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

Contents:

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

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

The average import price for hair; coarse animal hair, carded or combed stood at $18,114 per ton in 2022, dropping by -16.8% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for hair; coarse animal hair, carded or combed increased by +43.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 46%. As a result, import price attained the peak level of $21,771 per ton, and then dropped notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($11,481 per ton), while the price for South Korea ($11,207 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2020, the average export price for hair; coarse animal hair, carded or combed amounted to $21,951 per ton, growing by 189% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The export price peaked at $25,906 per ton in 2017; however, from 2018 to 2020, the export prices remained at a lower figure.

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

From 2017 to 2020, the rate of growth in terms of prices for Norway amounted to 0.0% per year.

Imports of Hair; Coarse Animal Hair, Carded or Combed in Vietnam

After two years of decline, purchases abroad of hair; coarse animal hair, carded or combed increased by 37% to 18 tons in 2022. In general, imports, however, continue to indicate a sharp slump.

In value terms, imports of hair; coarse animal hair, carded or combed expanded rapidly to $320K in 2022. Overall, imports, however, faced a significant curtailment.

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

1. China (10.2 tons)
2. Taiwan (Chinese) (6.5 tons)
3. South Korea (0.9 tons)

Exports of Hair; Coarse Animal Hair, Carded or Combed in Vietnam

In 2020, exports of hair; coarse animal hair, carded or combed from Vietnam fell sharply to 123 kg, with a decrease of -58.9% on 2019. Overall, exports continue to indicate a sharp setback.

In value terms, exports of hair; coarse animal hair, carded or combed surged to $2.7K in 2020. The total export value increased at an average annual rate of +18.8% over the period from 2019 to 2020; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. China (123.0 kg)

Source: IndexBox Market Intelligence Platform