United Kingdom - Wool Grease And Fatty Substances - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWool Grease Price in the UK - 2023
Contents:
- Wool Grease Price in the UK (CIF) - 2023
- Wool Grease Price in the UK (FOB) - 2023
- Wool Grease Imports in the UK
- Wool Grease Exports in the UK
Wool Grease Price in the UK (CIF) - 2023
The average wool grease import price stood at $7,031 per ton in August 2023, approximately mirroring the previous month. Over the period under review, the import price recorded a slight downturn. The growth pace was the most rapid in November 2022 when the average import price increased by 36% m-o-m. As a result, import price reached the peak level of $7,964 per ton. From December 2022 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($48,935 per ton), while the price for Germany ($4,483 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Wool Grease Price in the UK (FOB) - 2023
In August 2023, the average wool grease export price amounted to $12,125 per ton, jumping by 29% against the previous month. Overall, the export price, however, recorded a slight shrinkage. The export price peaked at $18,908 per ton in May 2023; however, from June 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($87,014 per ton), while the average price for exports to the United States ($3,573 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.
Wool Grease Imports in the UK
In 2022, the amount of wool grease and fatty substances imported into the UK shrank markedly to 4.3K tons, reducing by -22.7% compared with 2021 figures. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of 5.5K tons, and then reduced markedly in the following year.
In value terms, wool grease imports shrank to $28M in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, imports reached the peak of $32M, and then dropped in the following year.
Import of Wool Grease in the UK (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 10.7 | 10.9 | 17.0 | 13.8 | 8.9% |
New Zealand | 1.4 | 1.6 | 3.9 | 4.0 | 41.9% |
Seychelles | 0.2 | 2.3 | 1.4 | 3.3 | 154.6% |
Italy | 1.7 | 1.2 | 1.7 | 1.7 | 0.0% |
India | 0.3 | 0.3 | 0.3 | 1.4 | 67.1% |
Belgium | 1.4 | 2.2 | 1.1 | 1.0 | -10.6% |
Bulgaria | 0.7 | 0.6 | 0.6 | 0.9 | 8.7% |
Japan | 3.3 | 1.1 | 1.0 | 0.4 | -50.5% |
Australia | 0.7 | 0.4 | 0.4 | 0.3 | -24.6% |
Czech Republic | N/A | 0.3 | 2.1 | 0.1 | -42.3% |
Netherlands | 0.9 | 0.1 | 0.5 | N/A | -25.5% |
Others | 2.0 | 1.5 | 2.0 | 1.0 | -20.6% |
Total | 23.1 | 22.5 | 31.9 | 27.9 | 6.5% |
Top Suppliers of Wool Grease to the UK in 2022:
- China (2127.0 tons)
- New Zealand (631.9 tons)
- Seychelles (359.8 tons)
- Italy (349.0 tons)
- India (262.5 tons)
- Bulgaria (182.6 tons)
- Japan (113.3 tons)
- Belgium (76.7 tons)
- Australia (46.6 tons)
- Czech Republic (23.0 tons)
- Netherlands (11.7 tons)
Wool Grease Exports in the UK
In 2022, approx. 4.7K tons of wool grease and fatty substances were exported from the UK; with an increase of 51% against the previous year. Overall, total exports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, wool grease exports surged to $52M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Wool Grease in the UK (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 7.7 | 7.6 | 8.7 | 12.1 | 16.3% |
Germany | 2.4 | 4.1 | 3.3 | 9.7 | 59.3% |
United States | 5.7 | 6.9 | 4.2 | 8.6 | 14.7% |
Poland | 1.1 | 0.9 | 1.5 | 4.0 | 53.8% |
Italy | 2.0 | 2.6 | 1.3 | 2.5 | 7.7% |
Japan | 2.6 | 2.1 | 2.0 | 2.5 | -1.3% |
France | 3.0 | 1.8 | 1.8 | 1.8 | -15.7% |
Brazil | 0.7 | 0.8 | 0.8 | 1.5 | 28.9% |
Ireland | 1.1 | 1.6 | 1.7 | 1.4 | 8.4% |
India | 0.9 | 0.4 | 1.0 | 0.7 | -8.0% |
Spain | 0.5 | 0.6 | 0.3 | 0.6 | 6.3% |
Others | 7.3 | 6.2 | 4.5 | 6.1 | -5.8% |
Total | 35.0 | 35.5 | 30.9 | 51.5 | 13.7% |
Top Export Markets for Wool Grease from the UK in 2022:
- Germany (1099.9 tons)
- Netherlands (1012.2 tons)
- United States (755.2 tons)
- Italy (299.0 tons)
- Japan (295.6 tons)
- Poland (168.2 tons)
- France (142.3 tons)
- India (140.4 tons)
- Spain (140.2 tons)
- Brazil (107.9 tons)
- Ireland (89.1 tons)
This report provides an in-depth analysis of the wool grease market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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 the UK.
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 the UK.
This report provides an in-depth analysis of the global wool grease market.
In January 2023, Wool Grease exports experienced a significant growth rate of 166% compared to the previous month. The value of Wool Grease exports reached $2.9M in November 2023.
In May 2023, the price of Wool Grease was $5,965 per ton (CIF, United Kingdom), representing a decrease of 2.7% compared to the previous month.
In January 2023, Wool Grease exports experienced a significant growth rate of 166% compared to the previous month. The value of Wool Grease exports reached $2.9M in November 2023.
In May 2023, the price of Wool Grease was $5,965 per ton (CIF, United Kingdom), representing a decrease of 2.7% compared to the previous month.