Price for Wool; (Not Carded or Combed), Carbonised in Hong Kong SAR - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Carbonised in Hong Kong SAR (FOB) - 2022
- Price for Wool; (Not Carded or Combed), Carbonised in Hong Kong SAR (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Carbonised in Hong Kong SAR
- Imports of Wool; (Not Carded or Combed), Carbonised in Hong Kong SAR
Price for Wool; (Not Carded or Combed), Carbonised in Hong Kong SAR (FOB) - 2022
The average export price for wool; (not carded or combed), carbonised stood at $6,850 per ton in 2022, shrinking by -32.5% against the previous year. Over the period under review, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2015 an increase of 38% against the previous year. Over the period under review, the average export prices reached the maximum at $14,381 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($12,811 per ton), while the average price for exports to the UK ($5,172 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 China (+7.0%), while the prices for the other major destinations experienced a decline.
Price for Wool; (Not Carded or Combed), Carbonised in Hong Kong SAR (CIF) - 2022
The average import price for wool; (not carded or combed), carbonised stood at $45,792 per ton in 2022, surging by 134% against the previous year. Over the period under review, the import price enjoyed resilient growth. The growth pace was the most rapid in 2019 an increase of 246% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($53,733 per ton), while the price for Australia ($2,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+26.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Wool; (Not Carded or Combed), Carbonised in Hong Kong SAR
For the fourth consecutive year, Hong Kong SAR recorded growth in shipments abroad of wool; (not carded or combed), carbonised, which increased by 51% to 1.1 tons in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of wool; (not carded or combed), carbonised rose slightly to $7.8K in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 2.2% 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 Wool; (Not Carded or Combed), Carbonised in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2.7 | 2.9 | 3.2 | 3.4 | 8.0% |
| Australia | 1.4 | 1.6 | 1.9 | 2.2 | 16.3% |
| China | 3.3 | 2.9 | 2.5 | 2.2 | -12.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.3 | 7.4 | 7.6 | 7.8 | 2.2% |
Top Export Markets for Wool; (Not Carded or Combed), Carbonised from Hong Kong SAR in 2022:
- United Kingdom (653.0 kg)
- Australia (311.0 kg)
- China (169.0 kg)
Imports of Wool; (Not Carded or Combed), Carbonised in Hong Kong SAR
In 2022, the amount of wool; (not carded or combed), carbonised imported into Hong Kong SAR shrank dramatically to 125 kg, which is down by -92.9% compared with the previous year's figure. Overall, imports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 12%.
In value terms, imports of wool; (not carded or combed), carbonised dropped dramatically to $5.7K in 2022. In general, imports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 85% against the previous year.
| Import of Wool; (Not Carded or Combed), Carbonised in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 70.8 | 15.4 | 28.8 | 4.9 | -58.9% |
| New Zealand | 14.6 | 3.0 | 5.1 | 0.8 | -62.0% |
| Others | 0.6 | 0.1 | 0.4 | 0.1 | -45.0% |
| Total | 86.0 | 18.5 | 34.3 | 5.7 | -59.5% |
Top Suppliers of Wool; (Not Carded or Combed), Carbonised to Hong Kong SAR in 2022:
- South Africa (105.0 kg)
- New Zealand (15.0 kg)
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