Wool; Carded Price in Canada - 2023

Contents:

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

Wool; Carded Price in Canada (CIF) - 2022

The average wool; carded import price stood at $8,100 per ton in 2022, declining by -5.1% against the previous year. In general, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 31%. The import price peaked at $13,929 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($8,146 per ton) and New Zealand ($8,120 per ton), while the price for Nepal ($7,557 per ton) and the United States ($8,087 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.3%), while the prices for the other major suppliers experienced a decline.

Wool; Carded Price in Canada (FOB) - 2022

In 2022, the average wool; carded export price amounted to $21,011 per ton, surging by 32% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 84% against the previous year. Over the period under review, the average export prices hit record highs at $24,377 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.9% per year.

Wool; Carded Imports in Canada

In 2022, the amount of wool; carded imported into Canada soared to 45 tons, jumping by 68% compared with the previous year. Over the period under review, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wool; carded imports skyrocketed to $367K in 2022. Overall, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Wool; Carded to Canada in 2022:

1. New Zealand (13.9 tons)
2. China (10.1 tons)
3. South Korea (7.6 tons)
4. United States (7.0 tons)
5. Peru (2.0 tons)
6. Italy (1.4 tons)
7. Nepal (0.9 tons)
8. United Kingdom (0.4 tons)

Wool; Carded Exports in Canada

Wool; carded exports from Canada surged to 652 kg in 2022, jumping by 19% compared with the previous year's figure. In general, exports, however, faced a deep contraction.

In value terms, wool; carded exports soared to $14K in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage.

Top Export Markets for Wool; Carded from Canada in 2022:

1. United States (652.0 kg)

Source: IndexBox Market Intelligence Platform