Wool; Carded Price in the UK - 2023

Contents:

1. Wool; Carded Price in the UK (FOB) - 2022
2. Wool; Carded Price in the UK (CIF) - 2022
3. Wool; Carded Exports in the UK
4. Wool; Carded Imports in the UK

Wool; Carded Price in the UK (FOB) - 2022

The average wool; carded export price stood at $9,886 per ton in 2022, which is down by -23% against the previous year. Over the period under review, the export price, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2013 an increase of 42% against the previous year. The export price peaked at $21,250 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($32,099 per ton), while the average price for exports to Portugal ($3,621 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 Thailand (+44.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wool; Carded Price in the UK (CIF) - 2022

In 2022, the average wool; carded import price amounted to $16,998 per ton, jumping by 186% against the previous year. Overall, the import price posted strong growth. Over the period under review, average import prices reached the peak figure at $18,865 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Mongolia ($101,316 per ton), while the price for India ($4,437 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Wool; Carded Exports in the UK

In 2022, approx. 29 tons of wool; carded were exported from the UK; shrinking by -21.7% against the year before. Overall, exports continue to indicate a sharp curtailment.

In value terms, wool; carded exports contracted significantly to $291K in 2022. In general, exports showed a precipitous decline. The smallest decline of -19.4% was in 2020.

Top Export Markets for Wool; Carded from the UK in 2022:

1. Qatar (undefined tons)
2. France (undefined tons)
3. Germany (12.5 tons)
4. Italy (5.8 tons)
5. Spain (5.0 tons)
6. Portugal (3.2 tons)
7. United States (1.2 tons)
8. United Arab Emirates (0.6 tons)
9. Canada (0.2 tons)

Wool; Carded Imports in the UK

Wool; carded imports into the UK contracted sharply to 25 tons in 2022, declining by -29.5% on the previous year. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 226% against the previous year. As a result, imports attained the peak of 36 tons, and then declined dramatically in the following year.

In value terms, wool; carded imports surged to $433K in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 157%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Wool; Carded to the UK in 2022:

1. India (14.1 tons)
2. Italy (3.9 tons)
3. Lithuania (2.5 tons)
4. Mongolia (2.0 tons)
5. Germany (0.9 tons)
6. Nepal (0.7 tons)
7. Latvia (0.5 tons)

Source: IndexBox Market Intelligence Platform