Asia-Pacific: Noils Of Wool Market 2025

Noils Of Wool Market Size in Asia-Pacific

In 2021, the Asia-Pacific noils of wool market decreased by -0.1% to $X, falling for the third year in a row after three years of growth. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

Noils Of Wool Production in Asia-Pacific

In value terms, noils of wool production stood at $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 14%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Noils Of Wool Exports

Exports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in overseas shipments of noils of wool or fine animal hair, when their volume increased by 19% to X tons. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 26%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, noils of wool exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 25% 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) prevails in exports structure, together comprising 83% of total exports. Thailand (X tons) held the next position in the ranking, followed by Pakistan (X tons). All these countries together held approx. 10% share of total exports. Taiwan (Chinese) (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +16.9%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X) remains the largest noils of wool supplier in Asia-Pacific, comprising 66% of total exports. The second position in the ranking was held by India ($X), with a 26% share of total exports. It was followed by Thailand, with a 3% share.

In China, noils of wool exports plunged 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-Pacific stood at $X per ton in 2021, picking up by 2.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2019 when the export price increased by 9.4%. The level of export peaked in 2021 and is expected to retain growth in years to come.

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-Pacific

In 2021, after two years of decline, there was significant growth in supplies from abroad of noils of wool or fine animal hair, when their volume increased by 35% to X tons. Over the period under review, imports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by 189%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, noils of wool imports soared to $X in 2021. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 139% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) represented the largest importer of noils of wool or fine animal hair, making up 66% of total imports. Japan (X tons) ranks second in terms of the total imports with a 24% share, followed by South Korea (5.9%). The following importers - India (X tons) and Taiwan (Chinese) (X tons) - each reached a 3.8% share of total imports.

Imports into China decreased at an average annual rate of -13.7% from 2012 to 2021. South Korea (-7.9%), Japan (-9.7%), Taiwan (Chinese) (-14.9%) and India (-20.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan and South Korea increased by +6.7 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 96% of total imports. Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further 2.9%.

Taiwan (Chinese), with a CAGR of -1.5%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in Asia-Pacific stood at $X per ton in 2021, declining by -5.9% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2020 an increase of 28%. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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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