Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in South Korea - 2022
Contents:
- Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in South Korea (CIF) - 2022
- Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in South Korea (FOB) - 2022
- Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in South Korea
- Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in South Korea
Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in South Korea (CIF) - 2022
In 2022, the average import price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $16,730 per ton, jumping by 23% against the previous year. In general, the import price, however, showed a mild shrinkage. The growth pace was the most rapid in 2019 an increase of 40% against the previous year. The import price peaked at $19,883 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($18,412 per ton), while the price for Uzbekistan ($7,589 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.6%), while the prices for the other major suppliers experienced a decline.
Price for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in South Korea (FOB) - 2022
In 2022, the average export price for silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s amounted to $10,764 per ton, with an increase of 14% against the previous year. Over the period under review, the export price recorded a tangible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 142% against the previous year. The export price peaked at $28,611 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($68,135 per ton), while the average price for exports to the UK ($5,410 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 Nigeria (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in South Korea
In 2022, approx. 32 tons of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s were imported into South Korea; waning by -23.5% against the previous year's figure. In general, imports saw a sharp decrease.
In value terms, imports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s dropped to $527K in 2022. Over the period under review, imports showed a sharp contraction.
| Import of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,600 | 979 | 407 | 305 | -56.1% |
| Thailand | 375 | 177 | 136 | 192 | -20.0% |
| Uzbekistan | 241 | 104 | 10.9 | 23.8 | -53.8% |
| Others | 14.5 | 12.7 | 8.8 | 6.6 | -23.1% |
| Total | 4,230 | 1,272 | 562 | 527 | -50.1% |
Top Suppliers of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) to South Korea in 2022:
- China (16.6 tons)
- Thailand (11.7 tons)
- Uzbekistan (3.1 tons)
Exports of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in South Korea
In 2022, approx. 2.2 tons of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s were exported from South Korea; which is down by -32% against the previous year's figure. In general, exports saw a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by 94% against the previous year.
In value terms, exports of silk waste (including cocoons unsuitable for reeling, yarn waste and garnetted stock)s shrank significantly to $23K in 2022. Overall, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 74%.
| Export of Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 36.8 | 5.9 | 11.9 | 9.3 | -36.8% |
| Indonesia | 23.1 | 3.7 | 7.5 | 5.8 | -36.9% |
| Vietnam | 14.4 | 2.3 | 4.6 | 3.5 | -37.6% |
| China | 26.8 | 2.8 | 3.4 | 3.1 | -51.3% |
| Angola | 13.0 | N/A | N/A | N/A | 0% |
| Others | 10.2 | 2.6 | 2.5 | 1.5 | -47.2% |
| Total | 124 | 17.2 | 29.9 | 23.3 | -42.7% |
Top Export Markets for Silk Waste (Including Cocoons Unsuitable for Reeling, Yarn Waste and Garnetted Stock) from South Korea in 2022:
- United Kingdom (1721.0 kg)
- Indonesia (192.0 kg)
- China (179.0 kg)
- Vietnam (52.0 kg)
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