South Africa - Wool Grease And Fatty Substances - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWool Grease Price in South Africa - 2023
Contents:
- Wool Grease Price in South Africa (CIF) - 2023
- Wool Grease Price in South Africa (FOB) - 2022
- Wool Grease Imports in South Africa
- Wool Grease Exports in South Africa
Wool Grease Price in South Africa (CIF) - 2023
In September 2023, the average wool grease import price amounted to $6,411 per ton, waning by -54.9% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 452% m-o-m. As a result, import price reached the peak level of $26,368 per ton. From December 2022 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($17,390 per ton), while the price for Germany ($1,430 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Wool Grease Price in South Africa (FOB) - 2022
In 2022, the average wool grease export price amounted to $4,867 per ton, dropping by -64.3% against the previous year. In general, the export price showed a pronounced setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by 96%. As a result, the export price reached the peak level of $13,646 per ton, and then dropped sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Namibia ($9,692 per ton), while the average price for exports to China ($968 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 Namibia (+8.7%), while the prices for the other major destinations experienced a decline.
Wool Grease Imports in South Africa
In 2022, the amount of wool grease and fatty substances imported into South Africa declined remarkably to 187 tons, falling by -30.3% against the previous year. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. As a result, imports attained the peak of 269 tons, and then dropped sharply in the following year.
In value terms, wool grease imports dropped significantly to $1.7M in 2022. Over the period under review, imports saw a mild contraction. The growth pace was the most rapid in 2021 with an increase of 155%. As a result, imports reached the peak of $2.5M, and then plummeted in the following year.
Import of Wool Grease in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 378 | 434 | 562 | 584 | 15.6% |
India | 104 | 118 | 265 | 471 | 65.4% |
Lesotho | N/A | 87.8 | 668 | 245 | 67.0% |
Germany | 36.1 | 45.6 | 230 | 160 | 64.3% |
United Kingdom | 340 | 164 | 51.8 | 122 | -28.9% |
Belgium | 28.1 | 19.8 | 19.3 | 41.1 | 13.5% |
Australia | 292 | 57.4 | 22.5 | 4.7 | -74.8% |
Czech Republic | N/A | N/A | 604 | N/A | 0% |
Others | 572 | 47.9 | 67.9 | 55.6 | -54.0% |
Total | 1,750 | 975 | 2,489 | 1,682 | -1.3% |
Top Suppliers of Wool Grease to South Africa in 2022:
- China (96.7 tons)
- India (56.4 tons)
- Germany (12.9 tons)
- Lesotho (9.6 tons)
- United Kingdom (6.8 tons)
- Belgium (3.0 tons)
- Australia (0.2 tons)
Wool Grease Exports in South Africa
In 2022, approx. 596 tons of wool grease and fatty substances were exported from South Africa; picking up by 2,350% on 2021. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, wool grease exports soared to $2.9M in 2022. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Wool Grease in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | N/A | N/A | N/A | 2,727 | 0% |
China | N/A | N/A | N/A | 72.7 | 0% |
Zimbabwe | 30.6 | 32.5 | 71.2 | 61.9 | 26.5% |
Lesotho | 6.7 | 14.4 | 6.1 | 3.8 | -17.2% |
Others | 74.1 | 99.5 | 255 | 34.2 | -22.7% |
Total | 111 | 146 | 332 | 2,899 | 196.7% |
Top Export Markets for Wool Grease from South Africa in 2022:
- Germany (507.3 tons)
- China (75.2 tons)
- Zimbabwe (9.5 tons)
- Lesotho (0.9 tons)
This report provides an in-depth analysis of the wool grease market in South Africa. 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 994 - Wool Grease and Lanolin
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the wool grease market in South Africa.
This report provides an in-depth analysis of the global wool grease market.
This report provides an in-depth analysis of the wool grease market in South Africa.
This report provides an in-depth analysis of the global wool grease market.
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