Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Singapore - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Singapore (FOB) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Singapore (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Singapore
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Singapore
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Singapore (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $12,037 per ton, picking up by 317% against the previous year. Overall, the export price saw a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($13,364 per ton), while the average price for exports to India amounted to $11,125 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Singapore (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $4,743 per ton, remaining stable against the previous year. Overall, the import price, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2019 an increase of 33% against the previous year. Over the period under review, average import prices hit record highs at $7,254 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -2.5% per year.
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Singapore
In 2022, the amount of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) exported from Singapore shrank markedly to 27 kg, falling by -95.5% against the year before. In general, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) contracted rapidly to $325 in 2022. Over the period under review, exports faced a sharp decline. The smallest decline of -30.9% was in 2021.
Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Singapore (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 442 | 120 | 39.0 | 178 | -26.2% |
Indonesia | 115 | 42.0 | 18.0 | 147 | 8.5% |
Nigeria | N/A | N/A | 107 | N/A | 0% |
China | 1,120 | 682 | 489 | N/A | -33.9% |
Vietnam | 552 | 313 | 209 | N/A | -38.5% |
United States | 581 | 343 | 238 | N/A | -36.0% |
Brunei Darussalam | 1,063 | 537 | 320 | N/A | -45.1% |
Others | 829 | 455 | 301 | N/A | -39.7% |
Total | 4,702 | 2,492 | 1,721 | 325 | -59.0% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from Singapore in 2022:
- India (16.0 kg)
- Indonesia (11.0 kg)
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Singapore
After three years of growth, overseas purchases of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) decreased by -2.1% to 708 kg in 2022. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 4.5% against the previous year.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) dropped modestly to $3.4K in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 3.9%. As a result, imports reached the peak of $3.4K, and then declined slightly in the following year.
Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 3.2 | 3.3 | 3.4 | 3.4 | 2.0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 3.2 | 3.3 | 3.4 | 3.4 | 2.0% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to Singapore in 2022:
- United Kingdom (708.0 kg)
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