Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in the UK - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in the UK (FOB) - 2023
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in the UK (CIF) - 2023
- Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in the UK
- Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in the UK
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in the UK (FOB) - 2023
The average export price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn stood at $1,177 per ton in November 2023, shrinking by -14.4% against the previous month. In general, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in June 2023 an increase of 65% m-o-m. As a result, the export price attained the peak level of $2,203 per ton. From July 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In November 2023, the country with the highest price was the Czech Republic ($1,229 per ton), while the average price for exports to India ($1,089 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in the UK (CIF) - 2023
In November 2023, the average import price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $1,067 per ton, increasing by 18% against the previous month. Overall, the import price recorded temperate growth. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 60% m-o-m. As a result, import price attained the peak level of $1,920 per ton. From August 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($1,200 per ton), while the price for Germany ($474 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Norway (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in the UK
After two years of decline, shipments abroad of wool; (not carded or combed), greasy (including fleece-washed wool), shorn increased by 32% to 6.7K tons in 2022. Overall, exports, however, continue to indicate a abrupt contraction.
In value terms, exports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn soared to $11M in 2022. Over the period under review, exports, however, continue to indicate a deep slump.
| Export of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 5.9 | 3.0 | 2.9 | 5.0 | -5.4% |
| China | 7.4 | 4.2 | 2.9 | 4.0 | -18.5% |
| Bulgaria | 3.4 | 0.4 | 0.6 | 0.6 | -43.9% |
| Uruguay | 0.8 | 0.1 | 0.2 | 0.3 | -27.9% |
| India | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Germany | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Spain | 0.1 | 0.3 | 0.3 | 0.2 | 26.0% |
| Italy | 1.3 | 0.1 | N/A | 0.1 | -57.5% |
| Others | 1.0 | 0.3 | 0.3 | 0.4 | -26.3% |
| Total | 20.3 | 8.8 | 7.5 | 11.0 | -18.5% |
Top Export Markets for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn from the UK in 2022:
- China (3162.0 tons)
- Czech Republic (2483.9 tons)
- Bulgaria (211.9 tons)
- India (201.1 tons)
- Uruguay (184.4 tons)
- Germany (146.9 tons)
- Spain (137.4 tons)
- Italy (19.2 tons)
Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in the UK
In 2022, the amount of wool; (not carded or combed), greasy (including fleece-washed wool), shorn imported into the UK reduced markedly to 7.7K tons, which is down by -58.7% against 2021. Overall, imports faced a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 136% against the previous year. As a result, imports attained the peak of 19K tons, and then fell notably in the following year.
In value terms, imports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn plummeted to $8.1M in 2022. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 136% against the previous year. As a result, imports reached the peak of $16M, and then dropped notably in the following year.
| Import of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Falkland Islands (Malvinas) | 0.5 | 0.6 | 1.1 | 2.6 | 73.2% |
| Norway | 3.1 | 2.0 | 2.5 | 2.4 | -8.2% |
| Ireland | 7.1 | 3.5 | 10.0 | 1.8 | -36.7% |
| Netherlands | 0.1 | N/A | 0.3 | 0.3 | 44.2% |
| Peru | 0.2 | N/A | 0.1 | 0.2 | 0.0% |
| Romania | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
| Italy | 0.4 | 0.1 | 0.2 | 0.1 | -37.0% |
| Belgium | 0.2 | N/A | 0.6 | 0.1 | -20.6% |
| Others | 1.2 | 0.4 | 0.7 | 0.5 | -25.3% |
| Total | 12.9 | 6.6 | 15.6 | 8.1 | -14.4% |
Top Suppliers of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn to the UK in 2022:
- Norway (3186.8 tons)
- Ireland (2708.2 tons)
- Falkland Islands (Malvinas) (528.2 tons)
- Netherlands (314.0 tons)
- Romania (218.8 tons)
- Belgium (161.3 tons)
- Peru (124.3 tons)
- Italy (103.3 tons)
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