Price for Yarn of Combed Wool, Not Put Up for Retail Sale in South Korea - 2022
Contents:
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in South Korea (CIF) - 2022
- Price for Yarn of Combed Wool, Not Put Up for Retail Sale in South Korea (FOB) - 2022
- Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in South Korea
- Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in South Korea
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in South Korea (CIF) - 2022
In December 2022, the average import price for yarn of combed wool, not put up for retail sale amounted to $16,704 per ton, waning by -13.9% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 an increase of 17% month-to-month. The import price peaked at $22,475 per ton in April 2022; however, from May 2022 to December 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($71,133 per ton), while the price for India ($12,369 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Yarn of Combed Wool, Not Put Up for Retail Sale in South Korea (FOB) - 2022
In 2022, the average export price for yarn of combed wool, not put up for retail sale amounted to $22,177 per ton, falling by -2.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 27%. As a result, the export price reached the peak level of $26,538 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($62,500 per ton), while the average price for exports to Indonesia ($10,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Yarn of Combed Wool, Not Put Up for Retail Sale in South Korea
In 2022, supplies from abroad of yarn of combed wool, not put up for retail sale increased by 9.9% to 1.6K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable decrease.
In value terms, imports of yarn of combed wool, not put up for retail sale soared to $28M in 2022. Over the period under review, imports, however, saw a abrupt downturn.
| Import of Yarn of Combed Wool, Not Put Up for Retail Sale in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 22.1 | 17.5 | 16.0 | 17.4 | -7.7% |
| Italy | 6.4 | 4.1 | 5.7 | 6.8 | 2.0% |
| China | 3.3 | 2.8 | 2.2 | 2.5 | -8.8% |
| Vietnam | 1.0 | 1.2 | 0.2 | 1.0 | 0.0% |
| Others | 0.2 | 0.5 | 0.5 | 0.7 | 51.8% |
| Total | 33.1 | 26.1 | 24.6 | 28.3 | -5.1% |
Top Suppliers of Yarn of Combed Wool, Not Put Up for Retail Sale to South Korea in 2022:
- India (1253.2 tons)
- China (127.5 tons)
- Italy (89.4 tons)
- Vietnam (73.5 tons)
Exports of Yarn of Combed Wool, Not Put Up for Retail Sale in South Korea
Exports of yarn of combed wool, not put up for retail sale from South Korea rose to 304 tons in 2022, with an increase of 3.5% against the previous year's figure. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 137%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of yarn of combed wool, not put up for retail sale stood at $6.7M in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 135% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Yarn of Combed Wool, Not Put Up for Retail Sale in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,606 | 1,504 | 4,860 | 4,913 | 45.2% |
| China | 538 | 372 | 665 | 554 | 1.0% |
| New Zealand | 430 | 377 | 395 | 525 | 6.9% |
| United States | 505 | 448 | 34.6 | 313 | -14.7% |
| Bangladesh | 11.0 | N/A | 222 | 162 | 145.1% |
| Indonesia | 0.4 | 16.5 | 29.4 | 65.0 | 445.7% |
| Others | 193 | 123 | 471 | 208 | 2.5% |
| Total | 3,283 | 2,840 | 6,678 | 6,739 | 27.1% |
Top Export Markets for Yarn of Combed Wool, Not Put Up for Retail Sale from South Korea in 2022:
- Vietnam (251.3 tons)
- China (15.8 tons)
- New Zealand (12.3 tons)
- Bangladesh (8.7 tons)
- Indonesia (6.5 tons)
- United States (5.2 tons)
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