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

China - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights

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May 19, 2023

China's Woolen Yarn Price Increases Slightly to $35.8 per kg

China Woolen Yarn Export Price in March 2023

In March 2023, the woolen yarn price amounted to $35,770 per ton (FOB, China), remaining stable against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 31% against the previous month. The export price peaked at $42,378 per ton in May 2022; however, from June 2022 to March 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In March 2023, the country with the highest price was Poland ($97,145 per ton), while the average price for exports to Pakistan ($5,346 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Woolen Yarn in China (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Poland25,1579,3116,38620,8495,00069,14349,09595,6385,00061,706100,00099,96597,145
United States57,16467,17977,19176,06062,43076,96996,03191,90486,36785,43181,89173,51088,960
Madagascar78,05189,999135,06665,94685,130104,28356,67440,03764,19268,22565,02760,33275,494
Cambodia53,48549,58945,65951,92830,86344,98127,01320,47527,25375,57258,72845,55546,438
Myanmar47,43740,21756,42772,37337,12122,52026,41913,31626,622124,63454,98754,31640,929
Germany42,44729,54336,49228,03420,41323,48019,40726,48042,06724,93349,52025,63135,767
Italy31,56040,24239,44538,69932,48739,53737,86031,41931,18527,84423,76831,87332,421
Bangladesh28,61131,42732,48223,94125,78223,47124,10626,39420,49324,33430,83424,00426,540
Japan21,17426,68050,91419,52925,06518,39820,82516,13418,90118,23024,48822,99124,221
Vietnam25,58231,06433,29731,33835,76230,09331,29723,73733,00625,80923,35226,06123,692
Thailand21,46420,73424,40321,60219,79317,94220,26115,46315,29426,19120,56623,29920,259
Turkey29,49434,37347,24524,17133,943147,08232,26013,35845,21632,42250,24244,16013,995
Pakistan9,6626,78212,4635,8316,5498,0126,0905,6117,6235,4145,4376,7805,346
Average37,12036,11142,37834,65432,90333,83534,34524,78932,38535,72036,09335,32735,770

China Woolen Yarn Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was yarn of fine animal hair (carded or combed), not put up for retail sale ($103K per ton), while the average price for exports of yarn of coarse animal hair or of horsehair (including gimped horsehair yarn), whether or not put up for retail sale ($4,880 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for the following types: yarn of wool or of fine animal hair, put up for retail sale (+4.5%), while the prices for the other products experienced mixed trend patterns.

China Woolen Yarn Exports

Woolen yarn exports from China surged to 3.1K tons in March 2023, growing by 74% compared with February 2023 figures. Overall, total exports indicated perceptible growth from March 2022 to March 2023: its volume increased at an average monthly rate of +2.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, exports increased by +74.1% against February 2023 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, woolen yarn exports surged to $109M (IndexBox estimates) in March 2023. In general, exports showed a perceptible expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

China Woolen Yarn Exports by Type

Yarn of combed wool, not put up for retail sale (1.4K tons), yarn of carded wool, not put up for retail sale (966 tons) and yarn of fine animal hair (carded or combed), not put up for retail sale (577 tons) were the main products of woolen yarn exports from China, together accounting for 97% of total exports.

From March 2022 to March 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by yarn of carded wool, not put up for retail sale (with a CAGR of +3.8%), while the other products experienced more modest paces of growth.

In value terms, the most traded types of yarn of wool in China were yarn of fine animal hair (carded or combed), not put up for retail sale ($59M), yarn of combed wool, not put up for retail sale ($32M) and yarn of carded wool, not put up for retail sale ($17M), with a combined 99% share of total exports. These products were followed by yarn of wool or of fine animal hair, put up for retail sale and yarn of coarse animal hair or of horsehair (including gimped horsehair yarn), whether or not put up for retail sale, which together accounted for a further 1.1%.

In terms of the main product categories, yarn of wool or of fine animal hair, put up for retail sale, with a CAGR of +3.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced more modest paces of growth.

China Woolen Yarn Exports by Country

Vietnam (484 tons), Cambodia (325 tons) and Bangladesh (247 tons) were the main destinations of woolen yarn exports from China, together comprising 35% of total exports. These countries were followed by Italy, Japan, Thailand, the United States, Poland, Madagascar, Myanmar, Turkey, Pakistan and Germany, which together accounted for a further 37%.

From March 2022 to March 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +24.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woolen yarn exported from China were Cambodia ($15M), Vietnam ($11M) and the United States ($10M), with a combined 34% share of total exports. These countries were followed by Italy, Poland, Bangladesh, Japan, Madagascar, Thailand, Myanmar, Germany, Turkey and Pakistan, which together accounted for a further 37%.

Poland, with a CAGR of +39.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the woolen yarn 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 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
  • Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
  • Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.

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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