Wool; Carded Price in New Zealand - 2023

Wool; Carded Price in New Zealand (FOB) - 2022

In 2022, the average wool; carded export price amounted to $42,335 per ton, surging by 54% against the previous year. In general, the export price recorded a strong expansion. 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 Australia ($162,222 per ton), while the average price for exports to Switzerland ($24,826 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wool; Carded Price in New Zealand (CIF) - 2022

In 2022, the average wool; carded import price amounted to $12,000 per ton, jumping by 379% against the previous year. Overall, the import price recorded buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +7.1% per year.

Wool; Carded Exports in New Zealand

In 2022, approx. 15 tons of wool; carded were exported from New Zealand; which is down by -8.7% on the year before. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 23%.

In value terms, wool; carded exports skyrocketed to $638K in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Wool; Carded in New Zealand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	23.3	8.0	5.5	239	117.3%
Canada	35.7	7.1	4.5	115	47.7%
Switzerland	10.9	1.9	1.8	76.0	91.0%
Australia	6.1	2.4	1.1	74.6	130.4%
Japan	9.3	1.5	0.6	44.8	68.9%
France	1.2	0.4	0.3	12.1	116.0%
United Kingdom	0.7	0.1	N/A	9.6	139.4%
Thailand	252	182	165	N/A	-19.1%
Egypt	130	163	93.2	N/A	-15.3%
Others	82.2	30.3	181	66.2	-7.0%
Total	551	397	453	638	5.0%

Top Export Markets for Wool; Carded from New Zealand in 2022:

United States (4.9 tons)
Canada (4.0 tons)
Switzerland (3.1 tons)
Japan (0.6 tons)
Australia (0.5 tons)
France (0.3 tons)
United Kingdom (0.3 tons)

Wool; Carded Imports in New Zealand

In 2022, approx. 3 kg of wool; carded were imported into New Zealand; falling by 99.9% against the year before. Over the period under review, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 83%. As a result, imports attained the peak of 51 tons, and then shrank remarkably in the following year.

In value terms, wool; carded imports reduced notably to $36 in 2022. In general, imports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 105% against the previous year. As a result, imports attained the peak of $127K, and then fell notably in the following year.