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China - Wool - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Wool - Market Analysis, Forecast, Size, Trends And Insights

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Sep 2, 2023

China's Wool Imports Plummet in June 2023, Reaching a Mere $5.3M.

China Wool Imports

In June 2023, approximately 2.7K tons of wool were imported into China; which is down by -40.9% on May 2023. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in May 2023 with an increase of 51% month-to-month.

In value terms, wool imports declined dramatically to $5.3M (IndexBox estimates) in June 2023. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in May 2023 when imports increased by 78% month-to-month. China Wool Imports By Country (Thousand USD)

COUNTRYImport Value of Wool in China (thousand USD)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
New Zealand3,7673,7382,1872,9942,1011,5971,4431,6701,6722,0502,1202,5953,440
United Kingdom1,1298935109817982314671384921,5686312,225864
Turkey349502475385192143305563387878361639227
Algeria27614610810216511959.714859.770.426970.5131
Kazakhstan48960283269370661679.227123.822.2N/A118127
Mongolia2,2844,9211,9322,7621,9492,3511,4942,5251,030619728330126
Russia38557518211674.925741.9N/A17246.7107218N/A
Others1,2065367619082141,0611,0757136091,1357182,579402
Total9,88511,9126,9868,9426,2016,3754,9666,0284,4446,3904,9358,7775,317

Imports by Country

In June 2023, New Zealand (1.6K tons) constituted the largest supplier of wool to China, with a 60% share of total imports. Moreover, wool imports from New Zealand exceeded the figures recorded by the second-largest supplier, the UK (342 tons), fivefold. The third position in this ranking was held by Algeria (157 tons), with a 5.8% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of volume from New Zealand was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the UK (-2.3% per month) and Algeria (-6.6% per month).

In value terms, New Zealand ($3.4M) constituted the largest supplier of wool to China, comprising 65% of total imports. The second position in the ranking was taken by the UK ($864K), with a 16% share of total imports. It was followed by Turkey, with a 4.3% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of value from New Zealand was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: the UK (-2.2% per month) and Turkey (-3.5% per month).

Imports by Type

In June 2023, wool; (not carded or combed), degreased, (not carbonised), shorn (2.6K tons) was the main type of wool supplied to China, accounting for a 97% share of total imports. It was followed by wool; (not carded or combed), degreased, (not carbonised), (other than shorn) (51 tons), with a 1.9% share of total imports.

From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of import of wool; (not carded or combed), degreased, (not carbonised), shorn totaled -6.9%. With regard to the other supplied products, the following average monthly rates of growth were recorded: wool; (not carded or combed), degreased, (not carbonised), (other than shorn) (+8.0% per month) and wool; (not carded or combed), carbonised (+3.8% per month).

In value terms, wool; (not carded or combed), degreased, (not carbonised), shorn ($5.1M) constituted the largest type of wool supplied to China, comprising 97% of total imports. The second position in the ranking was held by wool; (not carded or combed), carbonised ($115K), with a 2.2% share of total imports.

Import Prices by Country

In June 2023, the wool price stood at $1,965 per ton (CIF, China), surging by 2.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in March 2023 an increase of 24% month-to-month. Over the period under review, average import prices reached the peak figure in June 2023.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Uruguay ($3,133 per ton), while the price for Algeria ($832 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Tunisia (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wool market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 13102200 - Wool, degreased or carbonised, not carded or combed

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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