World - Wool Grease - Market Analysis, Forecast, Size, Trends and Insights
China’s Wool Grease Exports Plunged 27% in 2014
China dominates in the global wool grease trade. In 2014, China exported 13 thousand tonnes of wool grease totaling 62 million USD, 27% under the previous year. Its primary trading partner was Japan, where it supplied 30% of its total wool grease exports in value terms, accounting for 68% of Japan's total imports.
Overall, the global wool grease trade reached 265 million USD, with a CAGR of 11% from 2007 to 2014. In physical terms, it decreased from 39 thousand tonnes in 2007 to 37 thousand tonnes in 2014.
In 2014, Germany (18%), the U.S. (12%), Japan (10%), the Netherlands (7%) and the United Kingdom (6%) were the leading destinations of wool grease imports, together making up 54% of global imports. The share of Germany increased (+8 percentage points), while the share of the U.S. illustrated negative dynamics (-6 percentage points).
The United Kingdom and Japan were among the other main global suppliers of wool grease in 2014 with a combined share of 29% of global exports. However, the fastest growing exporters from 2007 to 2014 were the Netherlands (+30% per year) and China (+23% per year). China significantly strengthened its position in the global export structure, from 11% in 2007 to 24% in 2014.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the global wool grease market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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