Price for Wool, Not Carded or Combed in South Korea - 2022
Contents:
- Price for Wool, Not Carded or Combed in South Korea (CIF) - 2022
- Price for Wool, Not Carded or Combed in South Korea (FOB) - 2022
- Imports of Wool, Not Carded or Combed in South Korea
- Exports of Wool, Not Carded or Combed in South Korea
Price for Wool, Not Carded or Combed in South Korea (CIF) - 2022
In December 2022, the average import price for wool, not carded or combed amounted to $7,293 per ton, declining by -11.1% against the previous month. Over the period under review, the import price showed a mild descent. The growth pace was the most rapid in September 2022 when the average import price increased by 8.3% month-to-month. Over the period under review, average import prices attained the peak figure at $9,749 per ton in May 2022; however, from June 2022 to December 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Australia ($7,439 per ton), while the price for China ($6,574 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Wool, Not Carded or Combed in South Korea (FOB) - 2022
The average export price for wool, not carded or combed stood at $1,720 per ton in 2022, shrinking by -18.5% against the previous year. In general, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of 36% against the previous year. The export price peaked at $6,387 per ton in 2015; however, from 2016 to 2022, the export prices remained at a 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 the Philippines ($11,796 per ton), while the average price for exports to Sri Lanka ($693 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 the Philippines (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wool, Not Carded or Combed in South Korea
Wool, not carded or combed imports into South Korea rose to 5.4K tons in 2022, picking up by 1.5% compared with 2021. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 13%.
In value terms, wool, not carded or combed imports reduced to $49M in 2022. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.
| Import of Wool, Not Carded or Combed in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 67.6 | 38.1 | 43.2 | 44.1 | -13.3% |
| China | 5.8 | 2.3 | 2.6 | 3.5 | -15.5% |
| New Zealand | 0.2 | 0.1 | 0.1 | 0.3 | 14.5% |
| Others | 1.5 | 0.9 | 3.6 | 0.8 | -18.9% |
| Total | 75.1 | 41.4 | 49.5 | 48.7 | -13.4% |
Top Suppliers of Wool, Not Carded or Combed to South Korea in 2022:
- Australia (4.7K tons)
- China (0.5K tons)
- New Zealand (0.1K tons)
Exports of Wool, Not Carded or Combed in South Korea
In 2022, approx. 16 tons of wool, not carded or combed were exported from South Korea; growing by 112% compared with 2021. Over the period under review, exports saw a resilient increase.
In value terms, wool, not carded or combed exports surged to $28K in 2022. In general, exports recorded noticeable growth.
| Export of Wool, Not Carded or Combed in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.6 | 7.5 | 3.7 | 6.6 | 36.4% |
| Egypt | 4.8 | 7.8 | 3.6 | 5.9 | 7.1% |
| Philippines | 12.3 | 10.9 | 3.8 | 4.0 | -31.2% |
| Sri Lanka | 1.1 | 2.1 | 1.1 | 1.9 | 20.0% |
| Myanmar | 0.2 | 0.8 | 0.6 | 0.9 | 65.1% |
| Canada | N/A | 4.4 | N/A | N/A | 0% |
| Others | 3.5 | 5.7 | 3.2 | 8.3 | 33.4% |
| Total | 24.5 | 39.2 | 15.9 | 27.6 | 4.1% |
Top Export Markets for Wool, Not Carded or Combed from South Korea in 2022:
- Vietnam (7.5 tons)
- Egypt (4.5 tons)
- Sri Lanka (2.8 tons)
- Myanmar (0.4 tons)
- Philippines (0.3 tons)
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