Russian Federation - Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWool Price in Russia - 2022
Contents:
- Wool Price in Russia (FOB) - 2022
- Wool Price in Russia (CIF) - 2022
- Wool Exports in Russia
- Wool Imports in Russia
Wool Price in Russia (FOB) - 2022
In January 2022, the average wool export price amounted to $724 per ton, waning by -5.4% against the previous month. Over the period under review, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in March 2021 when the average export price increased by 97% against the previous month. The export price peaked at $2,162 per ton in January 2021; however, from February 2021 to January 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Belarus ($3,661 per ton), while the average price for exports to China totaled $484 per ton.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (-0.0%).
Wool Price in Russia (CIF) - 2022
The average wool import price stood at $640 per ton in January 2022, waning by -26.7% against the previous month. In general, import price indicated notable growth from January 2021 to January 2022: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, wool import price decreased by -32.2% against October 2021 indices. The most prominent rate of growth was recorded in February 2021 when the average import price increased by 79% against the previous month. The import price peaked at $944 per ton in October 2021; however, from November 2021 to January 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2022, the country with the highest price was Turkmenistan ($698 per ton), while the price for Uzbekistan stood at $589 per ton.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Wool Exports in Russia
In 2022, the amount of wool exported from Russia amounted to 3.8K tons, surging by 2.8% against the previous year's figure. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 128% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, wool exports dropped to $5.1M in 2022. Over the period under review, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 30%.
Export of Wool in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.9 | 1.0 | 3.5 | 3.2 | 3.3% |
Belarus | 3.8 | 3.4 | 2.3 | 2.0 | -19.3% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 6.8 | 4.5 | 5.8 | 5.1 | -9.1% |
Top Export Markets for Wool from Russia in 2022:
- China (3.5K tons)
- Belarus (0.3K tons)
Wool Imports in Russia
In 2022, the amount of wool imported into Russia contracted modestly to 4.4K tons, with a decrease of -4.8% compared with the year before. In general, imports showed a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year.
In value terms, wool imports shrank to $3.4M in 2022. Overall, imports faced a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 0.3%.
Import of Wool in Russia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkmenistan | 2,889 | 1,538 | 1,666 | 1,616 | -17.6% |
Uzbekistan | 1,307 | 831 | 643 | 1,498 | 4.7% |
Kazakhstan | 145 | 132 | 260 | 32.9 | -39.0% |
Greece | 229 | 489 | 356 | N/A | 24.7% |
Others | 514 | 445 | 521 | 293 | -17.1% |
Total | 5,084 | 3,435 | 3,446 | 3,441 | -12.2% |
Top Suppliers of Wool to Russia in 2022:
- Kazakhstan (undefinedK tons)
- Uzbekistan (2.3K tons)
- Turkmenistan (2.1K tons)
This report provides an in-depth analysis of the wool market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13102200 - Wool, degreased or carbonised, not carded or combed
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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