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

Contents:

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

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

The average import price for wool; wool tops and other combed wool, other than in fragmentses stood at $11,087 per ton in 2022, falling by -9.2% against the previous year. Over the period under review, the import price, however, continues to indicate a measured expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 99% against the previous year. As a result, import price attained the peak level of $15,454 per ton. From 2020 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 India ($15,070 per ton), while the price for the UK ($4,323 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+7.5%), 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 South Africa (FOB) - 2022

The average export price for wool; wool tops and other combed wool, other than in fragmentses stood at $4,663 per ton in 2022, falling by -5.5% against the previous year. Over the period under review, the export price faced a abrupt decline. The growth pace was the most rapid in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices reached the maximum at $14,258 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($59,000 per ton), while the average price for exports to Swaziland ($2,766 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 the UK (+15.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 175 tons of wool; wool tops and other combed wool, other than in fragmentses were imported into South Africa; waning by -5.7% compared with the previous year. In general, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 6.8%.

In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses declined to $1.9M in 2022. Overall, imports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 2.8%.

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

1. Czech Republic (69.8 tons)
2. Uruguay (58.9 tons)
3. Taiwan (Chinese) (20.0 tons)
4. Argentina (13.0 tons)
5. India (9.3 tons)

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

In 2022, overseas shipments of wool; wool tops and other combed wool, other than in fragmentses decreased by -85.5% to 15 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of 104 tons, and then fell markedly in the following year.

In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses contracted notably to $71K in 2022. In general, exports faced a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of $515K, and then dropped significantly in the following year.

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

1. Swaziland (5.0 tons)
2. Mozambique (3.7 tons)
3. Italy (2.4 tons)
4. Lesotho (0.9 tons)
5. Botswana (0.3 tons)

Source: IndexBox Market Intelligence Platform