Price for Yarn of Carded Wool, Not Put Up for Retail Sale in South Korea - 2022
Contents:
- Price for Yarn of Carded Wool, Not Put Up for Retail Sale in South Korea (FOB) - 2022
- Price for Yarn of Carded Wool, Not Put Up for Retail Sale in South Korea (CIF) - 2022
- Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in South Korea
- Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in South Korea
Price for Yarn of Carded Wool, Not Put Up for Retail Sale in South Korea (FOB) - 2022
In December 2022, the average export price for yarn of carded wool, not put up for retail sale amounted to $11,489 per ton, reducing by -10.9% against the previous month. In general, the export price showed a drastic downturn. The pace of growth was the most pronounced in July 2022 when the average export price increased by 20% month-to-month. Over the period under review, the average export prices reached the maximum at $32,871 per ton in December 2021; however, from January 2022 to December 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was China ($42,128 per ton), while the average price for exports to Japan ($10,621 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Yarn of Carded Wool, Not Put Up for Retail Sale in South Korea (CIF) - 2022
In 2022, the average import price for yarn of carded wool, not put up for retail sale amounted to $15,483 per ton, reducing by -9.9% against the previous year. In general, the import price recorded a slight curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 4.9% against the previous year. As a result, import price attained the peak level of $19,286 per ton. From 2014 to 2022, the average 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 Italy ($26,931 per ton), while the price for China stood at $9,774 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.1%).
Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in South Korea
After two years of decline, shipments abroad of yarn of carded wool, not put up for retail sale increased by 41% to 662 tons in 2022. Overall, exports, however, showed a deep downturn.
In value terms, exports of yarn of carded wool, not put up for retail sale skyrocketed to $15M in 2022. In general, exports, however, faced a abrupt decrease.
| Export of Yarn of Carded Wool, Not Put Up for Retail Sale in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.1 | 5.4 | 4.9 | 4.8 | -12.2% |
| Vietnam | 2.4 | 1.7 | 1.8 | 3.7 | 15.5% |
| Japan | 6.7 | 1.9 | 0.7 | 2.3 | -30.0% |
| Thailand | 1.3 | 1.1 | 0.8 | 1.6 | 7.2% |
| Pakistan | 1.4 | 0.6 | 1.0 | 0.8 | -17.0% |
| Bangladesh | 0.2 | 0.2 | 0.5 | 0.6 | 44.2% |
| Hong Kong SAR | 1.3 | 1.0 | 1.1 | 0.6 | -22.7% |
| Indonesia | 0.5 | 0.5 | 0.4 | 0.2 | -26.3% |
| Others | 0.9 | 0.3 | 0.1 | 0.1 | -51.9% |
| Total | 21.7 | 12.6 | 11.2 | 14.7 | -12.2% |
Top Export Markets for Yarn of Carded Wool, Not Put Up for Retail Sale from South Korea in 2022:
- Vietnam (184.2 tons)
- Japan (177.2 tons)
- China (158.7 tons)
- Thailand (48.5 tons)
- Pakistan (40.5 tons)
- Hong Kong SAR (18.1 tons)
- Bangladesh (16.8 tons)
- Indonesia (12.2 tons)
Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in South Korea
Imports of yarn of carded wool, not put up for retail sale into South Korea soared to 754 tons in 2022, picking up by 39% against the year before. Overall, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of yarn of carded wool, not put up for retail sale soared to $12M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern.
| Import of Yarn of Carded Wool, Not Put Up for Retail Sale in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 8.2 | 5.3 | 5.8 | 6.6 | -7.0% |
| China | 3.5 | 2.8 | 3.3 | 4.7 | 10.3% |
| Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Total | 12.0 | 8.3 | 9.4 | 11.7 | -0.8% |
Top Suppliers of Yarn of Carded Wool, Not Put Up for Retail Sale to South Korea in 2022:
- China (483.9 tons)
- Italy (246.2 tons)
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This report provides an in-depth analysis of the woolen yarn market in Republic of Korea.
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