Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Vietnam - 2022
Contents:
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Vietnam (CIF) - 2022
- Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Vietnam (FOB) - 2022
- Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Vietnam
- Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Vietnam
Price for Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Vietnam (CIF) - 2022
In 2022, the average import price for wool; wool tops and other combed wool, other than in fragmentses amounted to $12,180 per ton, rising by 8.4% against the previous year. In general, the import price, however, continues to indicate a mild curtailment. The pace of growth appeared the most rapid in 2018 an increase of 14% against the previous year. The import price peaked at $14,323 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($12,755 per ton), while the price for China ($12,205 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), 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 Vietnam (FOB) - 2022
In 2022, the average export price for wool; wool tops and other combed wool, other than in fragmentses amounted to $11,024 per ton, increasing by 80% against the previous year. Overall, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of 395% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +18.7% per year.
Imports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Vietnam
For the fourth year in a row, Vietnam recorded growth in overseas purchases of wool; wool tops and other combed wool, other than in fragmentses, which increased by 43% to 3.7K tons in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 120%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of wool; wool tops and other combed wool, other than in fragmentses skyrocketed to $45M in 2022. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 99%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.4 | 20.6 | 27.6 | 44.0 | 67.3% |
| Others | 1.9 | 1.8 | 1.2 | 0.7 | -28.3% |
| Total | 11.3 | 22.5 | 28.8 | 44.7 | 58.2% |
Top Suppliers of Wool; Wool Tops and Other Combed Wool, Other than in Fragments to Vietnam in 2022:
- China (3.6K tons)
Exports of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Vietnam
In 2022, exports of wool; wool tops and other combed wool, other than in fragmentses from Vietnam shrank notably to 7.4 tons, waning by -59.8% compared with 2021 figures. In general, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 215%.
In value terms, exports of wool; wool tops and other combed wool, other than in fragmentses reduced markedly to $82K in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,460% against the previous year. As a result, the exports attained the peak of $113K, and then dropped significantly in the following year.
| Export of Wool; Wool Tops and Other Combed Wool, Other than in Fragments in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 26.3 | 7.2 | 113 | 81.2 | 45.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Total | 26.4 | 7.3 | 113 | 81.8 | 45.8% |
Top Export Markets for Wool; Wool Tops and Other Combed Wool, Other than in Fragments from Vietnam in 2022:
- South Korea (7.4 tons)
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Global Combed Wool Market Report 2018. This report provides an in-depth analysis of the global combed wool market.
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This report provides an in-depth analysis of the market for wool or animal hair (including wool tops) in Vietnam.
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Global Combed Wool Market Report 2018. This report provides an in-depth analysis of the global combed wool market.
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