Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Pakistan - 2023

Contents:

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

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

In 2022, the average export price for wool; wool tops and other combed wool, other than in fragmentses amounted to $1,256 per ton, dropping by -46.1% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 36% against the previous year. As a result, the export price reached the peak level of $3,398 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,410 per ton), while the average price for exports to China totaled $1,221 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-6.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for wool; wool tops and other combed wool, other than in fragmentses amounted to $2,496 per ton, reducing by -24.4% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 68% against the previous year. As a result, import price reached the peak level of $8,207 per ton. From 2018 to 2022, the average import prices remained at a 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 Taiwan (Chinese) ($12,062 per ton), while the price for China stood at $1,964 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, after two years of decline, there was significant growth in overseas shipments of wool; wool tops and other combed wool, other than in fragmentses, when their volume increased by 729% to 189 tons. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses surged to $237K in 2022. Over the period under review, exports recorded a significant increase. 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 Pakistan in 2022:

1. China (154.0 tons)
2. United States (35.0 tons)

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

In 2022, approx. 26 tons of wool; wool tops and other combed wool, other than in fragmentses were imported into Pakistan; waning by -54.4% against 2021. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 254% against the previous year. As a result, imports reached the peak of 57 tons, and then reduced remarkably in the following year.

In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses fell dramatically to $64K in 2022. In general, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 116%. As a result, imports reached the peak of $187K, and then fell dramatically in the following year.

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

1. China (24.4 tons)
2. Taiwan (Chinese) (1.4 tons)

Source: IndexBox Market Intelligence Platform