Wool; Carded Price in Australia - 2023

Contents:

1. Wool; Carded Price in Australia (CIF) - 2022
2. Wool; Carded Price in Australia (FOB) - 2022
3. Wool; Carded Imports in Australia
4. Wool; Carded Exports in Australia

Wool; Carded Price in Australia (CIF) - 2022

In 2022, the average wool; carded import price amounted to $34,863 per ton, picking up by 13% against the previous year. Overall, the import price showed a significant increase. The growth pace was the most rapid in 2017 an increase of 394%. The import price peaked at $48,217 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +1.2% per year.

Wool; Carded Price in Australia (FOB) - 2022

The average wool; carded export price stood at $19,094 per ton in 2022, increasing by 401% against the previous year. In general, the export price, however, showed a abrupt decrease. Over the period under review, the average export prices hit record highs at $37,824 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($18,663 per ton), while the average price for exports to China amounted to $18,546 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Wool; Carded Imports in Australia

In 2022, after three years of growth, there was significant decline in overseas purchases of wool; carded, when their volume decreased by -49.6% to 13 tons. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 8,302% against the previous year. As a result, imports reached the peak of 26 tons, and then fell rapidly in the following year.

In value terms, wool; carded imports declined notably to $460K in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 9,187% against the previous year. As a result, imports reached the peak of $806K, and then shrank markedly in the following year.

Top Suppliers of Wool; Carded to Australia in 2022:

1. New Zealand (13.2 tons)

Wool; Carded Exports in Australia

For the fourth year in a row, Australia recorded growth in overseas shipments of wool; carded, which increased by 36% to 6 tons in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 50,700%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, wool; carded exports surged to $115K in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 46,143%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Wool; Carded from Australia in 2022:

1. China (5.9 tons)

Source: IndexBox Market Intelligence Platform