Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in South Korea - 2022
Contents:
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in South Korea (CIF) - 2022
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in South Korea (FOB) - 2022
- Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in South Korea
- Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in South Korea
Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in South Korea (CIF) - 2022
In December 2022, the average import price for wool; wool tops and other combed wool, other than in fragmentses amounted to $11,550 per ton, picking up by 10% against the previous month. Overall, the import price, however, saw a slight decline. The import price peaked at $15,913 per ton in March 2022; however, from April 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was China ($11,633 per ton), while the price for Taiwan (Chinese) stood at $9,362 per ton.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.5%).
Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in South Korea (FOB) - 2022
In 2022, the average export price for wool; wool tops and other combed wool, other than in fragmentses amounted to $10,176 per ton, shrinking by -8.6% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wool; wool tops and other combed wool, other than in fragmentses decreased by -26.3% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 110%. As a result, the export price reached the peak level of $16,220 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($15,742 per ton), while the average price for exports to India ($5,823 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 Mexico (+4.1%), while the prices for the other major destinations experienced a decline.
Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in South Korea
In 2022, the amount of wool; wool tops and other combed wool, other than in fragmentses imported into South Korea totaled 3.4K tons, leveling off at 2021 figures. Overall, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 6.5% against the previous year.
In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses fell to $46M in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
| Import of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 50.0 | 32.0 | 41.1 | 40.9 | -6.5% |
| Argentina | 3.5 | 1.2 | 0.5 | 1.7 | -21.4% |
| Taiwan (Chinese) | 4.5 | 2.0 | 1.3 | 1.0 | -39.4% |
| Belgium | 0.7 | 0.7 | 0.7 | 0.6 | -5.0% |
| Uruguay | 1.3 | 1.5 | 0.6 | 0.3 | -38.7% |
| India | 5.1 | 2.3 | 0.4 | 0.1 | -73.0% |
| Others | 1.7 | 1.6 | 1.4 | 1.4 | -6.3% |
| Total | 66.8 | 41.3 | 46.0 | 46.0 | -11.7% |
Top Suppliers of Wool; Wool Tops and Other Combed Wool, Other than in Fragments to South Korea in 2022:
- China (2932.2 tons)
- Argentina (101.4 tons)
- Taiwan (Chinese) (100.3 tons)
- Belgium (70.6 tons)
- Uruguay (24.7 tons)
- India (7.1 tons)
Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in South Korea
In 2022, approx. 8 tons of wool; wool tops and other combed wool, other than in fragmentses were exported from South Korea; which is down by -17.6% against 2021 figures. Over the period under review, exports faced a precipitous descent.
In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses fell dramatically to $81K in 2022. Overall, exports continue to indicate a significant decrease.
| Export of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 355 | 206 | 41.8 | 45.4 | -49.6% |
| Mexico | 154 | 119 | 38.1 | 23.0 | -46.9% |
| India | 115 | 74.7 | 20.1 | 9.5 | -56.4% |
| Vietnam | 107 | 17.8 | 4.9 | 2.6 | -71.0% |
| Others | 3.4 | 3.2 | 2.5 | 0.5 | -47.2% |
| Total | 734 | 421 | 107 | 80.9 | -52.1% |
Top Export Markets for Wool; Wool Tops and Other Combed Wool, Other than in Fragments from South Korea in 2022:
- China (4.5 tons)
- India (1.6 tons)
- Mexico (1.5 tons)
- Vietnam (0.3 tons)
290
This report provides an in-depth analysis of the market for wool or animal hair (including wool tops) in Republic of Korea.
576
Global Combed Wool Market Report 2018. This report provides an in-depth analysis of the global combed wool market.
290
This report provides an in-depth analysis of the market for wool or animal hair (including wool tops) in Republic of Korea.
576
Global Combed Wool Market Report 2018. This report provides an in-depth analysis of the global combed wool market.
Nothing found. Please try again.
