Africa: Greasy Wool Market 2024

Greasy Wool Market Size in Africa

The African greasy wool market shrank modestly to $X in 2022, approximately reflecting the previous year. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Greasy Wool Production in Africa

In value terms, greasy wool production declined to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Greasy Wool Exports

Exports in Africa

In 2022, after two years of growth, there was significant decline in shipments abroad of greasy wool, when their volume decreased by X% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X%. The volume of export peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, greasy wool exports fell rapidly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Lesotho (X tons), Tunisia (X tons) and Libya (X tons), together constituting a X% share of total exports. Algeria (X tons), Kenya (X tons) and Morocco (X tons) took a relatively small share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of greasy wool. At the same time, Algeria (X%), Tunisia (X%), Libya (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Morocco (X%) and Lesotho (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tunisia, Algeria, South Africa and Libya increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest greasy wool supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Lesotho ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In South Africa, greasy wool exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Lesotho (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lesotho ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lesotho (X%), while the other leaders experienced a decline in the export price figures.

Greasy Wool Imports

Imports in Africa

In 2022, supplies from abroad of greasy wool decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports showed a perceptible downturn. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, greasy wool imports declined slightly to $X in 2022. Over the period under review, imports, however, continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa was the largest importing country with an import of about X tons, which resulted at X% of total imports. Tunisia (X tons) ranks second in terms of the total imports with a X% share, followed by Mauritius (X%).

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritius (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. South Africa (X p.p.), Tunisia (X p.p.) and Mauritius (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported greasy wool in Africa, comprising X% of total imports. The second position in the ranking was taken by Mauritius ($X), with an X% share of total imports.

In South Africa, greasy wool imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mauritius (X% per year) and Tunisia (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, greasy wool import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritius ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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