China - Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWool 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.
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The value of Wool imports experienced a significant decline to $5.3M in June 2023.
In February 2023, the price of greasy wool was $8570 per ton (CIF, China), increasing by 2.6% from the previous month.
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