Asia: Noils Of Wool Market 2024

Noils Of Wool Market Size in Asia

In 2021, after five years of growth, there was decline in the Asian noils of wool market, when its value decreased by -0.3% to $X. Over the period under review, consumption recorded a mild increase. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted slightly in the following year.

Noils Of Wool Production in Asia

In value terms, noils of wool production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 11%. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Noils Of Wool Exports

Exports in Asia

After two years of decline, shipments abroad of noils of wool or fine animal hair increased by 17% to X tons in 2021. In general, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 26% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, noils of wool exports surged to $X in 2021. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) and India (X tons) dominates exports structure, together generating 82% of total exports. Thailand (X tons) ranks next in terms of the total exports with a 5.3% share, followed by Pakistan (4.8%). Taiwan (Chinese) (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +16.9%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, China ($X) remains the largest noils of wool supplier in Asia, comprising 65% of total exports. The second position in the ranking was taken by India ($X), with a 25% share of total exports. It was followed by Thailand, with a 2.9% share.

In China, noils of wool exports declined by an average annual rate of -5.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (-2.9% per year) and Thailand (+19.0% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, growing by 2.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2017 when the export price increased by 10%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the other leaders experienced more modest paces of growth.

Noils Of Wool Imports

Imports in Asia

In 2021, overseas purchases of noils of wool or fine animal hair were finally on the rise to reach X tons after two years of decline. Overall, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by 181% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, noils of wool imports skyrocketed to $X in 2021. In general, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 134%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China was the key importing country with an import of about X tons, which reached 57% of total imports. Japan (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (7.9%) and South Korea (5.1%). Turkey (X tons), India (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of -13.7% from 2012 to 2021. At the same time, the United Arab Emirates (+66.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in Asia, with a CAGR of +66.7% from 2012-2021. By contrast, South Korea (-7.9%), Japan (-9.7%), Turkey (-14.7%), Taiwan (Chinese) (-14.9%) and India (-20.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Japan and South Korea increased by +7.9, +4.7 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest noils of wool importing markets in Asia were China ($X), Japan ($X) and South Korea ($X), with a combined 90% share of total imports. These countries were followed by Turkey, Taiwan (Chinese), the United Arab Emirates and India, which together accounted for a further 9.2%.

The United Arab Emirates, with a CAGR of +32.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, which is down by -1.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 an increase of 21%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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