Price for Wool, Not Carded or Combed in Portugal - 2023
Contents:
- Price for Wool, Not Carded or Combed in Portugal (CIF) - 2023
- Price for Wool, Not Carded or Combed in Portugal (FOB) - 2023
- Imports of Wool, Not Carded or Combed in Portugal
- Exports of Wool, Not Carded or Combed in Portugal
Price for Wool, Not Carded or Combed in Portugal (CIF) - 2023
The average import price for wool, not carded or combed stood at $1,858 per ton in July 2023, increasing by 19% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in September 2022 when the average import price increased by 38% month-to-month. The import price peaked in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Uruguay ($3,405 per ton), while the price for Belgium ($983 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wool, Not Carded or Combed in Portugal (FOB) - 2023
In July 2023, the average export price for wool, not carded or combed amounted to $2,020 per ton, with an increase of 12% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 80% against the previous month. Over the period under review, the average export prices reached the maximum at $2,114 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($2,097 per ton), while the average price for exports to France ($1,042 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool, Not Carded or Combed in Portugal
In 2022, approx. 5.9K tons of wool, not carded or combed were imported into Portugal; shrinking by -4.8% against the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. As a result, imports reached the peak of 6.2K tons, and then fell modestly in the following year.
In value terms, wool, not carded or combed imports reached $9.5M in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Wool, Not Carded or Combed in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.4 | 1.7 | 2.4 | 2.8 | 5.3% |
| New Zealand | 2.5 | 1.7 | 2.5 | 2.7 | 2.6% |
| Turkey | 1.7 | 0.9 | 1.9 | 1.4 | -6.3% |
| United Kingdom | 0.6 | 0.8 | 0.8 | 1.2 | 26.0% |
| China | 0.1 | 0.4 | 0.1 | 0.1 | 0.0% |
| Belgium | 0.1 | 0.1 | 0.5 | 0.1 | 0.0% |
| Others | 1.3 | 0.7 | 0.8 | 1.2 | -2.6% |
| Total | 8.6 | 6.3 | 8.9 | 9.5 | 3.4% |
Top Suppliers of Wool, Not Carded or Combed to Portugal in 2022:
- Spain (3026.1 tons)
- New Zealand (1147.7 tons)
- Turkey (874.8 tons)
- United Kingdom (520.5 tons)
- Belgium (98.6 tons)
- China (75.0 tons)
Exports of Wool, Not Carded or Combed in Portugal
Wool, not carded or combed exports from Portugal rose modestly to 2.7K tons in 2022, increasing by 1.7% on the previous year. In general, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 9.5%.
In value terms, wool, not carded or combed exports dropped to $3.5M in 2022. Over the period under review, exports, however, saw a deep slump. The smallest decline of -1.6% was in 2021.
| Export of Wool, Not Carded or Combed in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.6 | 2.3 | 3.5 | 2.9 | 3.7% |
| Belgium | 1.1 | 0.5 | 0.3 | 0.5 | -23.1% |
| Germany | N/A | N/A | N/A | 0.1 | 0% |
| China | 1.7 | 0.9 | N/A | N/A | -47.1% |
| United Kingdom | 0.5 | 0.2 | N/A | N/A | -60.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 6.1 | 3.9 | 3.9 | 3.5 | -16.9% |
Top Export Markets for Wool, Not Carded or Combed from Portugal in 2022:
- Spain (2039.2 tons)
- Belgium (626.8 tons)
- Germany (45.7 tons)
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