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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Wool Prices in China

China Wool Import Price in September 2022

In September 2022, the wool price amounted to $1,509 per ton (CIF, China), flattening at the previous month. In general, the import price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 13% against the previous month. Over the period under review, average import prices hit record highs at $1,992 per ton in May 2022; however, from June 2022 to September 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($2,232 per ton), while the price for Kyrgyzstan ($200 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

China Wool Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was wool; (not carded or combed), carbonised ($4,816 per ton), while the price for wool; (not carded or combed), degreased, (not carbonised), shorn totaled $1,457 per ton.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by wool; (not carded or combed), degreased, (not carbonised), (other than shorn) (0.0%), while the prices for the other product experienced a decline.

China Wool Imports

In September 2022, approximately 5.9K tons of wool were imported into China; increasing by 27% compared with the month before. Overall, imports showed a prominent increase. The pace of growth appeared the most rapid in May 2022 when imports increased by 98% m-o-m. Imports peaked at 9K tons in July 2022; however, from August 2022 to September 2022, imports failed to regain momentum.

In value terms, wool imports soared to $8.9M (IndexBox estimates) in September 2022. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in May 2022 with an increase of 103% m-o-m. Imports peaked at 12K tons in July 2022; however, from August 2022 to September 2022, imports stood at a somewhat lower figure.

China Wool Imports by Type

In September 2022, wool; (not carded or combed), degreased, (not carbonised), shorn (5.8K tons) was the main type of wool supplied to China, accounting for a 98% share of total imports. It was followed by wool; (not carded or combed), carbonised (91 tons), with a 1.5% share of total imports.

From January 2022 to September 2022, the average monthly growth rate of the volume of import of wool; (not carded or combed), degreased, (not carbonised), shorn stood at +11.7%.

In value terms, wool; (not carded or combed), degreased, (not carbonised), shorn ($8.5M) constituted the largest type of wool supplied to China, comprising 95% of total imports. The second position in the ranking was taken by wool; (not carded or combed), carbonised ($439K), with a 4.9% share of total imports.

China Wool Imports by Country

In September 2022, Mongolia (2.7K tons) constituted the largest wool supplier to China, with a 45% share of total imports. Moreover, wool imports from Mongolia exceeded the figures recorded by the second-largest supplier, New Zealand (1.3K tons), twofold. Kazakhstan (533 tons) ranked third in terms of total imports with a 9% share.

From January 2022 to September 2022, the average monthly growth rate of volume from Mongolia amounted to +69.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: New Zealand (+12.3% per month) and Kazakhstan (+1.2% per month).

In value terms, New Zealand ($3M), Mongolia ($2.8M) and the UK ($981K) appeared to be the largest wool suppliers to China, together comprising 75% of total imports.

Among the main suppliers, Mongolia, with a CAGR of +68.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders 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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