Wool; Carded Price in Vietnam - 2021

Contents:

1. Wool; Carded Price in Vietnam (CIF) - 2022
2. Wool; Carded Price in Vietnam (FOB) - 2022
3. Wool; Carded Imports in Vietnam
4. Wool; Carded Exports in Vietnam

Wool; Carded Price in Vietnam (CIF) - 2022

The average wool; carded import price stood at $12,448 per ton in 2022, growing by 20% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 52% against the previous year. Over the period under review, average import prices attained the maximum at $12,556 per ton in 2013; however, from 2014 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 China amounted to +3.0% per year.

Wool; Carded Price in Vietnam (FOB) - 2022

The average wool; carded export price stood at $32,917 per ton in 2022, increasing by 9.7% against the previous year. Overall, the export price showed strong growth. The pace of growth was the most pronounced in 2018 an increase of 109% against the previous year. Over the period under review, the average export prices attained the maximum at $43,050 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +5.7% per year.

Wool; Carded Imports in Vietnam

In 2022, the amount of wool; carded imported into Vietnam soared to 13 tons, jumping by 27% compared with the previous year. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 813%. As a result, imports reached the peak of 29 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wool; carded imports soared to $167K in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 1,289%. As a result, imports attained the peak of $225K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Wool; Carded to Vietnam in 2022:

1. China (13.3 tons)

Wool; Carded Exports in Vietnam

For the third consecutive year, Vietnam recorded decline in overseas shipments of wool; carded, which decreased by 0% to 12 kg in 2022. Over the period under review, exports saw a abrupt curtailment. The smallest decline of -7.7% was in 2021.

In value terms, wool; carded exports totaled $395 in 2022. In general, exports continue to indicate a drastic downturn.

Top Export Markets for Wool; Carded from Vietnam in 2022:

1. Norway (12.0 kg)

Source: IndexBox Market Intelligence Platform