Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Canada - 2024
Contents:
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Canada (FOB) - 2024
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Canada (CIF) - 2024
- Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Canada
- Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Canada
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Canada (FOB) - 2024
The average export price for yarn of combed wool, not put up for retail sale stood at $28,681 per ton in January 2024, with an increase of 53% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $28,960 per ton in August 2023; however, from September 2023 to January 2024, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to +0.3% per month.
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Canada (CIF) - 2024
The average import price for yarn of combed wool, not put up for retail sale stood at $15,581 per ton in January 2024, which is down by -22.8% against the previous month. Overall, the import price, however, saw a prominent expansion. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 166% month-to-month. Over the period under review, average import prices hit record highs at $20,297 per ton in March 2023; however, from April 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Romania ($78,032 per ton), while the price for China ($1,738 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Bulgaria (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Canada
Exports of yarn of combed wool, not put up for retail sale from Canada rose significantly to 807 tons in 2022, increasing by 15% against the previous year. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 109% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of yarn of combed wool, not put up for retail sale soared to $19M in 2022. In general, exports recorded resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 83%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Yarn of Combed Wool, Not Put Up for Retail Sale in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.2 | 8.4 | 15.3 | 19.1 | 19.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.2 | 8.4 | 15.3 | 19.1 | 19.5% |
Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from Canada in 2022:
- United States (806.8 tons)
Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Canada
In 2022, approx. 277 tons of yarn of combed wool, not put up for retail sale were imported into Canada; with a decrease of -4.7% against 2021 figures. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 91%. As a result, imports reached the peak of 290 tons, and then reduced slightly in the following year.
In value terms, imports of yarn of combed wool, not put up for retail sale declined slightly to $3.5M in 2022. In general, imports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2021 when imports increased by 52% against the previous year.
| Import of Yarn of Combed Wool, Not Put Up for Retail Sale in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 654 | 640 | 1,145 | 895 | 11.0% |
| India | 647 | 383 | 562 | 671 | 1.2% |
| Romania | 1,105 | 406 | 294 | 572 | -19.7% |
| Peru | 225 | 102 | 257 | 412 | 22.3% |
| United States | 246 | 93.8 | 231 | 222 | -3.4% |
| Germany | 44.6 | 143 | 253 | 213 | 68.4% |
| United Kingdom | 225 | 171 | 290 | 122 | -18.5% |
| China | 212 | 137 | 150 | 120 | -17.3% |
| Bulgaria | 17.2 | 44.8 | 288 | 115 | 88.4% |
| Switzerland | 11.0 | 2.9 | 16.2 | 80.9 | 94.5% |
| Turkey | 0.9 | 1.1 | 3.1 | 24.9 | 202.4% |
| Poland | 195 | 137 | 4.4 | 7.0 | -67.0% |
| Others | 163 | 129 | 129 | 30.1 | -43.1% |
| Total | 3,746 | 2,392 | 3,624 | 3,486 | -2.4% |
Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to Canada in 2022:
- Italy (87.7 tons)
- India (60.8 tons)
- Romania (51.7 tons)
- United States (18.3 tons)
- Peru (12.4 tons)
- Germany (9.9 tons)
- China (8.1 tons)
- Turkey (7.7 tons)
- United Kingdom (7.5 tons)
- Bulgaria (6.2 tons)
- Switzerland (5.0 tons)
- Poland (0.3 tons)
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