Price for Yarn of Combed Wool, Not Put Up for Retail Sale in the United States - 2024
Contents:
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in the United States (CIF) - 2024
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in the United States (FOB) - 2024
- Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in the United States
- Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in the United States
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in the United States (CIF) - 2024
In February 2024, the average import price for yarn of combed wool, not put up for retail sale amounted to $31,436 per ton, increasing by 14% against the previous month. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Italy ($46,240 per ton), while the price for India ($12,502 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in the United States (FOB) - 2024
In February 2024, the average export price for yarn of combed wool, not put up for retail sale amounted to $13,104 per ton, growing by 21% against the previous month. In general, export price indicated measured growth from February 2023 to February 2024: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, export price for yarn of combed wool, not put up for retail sale decreased by -19.3% against November 2023 indices. The pace of growth was the most pronounced in July 2023 an increase of 106% against the previous month. As a result, the export price attained the peak level of $19,269 per ton. From August 2023 to February 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In February 2024, the country with the highest price was Canada ($19,063 per ton), while the average price for exports to the UK ($11,643 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 Canada (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in the United States
In 2022, approx. 2.4K tons of yarn of combed wool, not put up for retail sale were imported into the United States; growing by 11% on the year before. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 54%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of yarn of combed wool, not put up for retail sale rose sharply to $57M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 52%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Yarn of Combed Wool, Not Put Up for Retail Sale in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 10.9 | 7.9 | 14.8 | 18.7 | 19.7% |
| Mexico | 7.4 | 5.1 | 7.4 | 11.4 | 15.5% |
| Romania | 8.1 | 6.6 | 7.6 | 7.3 | -3.4% |
| Bulgaria | 0.5 | 2.1 | 3.1 | 4.1 | 101.7% |
| Poland | 4.0 | 1.8 | 2.8 | 3.9 | -0.8% |
| Vietnam | N/A | 2.3 | 6.0 | 3.2 | 18.0% |
| Peru | 2.0 | 1.1 | 1.7 | 2.3 | 4.8% |
| Italy | 2.3 | 1.2 | 2.0 | 1.7 | -9.6% |
| South Africa | 1.8 | 1.6 | 1.2 | 0.9 | -20.6% |
| India | 0.6 | 0.3 | 0.2 | 0.9 | 14.5% |
| China | 1.4 | 0.6 | 1.5 | 0.7 | -20.6% |
| United Kingdom | 1.6 | 0.8 | 0.5 | 0.3 | -42.8% |
| Others | 2.1 | 1.9 | 2.2 | 2.0 | -1.6% |
| Total | 42.7 | 33.4 | 50.8 | 57.4 | 10.4% |
Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to the United States in 2022:
- Canada (802.3 tons)
- Mexico (401.0 tons)
- Romania (272.3 tons)
- Poland (172.4 tons)
- Bulgaria (161.2 tons)
- Vietnam (132.0 tons)
- India (128.6 tons)
- Peru (71.5 tons)
- Italy (42.8 tons)
- South Africa (34.7 tons)
- China (28.3 tons)
- United Kingdom (12.5 tons)
Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in the United States
In 2022, approx. 144 tons of yarn of combed wool, not put up for retail sale were exported from the United States; falling by -49.7% on 2021. Overall, exports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 142%. As a result, the exports attained the peak of 286 tons, and then fell remarkably in the following year.
In value terms, exports of yarn of combed wool, not put up for retail sale declined significantly to $2M in 2022. In general, exports showed a mild contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 123%. As a result, the exports reached the peak of $3.6M, and then fell rapidly in the following year.
| Export of Yarn of Combed Wool, Not Put Up for Retail Sale in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 482 | 501 | 1,345 | 542 | 4.0% |
| Canada | 333 | 158 | 309 | 428 | 8.7% |
| Thailand | 315 | 95.5 | 576 | 286 | -3.2% |
| Mexico | 519 | 559 | 512 | 268 | -19.8% |
| Brazil | 130 | 92.2 | 136 | 120 | -2.6% |
| Italy | 4.6 | 20.1 | 78.0 | 113 | 190.7% |
| Lebanon | 56.1 | 75.3 | N/A | N/A | 34.2% |
| Others | 251 | 89.8 | 595 | 240 | -1.5% |
| Total | 2,091 | 1,591 | 3,552 | 1,996 | -1.5% |
Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from the United States in 2022:
- Panama (47.6 tons)
- Thailand (28.7 tons)
- Canada (24.9 tons)
- Mexico (17.2 tons)
- Brazil (10.8 tons)
- Italy (9.7 tons)
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