Report Update: Nov 1, 2024

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

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Woolen Yarn Prices in China

China Woolen Yarn Export Price in September 2022

In September 2022, the woolen yarn price amounted to $34.4 per kg (FOB, China), remaining constant against the previous month. In general, the export price, however, continues to indicate a noticeable decrease. The growth pace was the most rapid in May 2022 when the average export price increased by 17% m-o-m. As a result, the export price attained the peak level of $42,415 per ton. From June 2022 to September 2022, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was Turkmenistan ($100 per kg), while the average price for exports to Indonesia ($5,976 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+80.6%), while the prices for the other major destinations experienced more modest paces of growth.

China Woolen Yarn Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In September 2022, the product with the highest price was yarn of fine animal hair (carded or combed), not put up for retail sale ($103 per kg), while the average price for exports of yarn of wool or of fine animal hair, put up for retail sale ($13.7 per kg) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: yarn of coarse animal hair or of horsehair (including gimped horsehair yarn), whether or not put up for retail sale (+1.7%), while the prices for the other products experienced mixed trend patterns.

China Woolen Yarn Exports

In September 2022, exports of yarn of wool from China reduced to 1.4K tons, waning by -9.2% compared with the previous month. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in March 2022 when exports increased by 24% against the previous month. Over the period under review, the exports reached the maximum at 2.9K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.

In value terms, woolen yarn exports fell to $50M (IndexBox estimates) in September 2022. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in March 2022 when exports increased by 23% month-to-month. The exports peaked at 115K tons in January 2022; however, from February 2022 to September 2022, the exports remained at a lower figure.

China Woolen Yarn Exports by Type

Yarn of combed wool, not put up for retail sale (744 tons) was the largest type of woolen yarn exported from China, accounting for a 52% 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 (339 tons), twofold. Yarn of fine animal hair (carded or combed), not put up for retail sale (252 tons) ranked third in terms of total exports with a 17% share.

From January 2022 to September 2022, the average monthly growth rate of the volume of export of yarn of combed wool, not put up for retail sale amounted to -7.6%. 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 (-8.3% per month) and yarn of fine animal hair (carded or combed), not put up for retail sale (-10.6% per month).

In value terms, yarn of fine animal hair (carded or combed), not put up for retail sale ($26M), yarn of combed wool, not put up for retail sale ($16M) and yarn of carded wool, not put up for retail sale ($6M) constituted the most exported types of yarn of wool from China worldwide, with a combined 97% share of total exports. Yarn of wool or of fine animal hair, put up for retail sale lagged somewhat behind, accounting for a further 3%.

Among the main product categories, yarn of wool or of fine animal hair, put up for retail sale, with a CAGR of -5.6%, 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 a decline.

China Woolen Yarn Exports by Country

Vietnam (271 tons), Japan (162 tons) and Italy (162 tons) were the main destinations of woolen yarn exports from China, with a combined 41% share of total exports. These countries were followed by Cambodia, the United States, Bangladesh, Thailand, Indonesia, South Korea, Germany, Australia, Pakistan and Turkmenistan, which together accounted for a further 38%.

From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkmenistan (with a CAGR of +231.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for woolen yarn exported from China were Vietnam ($8.5M), the United States ($6.9M) and Italy ($6.1M), together accounting for 43% of total exports. Japan, Turkmenistan, Cambodia, Bangladesh, Thailand, South Korea, Germany, Australia, Indonesia and Pakistan lagged somewhat behind, together accounting for a further 30%.

Turkmenistan, with a CAGR of +499.4%, recorded the highest growth rate of the value of exports, in terms of 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:

China

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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