Price for Wool, Not Carded or Combed in the Philippines - 2023
Contents:
- Price for Wool, Not Carded or Combed in the Philippines (CIF) - 2022
- Imports of Wool, Not Carded or Combed in the Philippines
Price for Wool, Not Carded or Combed in the Philippines (CIF) - 2022
In 2022, the average import price for wool, not carded or combed amounted to $15,771 per ton, picking up by 41% against the previous year. In general, the import price posted strong growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 58% against the previous year. Over the period under review, average import prices hit record highs at $19,610 per ton in 2018; however, from 2019 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 Italy ($56,528 per ton), while the price for South Korea ($6,219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Wool, Not Carded or Combed in the Philippines
Wool, not carded or combed imports into the Philippines declined significantly to 7 tons in 2022, reducing by -61.9% against 2021. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 7,715%. As a result, imports reached the peak of 18 tons, and then contracted rapidly in the following year.
In value terms, wool, not carded or combed imports dropped remarkably to $111K in 2022. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of 5,262% against the previous year. As a result, imports attained the peak of $207K, and then reduced markedly in the following year.
| Import of Wool, Not Carded or Combed in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 11.2 | 0.8 | 29.3 | 51.0 | 65.7% |
| China | 34.3 | 2.1 | 143 | 43.2 | 8.0% |
| South Korea | 22.7 | 0.7 | 17.5 | 15.1 | -12.7% |
| United States | 5.4 | N/A | 0.5 | 1.4 | -36.2% |
| New Zealand | 3.9 | 0.2 | 7.2 | N/A | 35.9% |
| Japan | 5.5 | N/A | 8.0 | N/A | 20.6% |
| Others | 0.9 | 0.1 | 1.2 | 0.2 | -39.4% |
| Total | 84.0 | 3.9 | 207 | 111 | 9.7% |
Top Suppliers of Wool, Not Carded or Combed to the Philippines in 2022:
- China (3.5 tons)
- South Korea (2.4 tons)
- Italy (0.9 tons)
- United States (0.2 tons)
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