Price for Wool; (Not Carded or Combed), Carbonised in South Africa - 2024
Contents:
- Price for Wool; (Not Carded or Combed), Carbonised in South Africa (CIF) - 2022
- Price for Wool; (Not Carded or Combed), Carbonised in South Africa (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Carbonised in South Africa
- Exports of Wool; (Not Carded or Combed), Carbonised in South Africa
Price for Wool; (Not Carded or Combed), Carbonised in South Africa (CIF) - 2022
The average import price for wool; (not carded or combed), carbonised stood at $8,890 per ton in 2022, dropping by -40.8% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 140%. As a result, import price reached the peak level of $36,467 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +68.3% per year.
Price for Wool; (Not Carded or Combed), Carbonised in South Africa (FOB) - 2022
The average export price for wool; (not carded or combed), carbonised stood at $7,666 per ton in 2022, declining by -30.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 39%. Over the period under review, the average export prices reached the peak figure at $11,979 per ton in 2018; however, from 2019 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 Italy ($11,765 per ton), while the average price for exports to Germany ($4,587 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 Lesotho (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool; (Not Carded or Combed), Carbonised in South Africa
In 2022, approx. 83 tons of wool; (not carded or combed), carbonised were imported into South Africa; jumping by 557% compared with the previous year. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 83,967%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of wool; (not carded or combed), carbonised soared to $737K in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 34,504% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Wool; (Not Carded or Combed), Carbonised in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 733 | 0% |
| Lesotho | 8.2 | N/A | 188 | N/A | 378.8% |
| Others | 10.3 | 0.5 | 1.4 | 3.5 | -30.2% |
| Total | 18.5 | 0.5 | 189 | 737 | 241.5% |
Top Suppliers of Wool; (Not Carded or Combed), Carbonised to South Africa in 2022:
- Australia (82.8 tons)
Exports of Wool; (Not Carded or Combed), Carbonised in South Africa
For the third year in a row, South Africa recorded decline in overseas shipments of wool; (not carded or combed), carbonised, which decreased by -67.6% to 15 tons in 2022. Overall, exports faced a precipitous decline. The smallest decline of -57% was in 2020.
In value terms, exports of wool; (not carded or combed), carbonised dropped dramatically to $116K in 2022. In general, exports recorded a dramatic slump. The smallest decline of -61.9% was in 2020.
| Export of Wool; (Not Carded or Combed), Carbonised in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 1.1 | 1.2 | 1.4 | 78.8 | 315.3% |
| Lesotho | 0.1 | 0.9 | 0.1 | 13.3 | 410.4% |
| Italy | 5,282 | 1,118 | 296 | 12.3 | -86.7% |
| Germany | 3,403 | 1,336 | 20.7 | 8.0 | -86.7% |
| Swaziland | 3.4 | 1.5 | 2.9 | 2.1 | -14.8% |
| China | 177 | 198 | N/A | N/A | 11.9% |
| United States | 219 | 344 | 192 | N/A | -6.4% |
| India | 58.8 | 656 | N/A | N/A | 1015.6% |
| Others | 461 | N/A | N/A | 1.7 | -84.6% |
| Total | 9,606 | 3,657 | 514 | 116 | -77.1% |
Top Export Markets for Wool; (Not Carded or Combed), Carbonised from South Africa in 2022:
- Botswana (10.4 tons)
- Germany (1.8 tons)
- Lesotho (1.7 tons)
- Italy (1.0 tons)
- Swaziland (0.3 tons)
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