Price for Wool, Not Carded or Combed in the UK - 2023
Contents:
- Price for Wool, Not Carded or Combed in the UK (CIF) - 2023
- Price for Wool, Not Carded or Combed in the UK (FOB) - 2023
- Imports of Wool, Not Carded or Combed in the UK
- Exports of Wool, Not Carded or Combed in the UK
Price for Wool, Not Carded or Combed in the UK (CIF) - 2023
The average import price for wool, not carded or combed stood at $1,873 per ton in June 2023, approximately mirroring the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 42% against the previous month. As a result, import price reached the peak level of $2,413 per ton. From November 2022 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Australia ($8,482 per ton), while the price for Belgium ($209 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Libya (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool, Not Carded or Combed in the UK (FOB) - 2023
In June 2023, the average export price for wool, not carded or combed amounted to $2,610 per ton, jumping by 20% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Italy ($3,916 per ton), while the average price for exports to China ($1,841 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool, Not Carded or Combed in the UK
In 2022, wool, not carded or combed imports into the UK dropped markedly to 22K tons, which is down by -38.3% against the previous year's figure. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of 36K tons, and then fell notably in the following year.
In value terms, wool, not carded or combed imports dropped dramatically to $42M in 2022. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 49%.
| Import of Wool, Not Carded or Combed in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 29.8 | 18.3 | 23.2 | 16.5 | -17.9% |
| Australia | 11.6 | 5.5 | 7.9 | 7.0 | -15.5% |
| Turkey | 3.2 | 1.5 | 3.2 | 2.8 | -4.4% |
| Falkland Islands (Malvinas) | 0.5 | 0.6 | 1.1 | 2.6 | 73.2% |
| China | 6.7 | 3.0 | 3.0 | 2.5 | -28.0% |
| Ireland | 7.3 | 3.8 | 10.1 | 2.5 | -30.0% |
| Norway | 3.5 | 2.2 | 2.6 | 2.5 | -10.6% |
| Spain | 0.6 | 0.7 | 1.1 | 0.9 | 14.5% |
| Libya | 0.3 | 0.2 | 0.2 | 0.6 | 26.0% |
| Syrian Arab Republic | N/A | N/A | N/A | 0.3 | 0% |
| Netherlands | 0.1 | N/A | 0.4 | 0.3 | 44.2% |
| Others | 8.4 | 3.0 | 5.1 | 3.6 | -24.6% |
| Total | 71.9 | 38.7 | 57.7 | 42.1 | -16.3% |
Top Suppliers of Wool, Not Carded or Combed to the UK in 2022:
- New Zealand (5.7K tons)
- Ireland (3.6K tons)
- Norway (3.3K tons)
- Turkey (2.6K tons)
- China (1.4K tons)
- Australia (1.0K tons)
- Libya (0.7K tons)
- Falkland Islands (Malvinas) (0.5K tons)
- Syrian Arab Republic (0.4K tons)
- Netherlands (0.4K tons)
- Spain (0.4K tons)
Exports of Wool, Not Carded or Combed in the UK
After two years of decline, shipments abroad of wool, not carded or combed increased by 15% to 24K tons in 2022. In general, exports, however, showed a abrupt contraction.
In value terms, wool, not carded or combed exports expanded significantly to $52M in 2022. Over the period under review, exports, however, showed a abrupt slump.
| Export of Wool, Not Carded or Combed in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.8 | 9.9 | 9.1 | 10.5 | -20.4% |
| Lithuania | 15.1 | 13.3 | 9.1 | 9.0 | -15.8% |
| Czech Republic | 5.9 | 3.0 | 2.9 | 5.0 | -5.4% |
| India | 1.6 | 1.2 | 2.3 | 4.8 | 44.2% |
| Italy | 6.6 | 3.6 | 5.0 | 3.2 | -21.4% |
| Poland | 2.2 | 2.0 | 3.6 | 2.7 | 7.1% |
| Thailand | 0.5 | 0.4 | 0.4 | 1.4 | 40.9% |
| Portugal | 1.2 | 1.3 | 0.9 | 1.0 | -5.9% |
| Belgium | 1.7 | 1.4 | 1.5 | 0.9 | -19.1% |
| Egypt | 0.7 | 0.4 | 0.3 | 0.7 | 0.0% |
| Others | 14.8 | 7.8 | 11.0 | 12.6 | -5.2% |
| Total | 71.1 | 44.2 | 45.9 | 51.8 | -10.0% |
Top Export Markets for Wool, Not Carded or Combed from the UK in 2022:
- China (7.3K tons)
- Lithuania (4.3K tons)
- Czech Republic (2.5K tons)
- India (2.0K tons)
- Poland (1.0K tons)
- Italy (0.8K tons)
- Thailand (0.6K tons)
- Belgium (0.5K tons)
- Portugal (0.4K tons)
- Egypt (0.4K tons)
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