Price for Fine or Coarse Animal Hair, Not Carded or Combed in South Korea - 2022

Contents:

1. Price for Fine or Coarse Animal Hair, Not Carded or Combed in South Korea (CIF) - 2022
2. Price for Fine or Coarse Animal Hair, Not Carded or Combed in South Korea (FOB) - 2022
3. Imports of Fine or Coarse Animal Hair, Not Carded or Combed in South Korea
4. Exports of Fine or Coarse Animal Hair, Not Carded or Combed in South Korea

Price for Fine or Coarse Animal Hair, Not Carded or Combed in South Korea (CIF) - 2022

In 2022, the average import price for fine or coarse animal hair, not carded or combed amounted to $45,758 per ton, declining by -8.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 36%. Over the period under review, average import prices hit record highs at $50,081 per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mongolia ($85,523 per ton), while the price for China ($34,718 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+16.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fine or Coarse Animal Hair, Not Carded or Combed in South Korea (FOB) - 2022

The average export price for fine or coarse animal hair, not carded or combed stood at $67,606 per ton in 2022, picking up by 10% against the previous year. In general, the export price enjoyed notable growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 123%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($140,672 per ton), while the average price for exports to Italy ($52,991 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 Italy (+30.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fine or Coarse Animal Hair, Not Carded or Combed in South Korea

In 2022, the amount of fine or coarse animal hair, not carded or combed imported into South Korea dropped dramatically to 70 tons, falling by -51.3% on 2021. Overall, imports faced a dramatic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 3,044%.

In value terms, imports of fine or coarse animal hair, not carded or combed declined remarkably to $3.2M in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 4,132%. As a result, imports reached the peak of $7.2M, and then reduced markedly in the following year.

Top Suppliers of Fine or Coarse Animal Hair, Not Carded or Combed to South Korea in 2022:

1. China (53.0 tons)
2. Mongolia (12.9 tons)
3. United Kingdom (3.8 tons)

Exports of Fine or Coarse Animal Hair, Not Carded or Combed in South Korea

In 2022, overseas shipments of fine or coarse animal hair, not carded or combed decreased by -25% to 1.1 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 582% against the previous year. As a result, the exports attained the peak of 2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fine or coarse animal hair, not carded or combed reduced sharply to $74K in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 500% against the previous year. As a result, the exports attained the peak of $105K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Fine or Coarse Animal Hair, Not Carded or Combed from South Korea in 2022:

1. Indonesia (915.0 kg)
2. Italy (106.0 kg)
3. Switzerland (67.0 kg)

Source: IndexBox Market Intelligence Platform