Wool; Carded Price in Thailand - 2023

Contents:

1. Wool; Carded Price in Thailand (CIF) - 2023
2. Wool; Carded Price in Thailand (FOB) - 2022
3. Wool; Carded Imports in Thailand
4. Wool; Carded Exports in Thailand

Wool; Carded Price in Thailand (CIF) - 2023

The average wool; carded import price stood at $2,516 per ton in September 2023, increasing by 3.5% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 9% m-o-m. As a result, import price reached the peak level of $2,796 per ton. From December 2022 to September 2023, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From September 2022 to September 2023, the rate of growth in terms of prices for New Zealand amounted to +0.1% per month.

Wool; Carded Price in Thailand (FOB) - 2022

The average wool; carded export price stood at $7,433 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when the average export price decreased by -53.9%. The export price peaked at $22,031 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -37.9% per year.

Wool; Carded Imports in Thailand

In 2022, purchases abroad of wool; carded decreased by -25.8% to 1.6K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 145%.

In value terms, wool; carded imports dropped notably to $4.1M in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 113%.

Top Suppliers of Wool; Carded to Thailand in 2022:

1. New Zealand (1.6K tons)

Wool; Carded Exports in Thailand

In 2022, overseas shipments of wool; carded decreased by 0% to 30 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, wool; carded exports totaled $223 in 2022. Overall, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Wool; Carded from Thailand in 2022:

1. Switzerland (30.0 kg)

Source: IndexBox Market Intelligence Platform