Wool; Carded Price in Hong Kong SAR - 2022

Contents:

1. Wool; Carded Price in Hong Kong SAR (CIF) - 2022
2. Wool; Carded Price in Hong Kong SAR (FOB) - 2022
3. Wool; Carded Imports in Hong Kong SAR
4. Wool; Carded Exports in Hong Kong SAR

Wool; Carded Price in Hong Kong SAR (CIF) - 2022

In 2022, the average wool; carded import price amounted to $35,386 per ton, waning by -17.5% against the previous year. Overall, the import price, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 178%. Over the period under review, average import prices hit record highs at $75,072 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($48,671 per ton), while the price for the United States ($8,049 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Wool; Carded Price in Hong Kong SAR (FOB) - 2022

In 2022, the average wool; carded export price amounted to $3,449 per ton, dropping by -59.2% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 373% against the previous year. As a result, the export price attained the peak level of $41,521 per ton. From 2019 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 Canada ($7,643 per ton), while the average price for exports to Ghana ($2,422 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 Vietnam (+169.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wool; Carded Imports in Hong Kong SAR

In 2022, overseas purchases of wool; carded were finally on the rise to reach 23 tons after two years of decline. Overall, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wool; carded imports soared to $824K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Wool; Carded to Hong Kong SAR in 2022:

1. Japan (15.1 tons)
2. China (4.3 tons)
3. United States (2.7 tons)
4. Egypt (0.9 tons)

Wool; Carded Exports in Hong Kong SAR

In 2022, wool; carded exports from Hong Kong SAR soared to 303 kg, increasing by 78% compared with 2021. Overall, exports, however, saw a abrupt shrinkage.

In value terms, wool; carded exports shrank rapidly to $1K in 2022. Over the period under review, exports, however, saw a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 110% against the previous year. As a result, the exports attained the peak of $11K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Wool; Carded from Hong Kong SAR in 2022:

1. Sweden (186.0 kg)
2. Ghana (102.0 kg)
3. Canada (14.0 kg)

Source: IndexBox Market Intelligence Platform