Wool; Carded Price in Bangladesh - 2022

Contents:

1. Wool; Carded Price in Bangladesh (CIF) - 2022
2. Wool; Carded Price in Bangladesh (FOB) - 2022
3. Wool; Carded Imports in Bangladesh
4. Wool; Carded Exports in Bangladesh

Wool; Carded Price in Bangladesh (CIF) - 2022

The average wool; carded import price stood at $21,512 per ton in 2022, growing by 67% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 107%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Italy ($24,424 per ton), while the price for India ($1,371 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+80.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Wool; Carded Price in Bangladesh (FOB) - 2022

The average wool; carded export price stood at $26,033 per ton in 2022, surging by 9.3% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wool; carded export price decreased by -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 73% against the previous year. As a result, the export price reached the peak level of $26,677 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($43,000 per ton), while the average price for exports to Switzerland ($9,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wool; Carded Imports in Bangladesh

In 2022, approx. 1.9 tons of wool; carded were imported into Bangladesh; waning by -53.3% against 2021 figures. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 8,585% against the previous year. As a result, imports attained the peak of 4 tons, and then dropped remarkably in the following year.

In value terms, wool; carded imports fell significantly to $40K in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 17,916%. As a result, imports attained the peak of $52K, and then shrank significantly in the following year.

Top Suppliers of Wool; Carded to Bangladesh in 2022:

1. Italy (1518.0 kg)
2. India (178.0 kg)
3. China (171.0 kg)

Wool; Carded Exports in Bangladesh

After three years of growth, shipments abroad of wool; carded decreased by -94.6% to 30 kg in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,004% against the previous year.

In value terms, wool; carded exports contracted sharply to $781 in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,809% against the previous year.

Top Export Markets for Wool; Carded from Bangladesh in 2022:

1. United Arab Emirates (20.0 kg)
2. Austria (7.0 kg)
3. Switzerland (2.0 kg)
4. Slovenia (1.0 kg)

Source: IndexBox Market Intelligence Platform