Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Portugal - 2024
Contents:
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Portugal (CIF) - 2024
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Portugal (FOB) - 2024
- Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Portugal
- Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Portugal
Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Portugal (CIF) - 2024
In April 2024, the average import price for wool; wool tops and other combed wool, other than in fragmentses amounted to $12,331 per ton, waning by -2.5% against the previous month. In general, the import price saw a mild slump. The most prominent rate of growth was recorded in January 2024 an increase of 26% m-o-m. Over the period under review, average import prices attained the peak figure at $14,319 per ton in April 2023; however, from May 2023 to April 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Italy ($24,321 per ton), while the price for Bulgaria ($10,540 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Portugal (FOB) - 2024
In April 2024, the average export price for wool; wool tops and other combed wool, other than in fragmentses amounted to $2,880 per ton, falling by -28.9% against the previous month. Over the period under review, export price indicated mild growth from April 2023 to April 2024: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2024 figures, export price for wool; wool tops and other combed wool, other than in fragmentses increased by +20.1% against February 2024 indices. The most prominent rate of growth was recorded in June 2023 an increase of 78% month-to-month. Over the period under review, the average export prices reached the peak figure at $4,051 per ton in March 2024, and then contracted rapidly in the following month.
As there is only one major export destination, the average price level is determined by prices for Spain.
From April 2023 to April 2024, the rate of growth in terms of prices for Spain amounted to +1.3% per month.
Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Portugal
In 2022, supplies from abroad of wool; wool tops and other combed wool, other than in fragmentses was finally on the rise to reach 1.5K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt contraction.
In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses soared to $18M in 2022. Overall, imports, however, showed a abrupt curtailment.
| Import of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.7 | 2.3 | 6.9 | 7.6 | 64.7% |
| Germany | 9.5 | 5.6 | 3.2 | 3.1 | -31.2% |
| China | 0.8 | 3.1 | 0.1 | 2.5 | 46.2% |
| Bulgaria | 13.1 | 4.3 | 1.6 | 2.4 | -43.2% |
| Czech Republic | 5.6 | 1.9 | 1.4 | 0.8 | -47.7% |
| Uruguay | 0.1 | N/A | 0.1 | 0.8 | 100.0% |
| Spain | 0.2 | 0.2 | 0.6 | 0.6 | 44.2% |
| United Kingdom | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Others | 0.5 | 2.0 | 0.6 | 0.4 | -7.2% |
| Total | 31.5 | 19.6 | 14.6 | 18.3 | -16.6% |
Top Suppliers of Wool; Wool Tops and Other Combed Wool, Other than in Fragments to Portugal in 2022:
- Italy (645.7 tons)
- Germany (240.0 tons)
- China (200.3 tons)
- Bulgaria (148.5 tons)
- Spain (101.5 tons)
- Uruguay (70.3 tons)
- Czech Republic (59.8 tons)
- United Kingdom (12.5 tons)
Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Portugal
In 2022, the amount of wool; wool tops and other combed wool, other than in fragmentses exported from Portugal fell modestly to 528 tons, waning by -1.7% against the previous year's figure. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 764%. As a result, the exports reached the peak of 537 tons, and then shrank in the following year.
In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses rose rapidly to $1.7M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 531%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 153 | 199 | 1,434 | 1,677 | 122.1% |
| Others | 75.4 | 35.5 | 43.4 | 3.1 | -65.5% |
| Total | 229 | 234 | 1,477 | 1,680 | 94.3% |
Top Export Markets for Wool; Wool Tops and Other Combed Wool, Other than in Fragments from Portugal in 2022:
- Spain (526.4 tons)
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