Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Hong Kong SAR - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Hong Kong SAR (FOB) - 2022
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Hong Kong SAR (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Hong Kong SAR
- Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Hong Kong SAR
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Hong Kong SAR (FOB) - 2022
The average export price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn stood at $951 per ton in 2022, picking up by 8% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 14%. The export price peaked at $4,328 per ton in 2012; however, from 2013 to 2022, 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 2012 to 2022, the rate of growth in terms of prices for China amounted to -26.2% per year.
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $1,629 per ton, waning by -11.1% against the previous year. In general, the import price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 an increase of 45%. Over the period under review, average import prices reached the peak figure at $2,704 per ton in 2012; however, from 2013 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 the United States ($2,869 per ton), while the price for China ($165 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-2.4%), while the prices for the other major suppliers experienced a decline.
Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Hong Kong SAR
In 2022, overseas shipments of wool; (not carded or combed), greasy (including fleece-washed wool), shorn decreased by -7.3% to 110 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, the exports attained the peak of 118 tons, and then dropped in the following year.
In value terms, exports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn totaled $104K in 2022. Overall, exports showed a relatively flat trend pattern.
| Export of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.1 | 29.0 | 25.2 | 21.9 | -12.9% |
| Others | 71.7 | 75.6 | 79.0 | 82.5 | 4.8% |
| Total | 105 | 105 | 104 | 104 | -0.3% |
Top Export Markets for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn from Hong Kong SAR in 2022:
- China (108.6 tons)
Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Hong Kong SAR
In 2022, approx. 35 tons of wool; (not carded or combed), greasy (including fleece-washed wool), shorn were imported into Hong Kong SAR; which is down by -30.2% compared with 2021. Overall, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2021 when imports increased by 187% against the previous year.
In value terms, imports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn declined dramatically to $57K in 2022. Over the period under review, imports recorded a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 314%.
| Import of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 40.0 | 10.3 | 32.5 | 23.8 | -15.9% |
| New Zealand | 33.4 | 1.6 | 18.6 | 13.6 | -25.9% |
| Peru | 25.0 | 5.7 | 16.0 | 10.3 | -25.6% |
| Belgium | 12.9 | 3.1 | 8.7 | 7.0 | -18.4% |
| Italy | 3.3 | 0.7 | 1.8 | 1.1 | -30.7% |
| China | 1.1 | 0.3 | 0.8 | 0.5 | -23.1% |
| Ecuador | 30.5 | N/A | N/A | N/A | 0% |
| Others | 18.7 | 0.5 | 14.0 | 1.0 | -62.3% |
| Total | 165 | 22.3 | 92.3 | 57.3 | -29.7% |
Top Suppliers of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn to Hong Kong SAR in 2022:
- United States (8.3 tons)
- New Zealand (8.2 tons)
- Belgium (6.4 tons)
- Peru (5.1 tons)
- Italy (3.8 tons)
- China (3.2 tons)
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