Wool; Carded Price in the United Arab Emirates - 2021

Wool; Carded Price in the United Arab Emirates (CIF) - 2022

In 2022, the average wool; carded import price amounted to $35,936 per ton, picking up by 73% against the previous year. Overall, the import price posted resilient growth. 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 2022, amid the top importers, the country with the highest price was the UK ($318,091 per ton), while the price for New Zealand ($8,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Wool; Carded Price in the United Arab Emirates (FOB) - 2022

The average wool; carded export price stood at $36,111 per ton in 2022, rising by 90% against the previous year. Overall, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2018 an increase of 156% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($170,833 per ton), while the average price for exports to Zambia ($6,591 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 Nigeria (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wool; Carded Imports in the United Arab Emirates

In 2022, the amount of wool; carded imported into the United Arab Emirates surged to 202 kg, jumping by 23% on 2021. Overall, imports, however, saw a pronounced reduction. The growth pace was the most rapid in 2020 when imports increased by 125%. As a result, imports attained the peak of 526 kg. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, wool; carded imports skyrocketed to $7.3K in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 256%. As a result, imports reached the peak of $11K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Wool; Carded in the United Arab Emirates (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	0.3	3.6	0.1	3.5	126.8%
Saudi Arabia	2.0	4.6	1.8	2.2	3.2%
India	0.1	1.6	0.6	0.7	91.3%
Netherlands	0.2	0.4	0.1	0.2	0.0%
Others	0.5	0.8	0.8	0.7	11.9%
Total	3.1	11.1	3.4	7.3	33.0%

Top Suppliers of Wool; Carded to the United Arab Emirates in 2022:

Saudi Arabia (165.0 kg)
Netherlands (12.0 kg)
United Kingdom (11.0 kg)
India (6.0 kg)

Wool; Carded Exports in the United Arab Emirates

For the third year in a row, the United Arab Emirates recorded decline in shipments abroad of wool; carded, which decreased by -38.4% to 90 kg in 2022. In general, exports showed a significant decrease. The smallest decline of -33.1% was in 2020.

In value terms, wool; carded exports soared to $3.2K in 2022. Over the period under review, exports recorded a deep setback.

Export of Wool; Carded in the United Arab Emirates (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Tanzania	N/A	N/A	N/A	2,050	0%
Nigeria	192	2,500	1,739	567	43.5%
Zambia	47.0	784	697	290	83.4%
Uganda	4.0	142	124	51.0	133.6%
Iran	4,052	N/A	N/A	N/A	0%
Others	16.0	298	216	292	163.3%
Total	4,311	3,724	2,776	3,250	-9.0%