Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Hong Kong SAR - 2022

Contents:

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

Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Hong Kong SAR (CIF) - 2022

The average import price for wool; wool tops and other combed wool, other than in fragmentses stood at $7,303 per ton in 2022, falling by -56.2% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 53%. As a result, import price attained the peak level of $16,656 per ton, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,046 per ton), while the price for South Africa amounted to $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+11.1%), while the prices for the other major suppliers experienced a decline.

Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for wool; wool tops and other combed wool, other than in fragmentses amounted to $23,948 per ton, remaining constant against the previous year. In general, the export price, however, showed a measured expansion. The growth pace was the most rapid in 2014 an increase of 121%. Over the period under review, the average export prices hit record highs at $52,317 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +9.0% per year.

Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Hong Kong SAR

In 2022, purchases abroad of wool; wool tops and other combed wool, other than in fragmentses was finally on the rise to reach 7.5 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a dramatic setback.

In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses reduced remarkably to $55K in 2022. Overall, imports, however, showed a sharp curtailment.

Top Suppliers of Wool; Wool Tops and Other Combed Wool, Other than in Fragments to Hong Kong SAR in 2022:

1. China (7.5 tons)

Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Hong Kong SAR

In 2022, approx. 1.4 tons of wool; wool tops and other combed wool, other than in fragmentses were exported from Hong Kong SAR; waning by -11.4% compared with 2021 figures. In general, exports recorded a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 21%.

In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses fell to $34K in 2022. Over the period under review, exports showed a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 68% against the previous year.

Top Export Markets for Wool; Wool Tops and Other Combed Wool, Other than in Fragments from Hong Kong SAR in 2022:

1. Taiwan (Chinese) (1.4 tons)

Source: IndexBox Market Intelligence Platform