Price for Wool, Not Carded or Combed in Turkey - 2023
Contents:
- Price for Wool, Not Carded or Combed in Turkey (FOB) - 2023
- Price for Wool, Not Carded or Combed in Turkey (CIF) - 2022
- Exports of Wool, Not Carded or Combed in Turkey
- Imports of Wool, Not Carded or Combed in Turkey
Price for Wool, Not Carded or Combed in Turkey (FOB) - 2023
In July 2023, the average export price for wool, not carded or combed amounted to $1,220 per ton, rising by 8.7% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when the average export price increased by 31% against the previous month. Over the period under review, the average export prices reached the maximum at $1,326 per ton in February 2023; however, from March 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($1,683 per ton), while the average price for exports to the UK ($1,028 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wool, Not Carded or Combed in Turkey (CIF) - 2022
The average import price for wool, not carded or combed stood at $990 per ton in 2022, increasing by 3.3% against the previous year. Overall, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 an increase of 17% against the previous year. Over the period under review, average import prices attained the peak figure at $1,583 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Australia ($8,483 per ton), while the price for Serbia ($339 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wool, Not Carded or Combed in Turkey
After three years of growth, shipments abroad of wool, not carded or combed decreased by -21.2% to 14K tons in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. As a result, the exports attained the peak of 18K tons, and then contracted rapidly in the following year.
In value terms, wool, not carded or combed exports dropped dramatically to $17M in 2022. Over the period under review, exports showed a mild decline. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. As a result, the exports reached the peak of $22M, and then declined remarkably in the following year.
| Export of Wool, Not Carded or Combed in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 6.1 | 7.7 | 5.9 | -8.9% |
| India | 2.4 | 4.2 | 6.8 | 4.0 | 18.6% |
| United Kingdom | 2.4 | 1.2 | 2.6 | 2.3 | -1.4% |
| Portugal | 1.6 | 0.9 | 1.6 | 1.2 | -9.1% |
| Poland | 1.0 | 0.5 | 0.9 | 1.2 | 6.3% |
| Germany | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Italy | 0.9 | 0.4 | 0.4 | 0.3 | -30.7% |
| Serbia | 0.3 | 0.3 | 0.5 | 0.3 | 0.0% |
| Others | 0.8 | 0.9 | 1.2 | 1.0 | 7.7% |
| Total | 17.6 | 14.7 | 22.0 | 16.6 | -1.9% |
Top Export Markets for Wool, Not Carded or Combed from Turkey in 2022:
- India (4.7K tons)
- China (3.8K tons)
- United Kingdom (2.6K tons)
- Portugal (0.8K tons)
- Poland (0.8K tons)
- Germany (0.3K tons)
- Serbia (0.2K tons)
- Italy (0.1K tons)
Imports of Wool, Not Carded or Combed in Turkey
In 2022, the amount of wool, not carded or combed imported into Turkey fell rapidly to 7.4K tons, reducing by -35% on the year before. Overall, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, imports attained the peak of 11K tons, and then dropped markedly in the following year.
In value terms, wool, not carded or combed imports contracted rapidly to $7.3M in 2022. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 21%.
| Import of Wool, Not Carded or Combed in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,651 | 1,508 | 2,826 | 2,128 | 8.8% |
| Australia | 4,029 | 3,888 | 3,244 | 2,043 | -20.3% |
| Romania | 3,222 | 2,063 | 3,212 | 1,472 | -23.0% |
| United Kingdom | 263 | 420 | 469 | 331 | 8.0% |
| Syrian Arab Republic | N/A | N/A | N/A | 242 | 0% |
| Serbia | 31.2 | N/A | 41.0 | 233 | 95.5% |
| Greece | 21.5 | 51.1 | 36.3 | 149 | 90.7% |
| Turkmenistan | N/A | 11.8 | 21.2 | 107 | 201.1% |
| Georgia | 52.6 | 59.3 | 54.6 | 78.7 | 14.4% |
| Egypt | N/A | N/A | N/A | 51.2 | 0% |
| Morocco | 562 | 39.6 | 110 | 32.9 | -61.2% |
| Algeria | 276 | 167 | 43.3 | 20.5 | -58.0% |
| Others | 1,783 | 761 | 800 | 401 | -39.2% |
| Total | 11,891 | 8,968 | 10,857 | 7,290 | -15.0% |
Top Suppliers of Wool, Not Carded or Combed to Turkey in 2022:
- Romania (3618.1 tons)
- New Zealand (794.8 tons)
- Serbia (687.9 tons)
- Greece (359.5 tons)
- Syrian Arab Republic (353.2 tons)
- United Kingdom (330.7 tons)
- Australia (240.9 tons)
- Georgia (221.0 tons)
- Turkmenistan (199.9 tons)
- Egypt (115.0 tons)
- Algeria (101.0 tons)
- Morocco (37.2 tons)
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