HS Code:
Yarn of combed wool, not put up for retail sale (HS Code: 5107) refers to wool yarn that has been combed to align the fibers and remove shorter strands, resulting in a smoother and finer product. This category excludes yarn prepared for direct consumer sale and is primarily used in the textile industry for further processing into fabrics, garments, and other woolen products. It is a key intermediate product in the wool supply chain, often traded between countries with strong wool production and those with advanced textile manufacturing capabilities.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 350 million
29.2% of total trade of total trade
Increasing
USD 280 million
23.3% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Decreasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
5.8% ad valorem
Highest Rate
15% (imposed by certain developing countries to protect domestic industries)
Lowest Rate
0% (under free trade agreements such as EU-UK Trade and Cooperation Agreement)
Shift towards sustainable wool production
Increased demand for ethically sourced and certified wool yarn, influencing trade patterns towards countries with strong sustainability standards like Australia and New Zealand.
2021-2022
Rising demand in emerging markets
Growing textile industries in countries like Bangladesh and Vietnam are driving imports of combed wool yarn for garment production.
2020-2022
Technological advancements in wool processing
Improved combing and spinning technologies have reduced production costs, making combed wool yarn more competitive in global markets.
2019-2022
The European Union introduced stricter sustainability and traceability requirements for wool products, including combed wool yarn, to ensure ethical sourcing and environmental compliance.
March 2023
This may increase costs for exporters without robust sustainability practices, while benefiting countries with established certification systems.
A revised trade agreement between China and Turkey reduced tariffs on wool yarn imports, boosting bilateral trade in this category.
July 2022
This has led to a significant increase in Turkish imports of Chinese combed wool yarn, altering regional trade dynamics.
Australia, a key wool producer, reported a 10% increase in combed wool yarn exports due to favorable weather conditions and strong demand from Asia.
January 2023
This has strengthened Australia's position in the global market, potentially impacting prices and supply availability.