China’s Wool Grease Exports Plunged 27% in 2014
Mixed Farming October 25, 2015
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: World: Wool Grease - Market Report. Analysis And Forecast To 2020
