Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hong Kong SAR - 2023
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hong Kong SAR (FOB) - 2022
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hong Kong SAR (CIF) - 2022
- Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hong Kong SAR
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hong Kong SAR
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for wool; (not carded or combed), degreased, (not carbonised), shorn amounted to $1,168 per ton, dropping by -24.2% against the previous year. In general, the export price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 a decrease of -7.2% against the previous year. Over the period under review, the average export prices hit record highs at $5,023 per ton in 2012; however, from 2013 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 China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -13.5% per year.
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hong Kong SAR (CIF) - 2022
The average import price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $1,004 per ton in 2022, which is down by -61.5% against the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 224%. The import price peaked at $5,018 per ton in 2012; however, from 2013 to 2022, 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 the UK amounted to +2.4% per year.
Exports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hong Kong SAR
In 2022, exports of wool; (not carded or combed), degreased, (not carbonised), shorn from Hong Kong SAR declined remarkably to 367 tons, which is down by -20.4% on the previous year. In general, exports continue to indicate a deep slump. The smallest decline of -10.8% was in 2021.
In value terms, exports of wool; (not carded or combed), degreased, (not carbonised), shorn dropped notably to $429K in 2022. Overall, exports showed a significant contraction. The smallest decline of -22.3% was in 2021.
| Export of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,178 | 915 | 711 | 429 | -28.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,178 | 915 | 711 | 429 | -28.6% |
Top Export Markets for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn from Hong Kong SAR in 2022:
- China (367.3 tons)
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hong Kong SAR
In 2022, overseas purchases of wool; (not carded or combed), degreased, (not carbonised), shorn increased by 96% to 90 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a dramatic setback.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn contracted notably to $90K in 2022. Over the period under review, imports, however, faced a significant curtailment. The smallest decline of -19.6% was in 2020.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.0 | 26.8 | 9.2 | 90.2 | 42.8% |
| New Zealand | 44.7 | 71.3 | 52.3 | N/A | 8.2% |
| United Kingdom | 56.1 | 39.4 | 9.4 | N/A | -59.1% |
| Egypt | 42.2 | N/A | N/A | N/A | 0% |
| Kyrgyzstan | N/A | N/A | 39.0 | N/A | 0% |
| Others | 22.8 | 20.7 | 9.6 | N/A | -35.1% |
| Total | 197 | 158 | 120 | 90.2 | -22.9% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to Hong Kong SAR in 2022:
- China (89.8 tons)
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