Pakistan - Greasy Wool - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Pakistan - Greasy Wool - Market Analysis, Forecast, Size, Trends and Insights

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Greasy Wool Price in Pakistan - 2023

Contents:

  1. Greasy Wool Price in Pakistan (CIF) - 2022
  2. Greasy Wool Price in Pakistan (FOB) - 2022
  3. Greasy Wool Imports in Pakistan
  4. Greasy Wool Exports in Pakistan

Greasy Wool Price in Pakistan (CIF) - 2022

In 2022, the average greasy wool import price amounted to $1,715 per ton, with a decrease of -25% against the previous year. In general, the import price recorded a noticeable slump. The growth pace was the most rapid in 2015 when the average import price increased by 30%. Over the period under review, average import prices reached the peak figure at $3,413 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Afghanistan ($4,644 per ton), while the price for Tunisia ($974 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (-2.2%), while the prices for the other major suppliers experienced a decline.

Greasy Wool Price in Pakistan (FOB) - 2022

The average greasy wool export price stood at $1,430 per ton in 2022, picking up by 49% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 49%. Over the period under review, the average export prices attained the maximum at $2,320 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($3,167 per ton), while the average price for exports to Turkey ($511 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 Syrian Arab Republic (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Greasy Wool Imports in Pakistan

In 2022, after two years of decline, there was significant growth in supplies from abroad of greasy wool, when their volume increased by 15% to 368 tons. Over the period under review, imports, however, showed a drastic downturn.

In value terms, greasy wool imports fell to $631K in 2022. Overall, imports, however, faced a precipitous decline.

Import of Greasy Wool in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia738624219260-29.4%
Germany197165185142-10.3%
Jordan36.330.175.072.325.8%
Afghanistan18453.326.739.8-40.0%
Turkey62.143.039.829.7-21.8%
Iraq52.033.428.615.8-32.8%
Tunisia27.716.210.48.8-31.8%
Others16087.715062.7-26.8%
Total1,4571,053734631-24.3%

Top Suppliers of Greasy Wool to Pakistan in 2022:

  1. Saudi Arabia (255.1 tons)
  2. Germany (39.3 tons)
  3. Jordan (20.3 tons)
  4. Turkey (12.2 tons)
  5. Tunisia (9.1 tons)
  6. Afghanistan (8.6 tons)
  7. Iraq (8.0 tons)

Greasy Wool Exports in Pakistan

For the fourth consecutive year, Pakistan recorded growth in overseas shipments of greasy wool, which increased by 31% to 115 tons in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 139%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, greasy wool exports surged to $164K in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 107% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Greasy Wool in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India20.125.957.711779.9%
Syrian Arab Republic1.92.55.711.682.8%
China2.42.95.710.262.0%
Turkey1.92.45.19.772.2%
United Arab Emirates0.31.24.78.2201.2%
Saudi Arabia0.70.81.62.960.6%
Others1.55.03.55.352.3%
Total28.740.684.016478.8%

Top Export Markets for Greasy Wool from Pakistan in 2022:

  1. India (73.5 tons)
  2. Turkey (18.9 tons)
  3. United Arab Emirates (8.7 tons)
  4. Syrian Arab Republic (6.6 tons)
  5. China (3.2 tons)
  6. Saudi Arabia (2.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the greasy wool market in Pakistan. 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.

Product coverage:

  • FCL 987 - Wool, Greasy

Country coverage:

  • Pakistan

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Pakistan
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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