Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the United States - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the United States (FOB) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the United States (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the United States
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the United States
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the United States (FOB) - 2022
The average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $5,748 per ton in 2022, rising by 51% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) increased by +4.6% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($5,904 per ton), while the average price for exports to Canada ($3,671 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 Mexico (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the United States (CIF) - 2022
The average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $3,537 per ton in 2022, waning by -21.1% against the previous year. In general, the import price recorded a perceptible descent. The growth pace was the most rapid in 2021 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the maximum at $4,939 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Canada ($4,529 per ton), while the price for the UK ($2,821 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the United States
Exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) from the United States dropped to 210 tons in 2022, declining by -14.3% compared with the previous year's figure. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 894%. As a result, the exports reached the peak of 245 tons, and then fell in the following year.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) soared to $1.2M in 2022. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 911%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | N/A | 855 | 1,153 | 34.9% |
| Canada | 167 | 70.5 | 37.8 | 36.8 | -39.6% |
| India | 33.4 | N/A | 10.8 | N/A | -43.1% |
| Others | 2.8 | 21.6 | 27.9 | 17.1 | 82.8% |
| Total | 203 | 92.2 | 932 | 1,206 | 81.1% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from the United States in 2022:
- Mexico (195.2 tons)
- Canada (10.0 tons)
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the United States
In 2022, supplies from abroad of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) was finally on the rise to reach 154 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a deep setback.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) dropped to $544K in 2022. Overall, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 6.6% against the previous year.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 167 | 186 | 215 | 269 | 17.2% |
| United Kingdom | 589 | 307 | 0.7 | 208 | -29.3% |
| Australia | 158 | N/A | N/A | 56.2 | -29.1% |
| New Zealand | 8.8 | 26.1 | 391 | N/A | 566.6% |
| Chile | N/A | 40.8 | N/A | N/A | 0% |
| Portugal | 32.1 | N/A | N/A | N/A | 0% |
| Others | 5.5 | 20.2 | 10.9 | 11.2 | 26.8% |
| Total | 961 | 580 | 618 | 544 | -17.3% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to the United States in 2022:
- United Kingdom (73.7 tons)
- Canada (59.4 tons)
- Australia (19.4 tons)
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