Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in South Korea - 2022
Contents:
- Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in South Korea (CIF) - 2022
- Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in South Korea
Price for Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in South Korea (CIF) - 2022
The average import price for wool; (not carded or combed), degreased, (not carbonised), shorn stood at $4,169 per ton in 2022, declining by -14.1% against the previous year. Overall, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2018 an increase of 49% against the previous year. As a result, import price reached the peak level of $6,798 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 Belgium ($6,669 per ton), while the price for New Zealand ($2,803 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.0%), while the prices for the other major suppliers experienced a decline.
Imports of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in South Korea
Imports of wool; (not carded or combed), degreased, (not carbonised), shorn into South Korea soared to 100 tons in 2022, rising by 62% compared with the previous year. Overall, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of wool; (not carded or combed), degreased, (not carbonised), shorn skyrocketed to $419K in 2022. In general, imports, however, showed a pronounced curtailment.
| Import of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 196 | 114 | 118 | 227 | 5.0% |
| New Zealand | 60.9 | 41.0 | 56.6 | 171 | 41.1% |
| China | 10.0 | 10.0 | 13.2 | 20.8 | 27.7% |
| United Kingdom | 79.2 | 26.1 | 3.5 | N/A | -79.0% |
| Australia | 105 | 96.6 | 110 | N/A | 2.4% |
| Others | 1.8 | 0.1 | N/A | N/A | -94.4% |
| Total | 453 | 288 | 301 | 419 | -2.6% |
Top Suppliers of Wool; (Not Carded or Combed), Degreased, (Not Carbonised), Shorn to South Korea in 2022:
- New Zealand (61.0 tons)
- Belgium (34.0 tons)
- China (5.4 tons)
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