Wool; Carded Price in South Africa - 2023

Contents:

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

Wool; Carded Price in South Africa (FOB) - 2022

In 2022, the average wool; carded export price amounted to $6,021 per ton, growing by 3.8% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 118%. The export price peaked at $9,695 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lesotho ($13,318 per ton), while the average price for exports to Mozambique ($3,948 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 Mozambique (+10.8%), while the prices for the other major destinations experienced a decline.

Wool; Carded Price in South Africa (CIF) - 2022

In 2022, the average wool; carded import price amounted to $17,500 per ton, with an increase of 70% against the previous year. Overall, the import price enjoyed a significant increase. The pace of growth was the most pronounced in 2016 an increase of 333%. As a result, import price reached the peak level of $22,583 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($123,000 per ton), while the price for Taiwan (Chinese) ($1,200 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Wool; Carded Exports in South Africa

In 2022, approx. 5.2 tons of wool; carded were exported from South Africa; surging by 11% compared with the previous year. In general, exports saw a moderate increase. The pace of growth was the most pronounced in 2020 when exports increased by 113%. As a result, the exports reached the peak of 9.9 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, wool; carded exports surged to $31K in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 48%. As a result, the exports reached the peak of $47K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Wool; Carded from South Africa in 2022:

1. Lesotho (undefined tons)
2. Botswana (3.5 tons)
3. Swaziland (1.3 tons)
4. Mozambique (0.3 tons)

Wool; Carded Imports in South Africa

In 2022, purchases abroad of wool; carded decreased by -95.8% to 26 kg, falling for the second year in a row after two years of growth. In general, imports faced a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 977%. As a result, imports attained the peak of 1.3 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wool; carded imports fell dramatically to $455 in 2022. Overall, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 1,371% against the previous year. As a result, imports attained the peak of $14K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Wool; Carded to South Africa in 2022:

1. Taiwan (Chinese) (15.0 kg)
2. China (4.0 kg)
3. India (3.0 kg)
4. New Zealand (2.0 kg)
5. United States (1.0 kg)
6. United Kingdom (1.0 kg)

Source: IndexBox Market Intelligence Platform