Price for Yarn of Combed Wool, Not Put Up for Retail Sale in China - 2024
Contents:
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in China (FOB) - 2024
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in China (CIF) - 2022
- Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in China
- Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in China
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in China (FOB) - 2024
In February 2024, the average export price for yarn of combed wool, not put up for retail sale amounted to $19,610 per ton, rising by 8.1% against the previous month. Overall, the export price, however, recorded a mild downturn. The most prominent rate of growth was recorded in January 2024 when the average export price increased by 8.1% m-o-m. Over the period under review, the average export prices hit record highs at $24,614 per ton in February 2023; however, from March 2023 to February 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In February 2024, the country with the highest price was Russia ($25,924 per ton), while the average price for exports to Belgium ($5,131 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+1.3%), while the prices for the other major destinations experienced a decline.
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in China (CIF) - 2022
The average import price for yarn of combed wool, not put up for retail sale stood at $18,750 per ton in 2022, increasing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2016 an increase of 30% against the previous year. As a result, import price attained the peak level of $19,460 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
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 South Korea ($25,486 per ton), while the price for Taiwan (Chinese) ($16,054 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.0%), 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 China
In 2022, approx. 12K tons of yarn of combed wool, not put up for retail sale were exported from China; standing approx. at the year before. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.
In value terms, exports of yarn of combed wool, not put up for retail sale rose notably to $270M in 2022. Overall, exports, however, showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 18% against the previous year.
| Export of Yarn of Combed Wool, Not Put Up for Retail Sale in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 61.0 | 47.4 | 46.7 | 54.1 | -3.9% |
| Italy | 18.5 | 11.0 | 14.6 | 39.6 | 28.9% |
| Bangladesh | 18.0 | 18.7 | 22.3 | 29.8 | 18.3% |
| United States | 1.6 | 1.1 | 17.0 | 26.5 | 154.9% |
| Thailand | 31.2 | 18.3 | 19.4 | 18.4 | -16.1% |
| Cambodia | 15.2 | 8.1 | 8.1 | 16.5 | 2.8% |
| Japan | 31.1 | 13.9 | 8.6 | 16.5 | -19.0% |
| Hong Kong SAR | 75.3 | 55.0 | 52.2 | 9.8 | -49.3% |
| Germany | 6.3 | 2.0 | 2.4 | 8.0 | 8.3% |
| Australia | 7.5 | 4.6 | 6.4 | 5.6 | -9.3% |
| Myanmar | 33.2 | 6.1 | 2.1 | 5.1 | -46.4% |
| Pakistan | 4.4 | 4.5 | 5.6 | 4.3 | -0.8% |
| Belgium | 0.5 | 0.5 | 1.2 | 1.2 | 33.9% |
| Others | 61.5 | 25.2 | 49.3 | 34.9 | -17.2% |
| Total | 365 | 216 | 256 | 270 | -9.6% |
Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from China in 2022:
- Vietnam (2451.8 tons)
- Italy (1833.5 tons)
- Bangladesh (1259.1 tons)
- Japan (750.0 tons)
- Thailand (738.3 tons)
- Cambodia (726.6 tons)
- Pakistan (630.3 tons)
- Hong Kong SAR (416.7 tons)
- United States (339.5 tons)
- Germany (302.8 tons)
- Australia (250.0 tons)
- Myanmar (230.1 tons)
- Belgium (204.0 tons)
Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in China
In 2022, overseas purchases of yarn of combed wool, not put up for retail sale decreased by -58.6% to 2.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 88%.
In value terms, imports of yarn of combed wool, not put up for retail sale declined rapidly to $40M in 2022. In general, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by 61%.
| Import of Yarn of Combed Wool, Not Put Up for Retail Sale in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 32.9 | 23.8 | 25.2 | 23.3 | -10.9% |
| Japan | 4.9 | 3.9 | 4.1 | 2.7 | -18.0% |
| South Korea | 3.8 | 1.9 | 2.9 | 2.0 | -19.3% |
| Taiwan (Chinese) | 0.3 | 0.3 | 0.3 | 1.9 | 85.0% |
| Vietnam | N/A | N/A | 5.8 | 1.0 | -82.8% |
| United Kingdom | 1.0 | 1.0 | 1.0 | 0.4 | -26.3% |
| Others | 2.9 | 42.8 | 40.6 | 8.6 | 43.7% |
| Total | 45.8 | 73.6 | 80.0 | 39.9 | -4.5% |
Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to China in 2022:
- Italy (1038.3 tons)
- Japan (125.4 tons)
- Taiwan (Chinese) (115.8 tons)
- South Korea (79.8 tons)
- Vietnam (53.2 tons)
- United Kingdom (15.5 tons)
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