Wool; Carded Price in Nepal - 2022

Wool; Carded Price in Nepal (CIF) - 2022

In 2022, the average wool; carded import price amounted to $18,179 per ton, growing by 19% against the previous year. In general, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 116% against the previous year. As a result, import price reached the peak level of $21,208 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mongolia ($18,368 per ton), while the price for India stood at $8,082 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.9%), while the prices for the other major suppliers experienced a decline.

Wool; Carded Price in Nepal (FOB) - 2022

The average wool; carded export price stood at $15,267 per ton in 2022, increasing by 13% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 -28.9% against 2017 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 40%. The export price peaked at $21,482 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($33,273 per ton), while the average price for exports to Canada ($6,000 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 Sweden (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wool; Carded Imports in Nepal

Wool; carded imports into Nepal surged to 2.9 tons in 2022, with an increase of 378% compared with the year before. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wool; carded imports surged to $53K in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Wool; Carded in Nepal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mongolia	3.4	0.6	1.5	52.1	148.4%
India	3.0	0.3	0.2	0.4	-48.9%
Peru	N/A	N/A	2.0	N/A	0%
China	3.2	3.1	5.4	N/A	29.9%
Italy	1.1	N/A	N/A	N/A	0%
Others	0.1	0.6	0.1	N/A	0.0%
Total	10.9	4.6	9.3	52.5	68.9%

Top Suppliers of Wool; Carded to Nepal in 2022:

Mongolia (2838.0 kg)
India (49.0 kg)

Wool; Carded Exports in Nepal

Wool; carded exports from Nepal soared to 7 tons in 2022, growing by 150% against 2021. Overall, exports, however, faced a deep downturn.

In value terms, wool; carded exports soared to $107K in 2022. In general, exports, however, continue to indicate a abrupt descent.

Export of Wool; Carded in Nepal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	39.0	89.3	18.4	80.0	27.1%
United States	86.7	56.4	9.8	13.6	-46.1%
Norway	7.5	14.0	2.0	4.4	-16.3%
Canada	6.9	4.3	0.6	3.4	-21.0%
United Kingdom	N/A	N/A	1.3	2.6	100.0%
Sweden	21.7	4.2	0.2	0.7	-68.2%
Others	5.8	7.7	5.2	2.1	-28.7%
Total	168	176	37.6	107	-14.0%