Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Korea - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Korea (CIF) - 2022
- Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Korea (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Korea
- Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Korea
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Korea (CIF) - 2022
The average import price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn stood at $4,196 per ton in 2022, shrinking by -49.1% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 65% against the previous year. The import price peaked at $12,041 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +10.5% per year.
Price for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Korea (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), greasy (including fleece-washed wool), shorn amounted to $1,393 per ton, falling by -16% against the previous year. Overall, the export price saw a perceptible descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 56% against the previous year. As a result, the export price reached the peak level of $3,733 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,636 per ton), while the average price for exports to the Philippines ($1,111 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 (-3.4%), while the prices for the other major destinations experienced a decline.
Imports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Korea
In 2022, approx. 51 kg of wool; (not carded or combed), greasy (including fleece-washed wool), shorn were imported into South Korea; waning by -99.7% against the previous year's figure. In general, imports saw a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 54%.
In value terms, imports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn shrank rapidly to $214 in 2022. Overall, imports showed a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 6.5%.
| Import of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 0.2 | 0% |
| Australia | 286 | 82.0 | 68.8 | N/A | -51.0% |
| United States | 27.6 | 47.8 | 68.3 | N/A | 57.3% |
| Others | 7.1 | 2.7 | 4.1 | N/A | -24.0% |
| Total | 321 | 133 | 141 | 0.2 | -91.5% |
Top Suppliers of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn to South Korea in 2022:
- Japan (51.0 kg)
Exports of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Korea
After two years of decline, shipments abroad of wool; (not carded or combed), greasy (including fleece-washed wool), shorn increased by 670% to 5.8 tons in 2022. Over the period under review, exports, however, showed a precipitous decrease.
In value terms, exports of wool; (not carded or combed), greasy (including fleece-washed wool), shorn soared to $8K in 2022. Overall, exports, however, saw a sharp descent.
| Export of Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.7 | 14.2 | 1.1 | 5.0 | 2.1% |
| Philippines | N/A | N/A | N/A | 2.3 | 0% |
| Indonesia | 0.5 | 0.7 | 0.1 | 0.7 | 11.9% |
| Egypt | 22.4 | N/A | N/A | N/A | 0% |
| Samoa | 0.8 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 28.4 | 14.8 | 1.2 | 8.0 | -34.4% |
Top Export Markets for Wool; (Not Carded or Combed), Greasy (Including Fleece-Washed Wool), Shorn from South Korea in 2022:
- China (3.1 tons)
- Philippines (2.1 tons)
- Indonesia (0.6 tons)
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