Report Update Nov 1, 2024

Ukraine - Wool - Market Analysis, Forecast, Size, Trends and Insights

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Ukraine: Wool Market 2024

Wool Market Size in Ukraine

The Ukrainian wool market contracted remarkably to $X in 2022, falling by -20.2% against the previous year. Over the period under review, consumption recorded a noticeable shrinkage. Wool consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Wool Production in Ukraine

In value terms, wool production dropped slightly to $X in 2022 estimated in export price. In general, production saw a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. Wool production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Wool Exports

Exports from Ukraine

In 2022, the amount of wool exported from Ukraine skyrocketed to X tons, picking up by 104% on the previous year. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 574%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, wool exports soared to $X in 2022. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 333% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for wool exports from Ukraine, with a 81% share of total exports. Moreover, wool exports to Belgium exceeded the volume sent to the second major destination, Poland (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Belgium stood at +70.9%.

In value terms, Belgium ($X) remains the key foreign market for wool exports from Ukraine, comprising 86% of total exports. The second position in the ranking was held by Poland ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled +62.6%.

Export Prices by Country

In 2022, the average wool export price amounted to $X per ton, which is down by -15.4% against the previous year. In general, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 31%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Poland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+44.6%), while the prices for the other major destinations experienced mixed trend patterns.

Wool Imports

Imports into Ukraine

In 2022, approx. X tons of wool were imported into Ukraine; with a decrease of -55.3% compared with 2021 figures. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 109% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, wool imports rose modestly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 97% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest wool supplier to Ukraine, with a 57% share of total imports. Moreover, wool imports from New Zealand exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand stood at +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+4.0% per year) and Belgium (+17.4% per year).

In value terms, New Zealand ($X) constituted the largest supplier of wool to Ukraine, comprising 80% of total imports. The second position in the ranking was taken by Turkey ($X), with a 10% share of total imports. It was followed by Belgium, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand stood at +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+4.7% per year) and Belgium (+5.2% per year).

Import Prices by Country

In 2022, the average wool import price amounted to $X per ton, rising by 132% against the previous year. Overall, the import price saw a slight increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool in the world?

The countries with the highest volumes of wool consumption in 2020 were China, the United States and India, with a combined 35% share of global consumption. These countries were followed by Russia, Brazil, the UK, Pakistan, Germany, Kazakhstan, Italy, Iran, Australia and Egypt, which together accounted for a further 28%.

What are the largest producers of wool in the world?

The countries with the highest volumes of wool production in 2020 were China, the United States and New Zealand, together comprising 34% of global production. Russia, Brazil, the UK, Pakistan, Australia, Germany, Kazakhstan, Syrian Arab Republic, Turkey and Iran lagged somewhat behind, together comprising a further 30%.

What are the leading suppliers of wool to Ukraine?

In value terms, Belgium, New Zealand and Tunisia appeared to be the largest wool suppliers to Ukraine, together comprising 80% of total imports. These countries were followed by Turkmenistan and Turkey, which together accounted for a further 20%.

What are the leading importers of wool from Ukraine?

In value terms, Belgium emerged as the key foreign market for wool exports from Ukraine, comprising 72% of total exports. The second position in the ranking was occupied by Poland, with a 28% share of total exports.

What is the average export price for wool in Ukraine?

In 2020, the average wool export price amounted to $2,212 per ton, with a decrease of -28.2% against the previous year.

What is the average import price for wool in Ukraine?

In 2020, the average wool import price amounted to $973 per ton, declining by -8.5% against the previous year.

This report provides an in-depth analysis of the wool market in Ukraine. 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:

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
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