Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Thailand - 2024

Contents:

  1. Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Thailand (FOB) - 2024
  2. Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Thailand (CIF) - 2024
  3. Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Thailand
  4. Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Thailand

Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Thailand (FOB) - 2024

The average export price for yarn of combed wool, not put up for retail sale stood at $20,814 per ton in February 2024, picking up by 1.7% against the previous month. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2023 an increase of 18% month-to-month. As a result, the export price reached the peak level of $23,516 per ton. From October 2023 to February 2024, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Sri Lanka ($40,753 per ton), while the average price for exports to Australia ($15,730 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 Australia (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Yarn of Combed Wool, Not Put Up for Retail Sale in Thailand (CIF) - 2024

The average import price for yarn of combed wool, not put up for retail sale stood at $23,321 per ton in February 2024, dropping by -9.4% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2023 an increase of 48% month-to-month. Over the period under review, average import prices hit record highs at $35,345 per ton in September 2023; however, from October 2023 to February 2024, import prices stood at a somewhat lower figure.

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

From February 2023 to February 2024, the rate of growth in terms of prices for China amounted to +0.3% per month.

Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in Thailand

Exports of yarn of combed wool, not put up for retail sale from Thailand surged to 2.5K tons in 2022, rising by 82% on the year before. Overall, exports recorded a significant increase. As a result, the exports attained the peak 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 surged to $51M in 2022. Over the period under review, exports enjoyed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Yarn of Combed Wool, Not Put Up for Retail Sale in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy14.95.810.123.316.1%
Japan14.97.511.320.711.6%
VietnamN/AN/A0.42.0400.0%
DenmarkN/AN/A0.41.4250.0%
Germany1.20.30.71.32.7%
Lithuania1.20.51.40.6-20.6%
Others2.01.11.22.00.0%
Total34.215.225.451.314.5%

Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from Thailand in 2022:

  1. Japan (1102.9 tons)
  2. Italy (1092.0 tons)
  3. Vietnam (77.4 tons)
  4. Germany (62.5 tons)
  5. Denmark (47.3 tons)
  6. Lithuania (27.7 tons)

Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in Thailand

In 2022, overseas purchases of yarn of combed wool, not put up for retail sale increased by 24% to 702 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a noticeable contraction.

In value terms, imports of yarn of combed wool, not put up for retail sale surged to $17M in 2022. Over the period under review, imports, however, showed a noticeable reduction.

Import of Yarn of Combed Wool, Not Put Up for Retail Sale in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China17.113.411.315.5-3.2%
United States0.30.20.70.410.1%
Italy1.10.60.30.2-43.3%
South Korea0.41.20.30.2-20.6%
Others0.30.20.40.30.0%
Total19.215.512.916.6-4.7%

Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to Thailand in 2022:

  1. China (639.5 tons)
  2. United States (34.4 tons)
  3. South Korea (6.9 tons)
  4. Italy (3.3 tons)

Source: IndexBox Market Intelligence Platform

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