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

Contents:

1. Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Thailand (CIF) - 2024
2. Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Thailand (FOB) - 2022
3. Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Thailand
4. Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Thailand

Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Thailand (CIF) - 2024

The average import price for wool; wool tops and other combed wool, other than in fragmentses stood at $14,574 per ton in May 2024, increasing by 30% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 52% m-o-m. As a result, import price attained the peak level of $19,778 per ton. From July 2023 to May 2024, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From May 2023 to May 2024, the rate of growth in terms of prices for China amounted to +0.9% per month.

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

In 2021, the average export price for wool; wool tops and other combed wool, other than in fragmentses amounted to $8,872 per ton, reducing by -27.1% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2016 when the average export price increased by 91%. Over the period under review, the average export prices hit record highs at $34,221 per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($12,715 per ton), while the average price for exports to Germany stood at $7,208 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+37.4%), 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 Thailand

In 2022, approx. 697 tons of wool; wool tops and other combed wool, other than in fragmentses were imported into Thailand; with an increase of 126% on 2021 figures. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 216% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses skyrocketed to $13M in 2022. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 197% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

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

1. China (638.7 tons)
2. New Zealand (30.8 tons)
3. Argentina (26.0 tons)

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

In 2021, approx. 278 tons of wool; wool tops and other combed wool, other than in fragmentses were exported from Thailand; picking up by 65% compared with 2020. In general, total exports indicated a significant increase from 2019 to 2021: its volume increased at an average annual rate of +25.4% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 soared to $2.5M in 2021. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained 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 Thailand in 2022:

1. Germany (194.0 tons)
2. China (84.0 tons)

Source: IndexBox Market Intelligence Platform