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Spain - Wool - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Nov 12, 2019

Spain's Wool Production Bounced Back to a Five-Year High of 4.7K Tonnes

IndexBox has just published a new report: 'Spain - Wool - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The revenue of the wool market in Spain amounted to $6.9M in 2018, waning by -17.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, wool consumption, however, continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2012 with an increase of 101% y-o-y. Wool consumption peaked at $8.4M in 2017, and then declined slightly in the following year.

Production in Spain

In 2018, the wool production in Spain stood at 4.7K tonnes, rising by 34% against the previous year. Overall, wool production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when production volume increased by 34% y-o-y. Wool production peaked at 6.1K tonnes in 2012; however, from 2013 to 2018, production failed to regain its momentum.

In value terms, wool production totaled $7M in 2018 estimated in export prices. In general, wool production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when production volume increased by 173% against the previous year. In that year, wool production reached its peak level of $8.8M. From 2013 to 2018, wool production growth remained at a somewhat lower figure.

Exports from Spain

Wool exports from Spain stood at 1.7K tonnes in 2018, rising by 52% against the previous year. Overall, wool exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 52% against the previous year. Over the period under review, wool exports attained their peak figure at 3.9K tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, wool exports totaled $3.9M (IndexBox estimates) in 2018. Overall, wool exports, however, continue to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 69% y-o-y. Over the period under review, wool exports reached their maximum at $11M in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Italy (371 tonnes), Denmark (363 tonnes) and Portugal (348 tonnes) were the main destinations of wool exports from Spain, together comprising 62% of total exports. These countries were followed by Belgium, the UK, France, Lithuania, Germany, Taiwan, Chinese, India and China, which together accounted for a further 32%.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($1.4M), Italy ($874K) and Portugal ($322K) were the largest markets for wool exported from Spain worldwide, together comprising 66% of total exports.

Among the main countries of destination, Denmark recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wool export price stood at $2,228 per tonne in 2018, lowering by -14.4% against the previous year. Over the period under review, the wool export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2011 an increase of 24% year-to-year. In that year, the average export prices for wool reached their peak level of $3,048 per tonne. From 2012 to 2018, the growth in terms of the average export prices for wool remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Denmark ($3,841 per tonne), while the average price for exports to Portugal ($924 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

Imports into Spain

Wool imports into Spain amounted to 1.9K tonnes in 2018, dropping by -29.7% against the previous year. In general, wool imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2016 with an increase of 74% against the previous year. Imports peaked at 2.7K tonnes in 2017, and then declined slightly in the following year.

In value terms, wool imports stood at $4.7M (IndexBox estimates) in 2018. In general, wool imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 49% against the previous year. In that year, wool imports attained their peak of $5.3M, and then declined slightly in the following year.

Imports by Country

In 2018, Portugal (824 tonnes) constituted the largest supplier of wool to Spain, with a 44% share of total imports. Moreover, wool imports from Portugal exceeded the figures recorded by the second-largest supplier, the UK (284 tonnes), threefold. Morocco (270 tonnes) ranked third in terms of total imports with a 14% share.

From 2007 to 2018, the average annual growth rate of volume from Portugal stood at -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+35.5% per year) and Morocco (+42.3% per year).

In value terms, Portugal ($1.4M), the UK ($746K) and New Zealand ($728K) were the largest wool suppliers to Spain, with a combined 62% share of total imports. These countries were followed by Morocco, Australia, Germany and France, which together accounted for a further 28%.

Morocco recorded the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wool import price stood at $2,525 per tonne in 2018, picking up by 26% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 an increase of 26% against the previous year. Over the period under review, the average import prices for wool attained their maximum at $3,124 per tonne in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Australia ($7,649 per tonne), while the price for Portugal ($1,755 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 13102200 - Wool, degreased or carbonised, not carded or combed

This report provides an in-depth analysis of the wool market in Spain. 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 2030.


Country coverage:
• Spain

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Spain
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007-2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2019
Figure 5:
Trade Balance, In Physical Terms, 2007-2019
Figure 6:
Trade Balance, In Value Terms, 2007-2019
Figure 7:
Per Capita Consumption, 2007-2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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