HS Code:
Yarn of carded wool, not put up for retail sale (HS Code: 5106), includes yarn made from carded wool fibers that have not been combed to align the fibers. This category of yarn is typically used as an intermediate product in the textile industry for the production of fabrics, knitting, and weaving. It is distinct from combed wool yarn and is valued for its texture and suitability for specific types of woolen products. This category plays a significant role in the global textile supply chain, particularly for countries with strong wool production and processing industries.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database
$350 million USD
29.2% of total trade of total trade
Increasing
$200 million USD
16.7% of total trade of total trade
Stable
$150 million USD
12.5% of total trade of total trade
Increasing
$100 million USD
8.3% of total trade of total trade
Stable
$80 million USD
6.7% of total trade of total trade
Increasing
Average Rate
5.8% ad valorem
Highest Rate
15% (applied by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU internal trade or specific bilateral agreements)
Rising demand for sustainable and organic wool products
Increased interest in carded wool yarn from certified sustainable sources, boosting trade in countries with strong environmental standards
2021-2022
Shift towards automation in wool processing
Enhanced production efficiency in major exporting countries like China and Italy, leading to competitive pricing
2020-2022
Growing textile manufacturing in developing economies
Increased imports of carded wool yarn by countries like India and Bangladesh for further processing into finished goods
2019-2022
The European Union introduced stricter sustainability and traceability requirements for wool products, affecting exporters of carded wool yarn to comply with new certification standards.
June 2023
Potential short-term cost increases for exporters but long-term benefits for those already adhering to sustainable practices.
A bilateral agreement reduced tariffs on carded wool yarn imports from China to India, fostering greater trade volume between the two nations.
March 2023
Increased market access for Chinese exporters and cost reductions for Indian textile manufacturers.
Due to climatic challenges in major wool-producing regions like Australia, raw wool prices surged, impacting the cost of carded wool yarn globally.
January 2023
Higher input costs for manufacturers and potential shifts in sourcing strategies to alternative suppliers.