Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kenya - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kenya (CIF) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kenya (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kenya
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kenya
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kenya (CIF) - 2022
The average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $3,485 per ton in 2022, reducing by -7.6% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 30% against the previous year. As a result, import price reached the peak level of $14,333 per ton. From 2017 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 China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -10.5% per year.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kenya (FOB) - 2022
The average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $4,491 per ton in 2022, increasing by 101% against the previous year. Over the period under review, the export price recorded a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($148,776 per ton), while the average price for exports to India amounted to $1,725 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+12.8%).
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kenya
For the fourth year in a row, Kenya recorded growth in overseas purchases of wool; (not carded or combed), degreased, (not carbonised), (other than shorn), which increased by 50% to 33 kg in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) soared to $115 in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 60.0 | 22.0 | 83.0 | 115 | 24.2% |
| Turkey | N/A | 49.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 60.0 | 71.0 | 83.0 | 115 | 24.2% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to Kenya in 2022:
- China (33.0 kg)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kenya
In 2022, approx. 9.7 tons of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) were exported from Kenya; shrinking by -56.5% compared with the previous year. In general, exports saw a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 39% against the previous year.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) shrank to $44K in 2022. Over the period under review, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 33%.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 11.1 | 9.5 | 11.5 | 27.2 | 34.8% |
| India | 295 | 27.3 | 38.3 | 16.5 | -61.8% |
| Others | 0.3 | 0.8 | N/A | N/A | 166.7% |
| Total | 306 | 37.6 | 49.8 | 43.7 | -47.7% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from Kenya in 2022:
- India (9.5 tons)
- Tanzania (0.2 tons)
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