for wool; wool tops and other combed wool, other than in fragmentses stood at $34,277 per ton in 2022, waning by -31.9% against the previous year. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 1,118%. As a result, the export price reached the peak level of $94,579 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($95,089 per ton), while the average price for exports to Finland ($25,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of wool; wool tops and other combed wool, other than in fragmentses into Norway surged to 291 tons, picking up by 43% compared with the previous year. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses surged to $2.7M in 2022. The total import value increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Norway in 2022:

1. Uruguay (98.0 tons)
2. United Kingdom (82.9 tons)
3. Czech Republic (44.3 tons)
4. Argentina (31.6 tons)
5. Germany (12.1 tons)
6. China (8.2 tons)
7. Brazil (6.5 tons)

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

In 2022, approx. 2.1 tons of wool; wool tops and other combed wool, other than in fragmentses were exported from Norway; increasing by 51% compared with 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 8,138% against the previous year. As a result, the exports attained the peak of 2.8 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses rose modestly to $70K in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 9,599% against the previous year. As a result, the exports attained the peak of $135K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Sweden (705.0 kg)
2. Iceland (464.0 kg)
3. Denmark (427.0 kg)
4. United States (229.0 kg)
5. Thailand (101.0 kg)
6. Finland (55.0 kg)
7. Italy (31.0 kg)
8. Netherlands (22.0 kg)
9. Germany (9.0 kg)

Source: IndexBox Market Intelligence Platform