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

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

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Oct 16, 2023

India's July 2023 Export of Woolen Yarn Surges to $12M

India Woolen Yarn Exports

In July 2023, approximately 850 tons of yarn of wool were exported from India; picking up by 45% compared with the previous month. The total export volume increased at an average monthly rate of +1.3% from July 2022 to July 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months.

In value terms, woolen yarn exports surged to $12M (IndexBox estimates) in July 2023. Overall, total exports indicated noticeable growth from July 2022 to July 2023: its value increased at an average monthly rate of +2.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, exports decreased by -5.2% against May 2023 indices.India Woolen Yarn Exports By Country (Million USD)

COUNTRYExport Value of Woolen Yarn in India (million USD)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
United Kingdom2.61.82.01.52.22.23.22.63.12.13.12.02.5
Italy1.42.12.73.12.52.93.42.52.83.32.91.61.6
South Korea1.91.61.51.00.71.31.40.91.31.31.51.51.6
Japan1.00.71.01.00.91.31.01.81.20.81.40.41.4
United States0.30.20.50.20.50.60.60.30.60.30.30.40.7
Israel0.30.5N/A0.10.40.40.50.30.40.30.70.40.3
Others2.12.02.01.72.12.62.32.32.82.13.01.74.0
Total9.58.99.78.49.311.112.510.712.110.212.87.912.2

Exports by Country

The UK (184 tons), Italy (125 tons) and South Korea (113 tons) were the main destinations of woolen yarn exports from India, with a combined 50% share of total exports. The United States, Japan and Israel lagged somewhat behind, together comprising a further 20%.

From July 2022 to July 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +18.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woolen yarn exported from India were the UK ($2.5M), Italy ($1.6M) and South Korea ($1.6M), together accounting for 47% of total exports. These countries were followed by Japan, the United States and Israel, which together accounted for a further 20%.

The United States, with a CAGR of +9.0%, recorded the highest rates of growth with regard to 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.

Exports by Type

Yarn of combed wool, not put up for retail sale (716 tons) was the largest type of woolen yarn exported from India, with a 84% share of total exports. Moreover, yarn of combed wool, not put up for retail sale exceeded the volume of the second product type, yarn of carded wool, not put up for retail sale (126 tons), sixfold. The third position in this ranking was held by yarn of wool or of fine animal hair, put up for retail sale (5.8 tons), with a 0.7% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of the volume of export of yarn of combed wool, not put up for retail sale totaled +1.0%. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn of carded wool, not put up for retail sale (+3.9% per month) and yarn of wool or of fine animal hair, put up for retail sale (-6.4% per month).

In value terms, yarn of combed wool, not put up for retail sale ($11M) remains the largest type of woolen yarn exported from India, comprising 90% of total exports. The second position in the ranking was held by yarn of carded wool, not put up for retail sale ($977K), with an 8% share of total exports. It was followed by yarn of wool or of fine animal hair, put up for retail sale, with a 1% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of the export volume of yarn of combed wool, not put up for retail sale amounted to +1.9%. With regard to the other exported products, the following average monthly rates of growth were recorded: yarn of carded wool, not put up for retail sale (+4.7% per month) and yarn of wool or of fine animal hair, put up for retail sale (-2.3% per month).

Export Prices by Country

In July 2023, the woolen yarn price stood at $14,306 per ton (FOB, India), growing by 6.6% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 14% against the previous month. Over the period under review, the average export prices hit record highs at $15,042 per ton in May 2023; however, from June 2023 to July 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Chile ($27,680 per ton), while the average price for exports to Portugal ($2,615 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 Australia (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the woolen yarn market in India. 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:

  • India

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in India
  • 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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