Price for Wool; Wool Tops and Other Combed Wool, in Fragments in South Korea - 2022

Contents:

1. Price for Wool; Wool Tops and Other Combed Wool, in Fragments in South Korea (CIF) - 2022
2. Price for Wool; Wool Tops and Other Combed Wool, in Fragments in South Korea (FOB) - 2022
3. Imports of Wool; Wool Tops and Other Combed Wool, in Fragments in South Korea
4. Exports of Wool; Wool Tops and Other Combed Wool, in Fragments in South Korea

Price for Wool; Wool Tops and Other Combed Wool, in Fragments in South Korea (CIF) - 2022

The average import price for wool; wool tops and other combed wool, in fragmentses stood at $12,030 per ton in December 2022, falling by -97.5% against the previous month. In general, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in November 2022 when the average import price increased by 3,240% against the previous month. As a result, import price attained the peak level of $481K per ton, and then shrank rapidly in the following month.

As there is only one major supplying country, the average price level is determined by prices for China.

From January 2022 to December 2022, the rate of growth in terms of prices for China amounted to +7.7% per month.

Price for Wool; Wool Tops and Other Combed Wool, in Fragments in South Korea (FOB) - 2022

The average export price for wool; wool tops and other combed wool, in fragmentses stood at $11,633 per ton in 2022, stabilizing at the previous year. Over the period under review, the export price enjoyed a mild increase. The growth pace was the most rapid in 2019 when the average export price increased by 76% against the previous year. As a result, the export price attained the peak level of $12,572 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bangladesh.

From 2013 to 2022, the rate of growth in terms of prices for India amounted to +76.3% per year.

Imports of Wool; Wool Tops and Other Combed Wool, in Fragments in South Korea

In 2022, approx. 98 tons of wool; wool tops and other combed wool, in fragmentses were imported into South Korea; jumping by 107% on 2021 figures. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 169%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of wool; wool tops and other combed wool, in fragmentses soared to $1.2M in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Wool; Wool Tops and Other Combed Wool, in Fragments to South Korea in 2022:

1. China (49.8 tons)
2. India (45.5 tons)

Exports of Wool; Wool Tops and Other Combed Wool, in Fragments in South Korea

In 2022, after two years of decline, there was decline in shipments abroad of wool; wool tops and other combed wool, in fragmentses, when their volume decreased by 0% to 409 kg. In general, exports showed a significant contraction. The smallest decline of 99.9% was in 2020.

In value terms, exports of wool; wool tops and other combed wool, in fragmentses amounted to $4.8K in 2022. Over the period under review, exports faced a dramatic shrinkage. The smallest decline of 99.9% was in 2020.

Top Export Markets for Wool; Wool Tops and Other Combed Wool, in Fragments from South Korea in 2022:

1. Bangladesh (409.0 kg)

Source: IndexBox Market Intelligence Platform