Puerto Rico: Noils Of Wool Market 2024

Noils Of Wool Market Size in Puerto Rico

The Puerto Rican noils of wool market amounted to less than $X in 2021, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern.

Noils Of Wool Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of noils of wool or fine animal hair were exported from Puerto Rico; standing approx. at the year before. In general, exports continue to indicate a relatively flat trend pattern.

In value terms, noils of wool exports amounted to less than $X in 2021. Overall, exports showed a relatively flat trend pattern.

Exports by Country

In 2021, the Czech Republic (X tons), followed by China (X tons), Argentina (X tons), Italy (X tons), India (X tons), Uruguay (X tons), the UK (X tons) and Belgium (X tons) were the largest exporters of noils of wool or fine animal hair, together mixing up 76% of total exports. Bulgaria (X tons), Peru (X tons), South Africa (X tons), the United States (X tons) and Germany (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 leading exporting countries, was attained by Bulgaria (with a CAGR of +14.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest noils of wool supplying countries from Puerto Rico were China ($X), the Czech Republic ($X) and Italy ($X), with a combined 47% share of total exports. Argentina, India, Belgium, the UK, Uruguay, Bulgaria, Germany, Peru, the United States and South Africa lagged somewhat behind, together comprising a further 46%.

Among the main exporting countries, Bulgaria, with a CAGR of +29.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, standing approx. at the previous year. Overall, the export price recorded a relatively flat trend pattern.

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 ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+12.8%), while the other leaders experienced more modest paces of growth.

Noils Of Wool Imports

Imports into Puerto Rico

In 2021, approx. less than X kg of noils of wool or fine animal hair were imported into Puerto Rico; approximately mirroring 2020 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, noils of wool imports stood at less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

Italy represented the major importing country with an import of around X tons, which accounted for 44% of total imports. China (X tons) ranks second in terms of the total imports with an 8.4% share, followed by the UK (6.4%) and Belgium (5.1%). The following importers - Lithuania (X tons), Bolivia (X tons), Slovakia (X tons), Egypt (X tons), Japan (X tons), Burkina Faso (X tons), Germany (X tons) and the Czech Republic (X tons) - together made up 26% of total imports.

From 2012 to 2021, average annual rates of growth with regard to noils of wool imports into Italy stood at -1.8%. At the same time, the UK (+38.4%), Egypt (+17.8%), the Czech Republic (+10.8%), Belgium (+4.2%) and Bolivia (+2.0%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in the world, with a CAGR of +38.4% from 2012-2021. Burkina Faso and Slovakia experienced a relatively flat trend pattern. By contrast, Lithuania (-6.1%), Germany (-9.2%), Japan (-9.7%) and China (-13.7%) illustrated a downward trend over the same period. Italy (+8.3 p.p.), the UK (+6.2 p.p.), Burkina Faso (+3 p.p.), Egypt (+2.9 p.p.), Belgium (+2.7 p.p.), Bolivia (+1.6 p.p.) and the Czech Republic (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Germany, Japan and China saw its share reduced by -1.8%, -2.2% and -13.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) constitutes the largest market for imported noils of wool or fine animal hair into Puerto Rico, comprising 49% of global imports. The second position in the ranking was taken by China ($X), with a 6.5% share of global imports. It was followed by Belgium, with a 5.4% share.

In Italy, noils of wool imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: China (-12.4% per year) and Belgium (+8.2% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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