Wool; Carded Price in Pakistan - 2022

Contents:

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

Wool; Carded Price in Pakistan (FOB) - 2022

The average wool; carded export price stood at $1,333 per ton in 2022, shrinking by -22.1% against the previous year. Overall, the export price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by 74%. As a result, the export price attained the peak level of $3,000 per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($2,115 per ton), while the average price for exports to Belgium ($496 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 China (+19.7%), while the prices for the other major destinations experienced mixed trend patterns.

Wool; Carded Price in Pakistan (CIF) - 2022

The average wool; carded import price stood at $2,621 per ton in 2022, remaining constant against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 16% against the previous year. Over the period under review, average import prices hit record highs at $5,672 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Germany ($4,936 per ton), while the price for China ($776 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-4.4%), while the prices for the other major suppliers experienced a decline.

Wool; Carded Exports in Pakistan

In 2022, approx. 32 tons of wool; carded were exported from Pakistan; with a decrease of -32.4% against 2021. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 140,324%. As a result, the exports attained the peak of 48 tons, and then shrank significantly in the following year.

In value terms, wool; carded exports dropped rapidly to $43K in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 100,681%. As a result, the exports reached the peak of $82K, and then dropped dramatically in the following year.

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

1. Belgium (13.8 tons)
2. United Kingdom (13.2 tons)
3. Afghanistan (5.1 tons)

Wool; Carded Imports in Pakistan

In 2022, wool; carded imports into Pakistan contracted significantly to 11 tons, which is down by -16.2% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 390%. As a result, imports reached the peak of 14 tons, and then shrank markedly in the following year.

In value terms, wool; carded imports reduced sharply to $30K in 2022. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 255%. As a result, imports attained the peak of $36K, and then reduced sharply in the following year.

Top Suppliers of Wool; Carded to Pakistan in 2022:

1. India (4.7 tons)
2. Germany (3.2 tons)
3. Afghanistan (3.2 tons)
4. China (0.3 tons)

Source: IndexBox Market Intelligence Platform