Price for Hair; Coarse Animal Hair, Carded or Combed in South Korea - 2022

Contents:

1. Price for Hair; Coarse Animal Hair, Carded or Combed in South Korea (CIF) - 2022
2. Price for Hair; Coarse Animal Hair, Carded or Combed in South Korea (FOB) - 2022
3. Imports of Hair; Coarse Animal Hair, Carded or Combed in South Korea
4. Exports of Hair; Coarse Animal Hair, Carded or Combed in South Korea

Price for Hair; Coarse Animal Hair, Carded or Combed in South Korea (CIF) - 2022

The average import price for hair; coarse animal hair, carded or combed stood at $39,240 per ton in 2022, declining by -9.9% against the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 122% against the previous year. The import price peaked at $43,618 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($49,323 per ton), while the price for the UK ($20,402 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Hair; Coarse Animal Hair, Carded or Combed in South Korea (FOB) - 2022

In 2022, the average export price for hair; coarse animal hair, carded or combed amounted to $6,141 per ton, flattening at the previous year. Over the period under review, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 33%. As a result, the export price reached the peak level of $10,154 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +5.0% per year.

Imports of Hair; Coarse Animal Hair, Carded or Combed in South Korea

In 2022, approx. 33 tons of hair; coarse animal hair, carded or combed were imported into South Korea; with a decrease of -37% compared with the year before. In general, imports faced a precipitous decline. The smallest decline of -4.8% was in 2021.

In value terms, imports of hair; coarse animal hair, carded or combed reduced notably to $1.3M in 2022. Over the period under review, imports saw a precipitous shrinkage. The smallest decline of -4.9% was in 2021.

Top Suppliers of Hair; Coarse Animal Hair, Carded or Combed to South Korea in 2022:

1. China (16.6 tons)
2. United Kingdom (0.1 tons)

Exports of Hair; Coarse Animal Hair, Carded or Combed in South Korea

Exports of hair; coarse animal hair, carded or combed from South Korea expanded slightly to 4.4 tons in 2022, with an increase of 3.2% on the year before. The total export volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of hair; coarse animal hair, carded or combed rose modestly to $27K in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 3.5% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Hair; Coarse Animal Hair, Carded or Combed from South Korea in 2022:

1. Vietnam (4.4 tons)

Source: IndexBox Market Intelligence Platform