Price for Wool, Not Carded or Combed in Hong Kong SAR - 2023
Contents:
- Price for Wool, Not Carded or Combed in Hong Kong SAR (FOB) - 2022
- Price for Wool, Not Carded or Combed in Hong Kong SAR (CIF) - 2022
- Exports of Wool, Not Carded or Combed in Hong Kong SAR
- Imports of Wool, Not Carded or Combed in Hong Kong SAR
Price for Wool, Not Carded or Combed in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for wool, not carded or combed amounted to $1,168 per ton, falling by -72.3% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth appeared the most rapid in 2014 an increase of 78%. Over the period under review, the average export prices hit record highs at $9,424 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 -12.9% per year.
Price for Wool, Not Carded or Combed in Hong Kong SAR (CIF) - 2022
The average import price for wool, not carded or combed stood at $1,004 per ton in 2022, falling by -54.9% against the previous year. In general, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 62% against the previous year. The import price peaked at $6,571 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, 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 -10.1% per year.
Exports of Wool, Not Carded or Combed in Hong Kong SAR
In 2022, wool, not carded or combed exports from Hong Kong SAR skyrocketed to 367 tons, with an increase of 1,558% against the previous year. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, wool, not carded or combed exports soared to $429K in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Wool, Not Carded or Combed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.1 | 17.4 | 14.3 | 429 | 177.4% |
| Indonesia | 40.1 | 41.8 | 41.9 | N/A | 2.2% |
| Others | 45.0 | 40.2 | 37.1 | N/A | -9.2% |
| Total | 105 | 99.3 | 93.3 | 429 | 59.9% |
Top Export Markets for Wool, Not Carded or Combed from Hong Kong SAR in 2022:
- China (367.3 tons)
Imports of Wool, Not Carded or Combed in Hong Kong SAR
In 2022, imports of wool, not carded or combed into Hong Kong SAR contracted dramatically to 90 tons, declining by -37.4% compared with 2021. Over the period under review, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 816%.
In value terms, wool, not carded or combed imports contracted sharply to $90K in 2022. In general, imports showed a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 693%. As a result, imports reached the peak of $319K, and then dropped notably in the following year.
| Import of Wool, Not Carded or Combed in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.1 | 0.6 | 1.6 | 90.2 | 160.5% |
| Ecuador | 7.6 | N/A | N/A | N/A | 0% |
| New Zealand | 12.1 | 1.8 | 9.3 | N/A | -12.3% |
| Belgium | 3.1 | 0.5 | 2.9 | N/A | -3.3% |
| Peru | 5.6 | 0.8 | 4.6 | N/A | -9.4% |
| Jordan | N/A | N/A | 5.0 | N/A | 0% |
| United States | 9.9 | 1.9 | 12.9 | N/A | 14.2% |
| South Africa | 142 | 32.0 | 263 | N/A | 36.1% |
| Kyrgyzstan | N/A | N/A | 6.9 | N/A | 0% |
| Others | 54.2 | 2.7 | 13.0 | N/A | -51.0% |
| Total | 239 | 40.3 | 319 | 90.2 | -27.7% |
Top Suppliers of Wool, Not Carded or Combed to Hong Kong SAR in 2022:
- China (89.8 tons)
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