Eastern Asia: Noils Of Wool Market 2024

Noils Of Wool Market Size in Eastern Asia

The East Asian noils of wool market rose to $X in 2022, surging by X% against the previous year. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Noils Of Wool Production in Eastern Asia

In value terms, noils of wool production expanded to $X in 2022 estimated in export price. Overall, production showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Noils Of Wool Exports

Exports in Eastern Asia

Noils of wool exports surged to X tons in 2022, growing by X% on the previous year's figure. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, noils of wool exports expanded significantly to $X in 2022. Overall, exports, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Japan (X tons), achieving a X% share of total exports. The following exporters - Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) - together made up X% of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. At the same time, Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Japan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest noils of wool supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, noils of wool exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Noils Of Wool Imports

Imports in Eastern Asia

In 2022, purchases abroad of noils of wool or fine animal hair increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, noils of wool imports expanded significantly to $X in 2022. Overall, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China was the main importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Japan (X tons), comprising a X% share of total imports. South Korea (X tons) held a relatively small share of total imports.

Imports into China decreased at an average annual rate of X% from 2012 to 2022. Japan (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest noils of wool importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising X% of total imports.

Japan, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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