Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in South Korea - 2022
Contents:
- Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in South Korea (CIF) - 2022
- Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in South Korea (FOB) - 2022
- Imports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in South Korea
- Exports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in South Korea
Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in South Korea (CIF) - 2022
In 2022, the average import price for wool, or fine or coarse animal hair; garnetted stock amounted to $14,452 per ton, picking up by 37% against the previous year. Over the period under review, the import price saw a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 95% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($36,910 per ton), while the price for India ($923 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wool, or Fine or Coarse Animal Hair; Garnetted Stock in South Korea (FOB) - 2022
In 2022, the average export price for wool, or fine or coarse animal hair; garnetted stock amounted to $4,603 per ton, shrinking by -9.2% against the previous year. Overall, the export price, however, saw perceptible growth. The growth pace was the most rapid in 2017 an increase of 109% against the previous year. As a result, the export price attained the peak level of $8,715 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
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 Vietnam ($8,377 per ton), while the average price for exports to Japan stood at $4,248 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in South Korea
In 2022, overseas purchases of wool, or fine or coarse animal hair; garnetted stock decreased by -47.8% to 3.6 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 569% against the previous year. As a result, imports reached the peak of 12 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of wool, or fine or coarse animal hair; garnetted stock fell notably to $52K in 2022. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 779% against the previous year. As a result, imports reached the peak of $93K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.7 | 53.9 | 48.0 | 38.6 | 79.3% |
| Japan | 2.4 | 35.3 | 21.6 | 11.2 | 67.1% |
| India | 0.9 | 2.4 | 1.8 | 1.3 | 13.0% |
| Australia | 0.1 | 1.1 | 1.0 | 0.9 | 108.0% |
| Others | 0.5 | 0.2 | N/A | N/A | -60.0% |
| Total | 10.6 | 93.0 | 72.5 | 52.0 | 69.9% |
Top Suppliers of Wool, or Fine or Coarse Animal Hair; Garnetted Stock to South Korea in 2022:
- India (1357.0 kg)
- Japan (1137.0 kg)
- China (1047.0 kg)
- Australia (55.0 kg)
Exports of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in South Korea
In 2022, the amount of wool, or fine or coarse animal hair; garnetted stock exported from South Korea surged to 1.9 tons, increasing by 20% on the previous year. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 22% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of wool, or fine or coarse animal hair; garnetted stock totaled $8.6K in 2022. The total export value increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wool, or Fine or Coarse Animal Hair; Garnetted Stock in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 5.3 | 6.3 | 6.7 | 7.3 | 11.3% |
| Vietnam | 0.6 | 0.9 | 1.1 | 1.3 | 29.4% |
| Indonesia | 0.7 | 0.1 | N/A | N/A | -85.7% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 6.6 | 7.2 | 7.9 | 8.6 | 9.2% |
Top Export Markets for Wool, or Fine or Coarse Animal Hair; Garnetted Stock from South Korea in 2022:
- Japan (1711.0 kg)
- Vietnam (159.0 kg)
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