Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in South Korea - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in South Korea (CIF) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in South Korea (FOB) - 2022
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in South Korea
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in South Korea
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in South Korea (CIF) - 2022
The average import price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $3,812 per ton in 2022, reducing by -34.5% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2017 an increase of 34% against the previous year. As a result, import price reached the peak level of $8,522 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +15.6% per year.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in South Korea (FOB) - 2022
The average export price for wool; (not carded or combed), degreased, (not carbonised), (other than shorn) stood at $7,864 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 292% against the previous year. The export price peaked at $40,892 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($15,375 per ton), while the average price for exports to Fiji stood at $3,571 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+8.8%).
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in South Korea
In 2022, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) into South Korea reduced sharply to 9.3 tons, which is down by -34.5% compared with the year before. In general, imports faced a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 19%.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) fell rapidly to $35K in 2022. Over the period under review, imports faced a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 56%.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 12.0 | N/A | 35.4 | 71.8% |
| New Zealand | 121 | 29.1 | 21.3 | N/A | -58.0% |
| Japan | N/A | 9.9 | N/A | N/A | 0% |
| United Kingdom | 70.3 | N/A | 60.9 | N/A | -6.9% |
| France | 64.0 | N/A | N/A | N/A | 0% |
| Australia | 336 | N/A | N/A | N/A | 0% |
| Others | N/A | 2.0 | 0.2 | N/A | -90.0% |
| Total | 590 | 53.0 | 82.5 | 35.4 | -60.9% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) to South Korea in 2022:
- China (9.3 tons)
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in South Korea
In 2022, approx. 22 kg of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) were exported from South Korea; remaining constant against 2021 figures. Over the period under review, exports faced a precipitous setback. The smallest decline of 99.9% was in 2021.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), (other than shorn) amounted to $173 in 2022. Overall, exports showed a dramatic slump. The smallest decline of 99.9% was in 2021.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Fiji | N/A | N/A | 0.1 | 0% | |
| Myanmar | N/A | N/A | 0.1 | 0% | |
| Canada | 14.3 | N/A | N/A | 0% | |
| Others | 0.1 | N/A | N/A | 0% | |
| Total | 14.4 | N/A | 0.2 | -88.2% | |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), (Other than Shorn) from South Korea in 2022:
- Fiji (14.0 kg)
- Myanmar (8.0 kg)
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