We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Thailand - Wool - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

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

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Jun 22, 2023

Thailand's Wool Price Hits New Record of $13.5 per kg

Thailand Wool Import Price in April 2023

In April 2023, the wool price stood at $13,528 per ton (CIF, Thailand), increasing by 35% against the previous month. In general, import price indicated a modest increase from April 2022 to April 2023: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, wool import price increased by +105.2% against January 2023 indices. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 51% against the previous month. Over the period under review, average import prices attained the peak figure in April 2023.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From April 2022 to April 2023, the rate of growth in terms of prices for Australia amounted to +1.2% per month.

COUNTRYImport Price of Wool in Thailand (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Australia11,66210,75911,14011,14112,3809,06710,20910,47211,32911,35710,57012,68213,511
United Kingdom2,1362,1312,1322,1812,1872,2172,1072,3102,2472,4852,2532,322N/A
New ZealandN/AN/AN/A3,6892,611N/A2,5202,6552,5352,4602,3572,490N/A
Average10,8877,8209,1909,93910,1027,0538,2557,4109,9656,5946,66510,03213,528

Thailand Wool Import Prices by Type

Average prices varied noticeably amongst the major supplied products. In April 2023, the product with the highest price was wool; (not carded or combed), carbonised ($15,956 per ton), while the price for wool; (not carded or combed), degreased, (not carbonised), shorn totaled $13,511 per ton.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by wool; (not carded or combed), degreased, (not carbonised), shorn (+1.8%), while the prices for the other product experienced mixed trend patterns.

Thailand Wool Imports

Wool imports into Thailand contracted significantly to 137 tons in April 2023, with a decrease of -62% compared with the month before. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in March 2023 with an increase of 144% against the previous month.

In value terms, wool imports fell markedly to $1.9M (IndexBox estimates) in April 2023. Overall, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in March 2023 with an increase of 268% month-to-month.

Thailand Wool Imports by Type

In April 2023, wool; (not carded or combed), degreased, (not carbonised), shorn (136 tons) was the main type of wool supplied to Thailand, with a 99% share of total imports. It was followed by wool; (not carded or combed), carbonised (973 kg), with a 0.7% share of total imports.

From April 2022 to April 2023, the average monthly growth rate of the volume of import of wool; (not carded or combed), degreased, (not carbonised), shorn stood at -6.2%.

In value terms, wool; (not carded or combed), degreased, (not carbonised), shorn ($1.8M) constituted the largest type of wool supplied to Thailand, comprising 99% of total imports. The second position in the ranking was taken by wool; (not carded or combed), carbonised ($16K), with a 0.8% share of total imports.

Thailand Wool Imports by Country

In April 2023, Australia (136 tons) was the main wool supplier to Thailand, accounting for a approximately 99% share of total imports.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume from Australia stood at -5.5%.

In value terms, Australia ($1.8M) constituted the largest supplier of wool to Thailand.

From April 2022 to April 2023, the average monthly rate of growth in terms of value from Australia stood at -4.4%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wool market in Thailand. 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:

  • Thailand

Data coverage:

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

Recommended posts

Free Data: Wool - Thailand
Table
Wool - Thailand - Table
Dashboard
Wool - Thailand - Dashboard
Report
Wool - Thailand - Report