Wool; Carded Price in China - 2023

Wool; Carded Price in China (FOB) - 2023

In June 2023, the average wool; carded export price amounted to $3,025 per ton, growing by 11% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average export price increased by 40% against the previous month. Over the period under review, the average export prices attained the peak figure at $3,880 per ton in April 2023; however, from May 2023 to June 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($19,800 per ton), while the average price for exports to the UK ($2,282 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 Germany (+26.9%), while the prices for the other major destinations experienced mixed trend patterns.

Wool; Carded Price in China (CIF) - 2022

In 2022, the average wool; carded import price amounted to $2,057 per ton, falling by -34.2% against the previous year. Overall, the import price recorded a precipitous setback. The most prominent rate of growth was recorded in 2019 an increase of 79%. Over the period under review, average import prices attained the maximum at $20,075 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Malaysia ($3,568 per ton), while the price for Mongolia amounted to $1,519 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.9%).

Wool; Carded Exports in China

In 2022, overseas shipments of wool; carded decreased by -50.5% to 8.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year.

In value terms, wool; carded exports contracted markedly to $26M in 2022. Over the period under review, exports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports reached the peak of $47M, and then contracted remarkably in the following year.

Export of Wool; Carded in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	16.4	26.6	42.6	21.8	10.0%
Germany	0.7	1.2	1.8	1.1	16.3%
South Korea	2.2	1.4	1.2	1.1	-20.6%
United Kingdom	3.0	1.0	0.5	0.5	-45.0%
United States	0.2	0.1	0.1	0.3	14.5%
Others	0.6	0.8	0.8	1.3	29.4%
Total	23.0	31.1	46.9	26.2	4.4%

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

India (7.1K tons)
United States (0.4K tons)
United Kingdom (0.4K tons)
Germany (0.3K tons)
South Korea (0.3K tons)

Wool; Carded Imports in China

In 2022, the amount of wool; carded imported into China soared to 81 tons, picking up by 69% on 2021. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 10,996% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wool; carded imports stood at $167K in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 12,891%. Imports peaked in 2022 and are expected to retain growth in the immediate term.