Wool; Carded Price in South Korea - 2022

Contents:

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

Wool; Carded Price in South Korea (CIF) - 2022

In December 2022, the average wool; carded import price amounted to $6,900 per ton, increasing by 23% against the previous month. Overall, the import price saw a noticeable increase. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 237% month-to-month. The import price peaked in December 2022.

Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Belgium ($6,906 per ton), while the price for China amounted to $6,525 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%).

Wool; Carded Price in South Korea (FOB) - 2022

In 2022, the average wool; carded export price amounted to $118,333 per ton, picking up by 1,530% against the previous year. Overall, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +10.0% per year.

Wool; Carded Imports in South Korea

After three years of growth, overseas purchases of wool; carded decreased by -27.7% to 483 tons in 2022. Overall, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports attained the peak of 668 tons, and then dropped markedly in the following year.

In value terms, wool; carded imports fell significantly to $2.2M in 2022. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 15%.

Top Suppliers of Wool; Carded to South Korea in 2022:

1. China (289.8 tons)
2. Belgium (192.9 tons)

Wool; Carded Exports in South Korea

In 2022, shipments abroad of wool; carded decreased by 99.9% to 3 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 143%. As a result, the exports reached the peak of 11 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, wool; carded exports declined markedly to $355 in 2022. Over the period under review, exports faced a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 84%. As a result, the exports attained the peak of $71K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Wool; Carded from South Korea in 2022:

1. Denmark (3.0 kg)

Source: IndexBox Market Intelligence Platform