The price of woollen yarn was $34,733 per tonne (FOB, Italy) in May 2023, down -5.7% from the previous month. However, the export price displayed a generally flat trend pattern. The average export price climbed by 14% month over month in April 2023, which was the most notable rate of growth. Because of this, the export price increased to a maximum of $36,848 per tonne before declining the following month.
The major international markets’ average pricing varied significantly from one another. Hong Kong had the highest price in May 2023 ($56,757 per tonne), while shipments to the UK had some of the lowest prices ($19,114 per tonne).
Bulgaria (+2.7%) witnessed the highest rate of price growth between May 2022 and May 2023, while the costs for the other major destinations increased at more moderate rates.
Italy Woolen Yarn Exports
Italian exports of woollen yarn surged to 2.2K tonnes in May 2023, up 22% from April 2023 levels. However, exports experienced a rather flat trend pattern over the time under consideration. The growth rate that was most noticeable was 65% higher in September 2022 than in the preceding month.
Woollen yarn exports in value terms reached $76M in May 2023, according to IndexBox projections. Exports as a whole continue to show a largely flat trend pattern. With a month-over-month increase of 43% in September 2022, the rate of growth was at its fastest. The exports reached their highest level throughout the reviewed period in May 2023.
Italy Woolen Yarn Exports by Type
The three primary types of woollen yarn exported from Italy, accounting for 92% of total exports, were yarn of combed wool, not put up for retail sale (929 tonnes), yarn of carded wool, not put up for retail sale (817 tonnes), and yarn of wool or fine animal hair, put up for retail sale (255 tonnes). These goods were followed by yarn made of coarse animal hair or of horsehair (including gimped horsehair yarn), whether or not it was put up for retail sale, and yarn made of fine animal hair (carded or combed), not put up for retail sale, which together accounted for an additional 8.2% of the market.
With a CAGR of +6.0% from May 2022 to May 2023, coarse animal hair or horsehair yarn, including gimped horsehair yarn, saw the highest growth, whilst shipments of the other items showed a variety of trend patterns.
The most valuable types of woollen yarn from Italy that were not offered for retail sale included combed wool yarn ($31 million), carded wool yarn ($19 million), and fine animal hair (carded or combed) yarn ($17 million), which together made up 88% of all exports. A further 12% was made up of yarn made of wool or fine animal hair that was offered for retail sale as well as yarn made of coarse animal hair or horsehair (including gimped horsehair yarn), whether or not it was.
