Africa: Greasy Wool Market Overview 2021

Greasy Wool Market Size in Africa

The African greasy wool market fell sharply to $X in 2019, dropping by -X% against the previous year. In general, consumption, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2012 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Greasy Wool Production in Africa

In value terms, greasy wool production fell to $X in 2019 estimated in export prices. The total production indicated a temperate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. From 2016 to 2019, production growth failed to regain the momentum.

Production By Country in Africa

Lesotho (X tonnes) remains the largest greasy wool producing country in Africa, comprising approx. X% of total volume. Moreover, greasy wool production in Lesotho exceeded the figures recorded by the second-largest producer, Morocco (X tonnes), threefold. The third position in this ranking was occupied by Kenya (X tonnes), with a X% share.

In Lesotho, greasy wool production expanded at an average annual rate of +X% over the period from 2007-2019. The remaining producing countries recorded the following average annual rates of production growth: Morocco (+X% per year) and Kenya (+X% per year).

Greasy Wool Exports

Exports in Africa

In 2019, shipments abroad of greasy wool not carded or combed increased by X% to X tonnes, rising for the fourth year in a row after five years of decline. Overall, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, greasy wool exports rose notably to $X in 2019. In general, exports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

Exports by Country

In 2019, Tunisia (X tonnes), Libya (X tonnes), Algeria (X tonnes), Lesotho (X tonnes), Kenya (X tonnes) and Morocco (X tonnes) was the largest exporter of greasy wool not carded or combed in Africa, generating X% of total export. It was distantly followed by Egypt (X tonnes), creating a X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Tunisia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest greasy wool supplying countries in Africa were Lesotho ($X), Tunisia ($X) and Kenya ($X), together accounting for X% of total exports.

Among the main exporting countries, Tunisia saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the greasy wool export price in Africa amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2017 to 2019, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Lesotho ($X per tonne), while Libya ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Lesotho, while the other leaders experienced more modest paces of growth.

Greasy Wool Imports

Imports in Africa

Greasy wool imports skyrocketed to X tonnes in 2019, growing by X% on the year before. Total imports indicated a perceptible increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in years to come.

In value terms, greasy wool imports declined significantly to $X in 2019. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2018, and then declined dramatically in the following year.

Imports by Country

Egypt dominates greasy wool imports structure, reaching X tonnes, which was near X% of total imports in 2019. Burkina Faso (X tonnes) ranks second in terms of the total imports with a X% share, followed by Morocco (X%). South Africa (X tonnes), Mauritius (X tonnes) and Congo (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to greasy wool imports into Egypt stood at +X%. At the same time, Congo (+X%), Burkina Faso (+X%) and Morocco (+X%) displayed positive paces of growth. Moreover, Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2007-2019. By contrast, South Africa (-X%) and Mauritius (-X%) illustrated a downward trend over the same period. Egypt (+X p.p.), Burkina Faso (+X p.p.), Morocco (+X p.p.) and Congo (+X p.p.) significantly strengthened its position in terms of the total imports, while Mauritius and South Africa saw its share reduced by -X% and -X% from 2007 to 2019, respectively.

In value terms, Egypt ($X) constitutes the largest market for imported greasy wool not carded or combed in Africa, comprising X% of total imports. The second position in the ranking was occupied by Mauritius ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

In Egypt, greasy wool imports increased at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (-X% per year) and South Africa (-X% per year).

Import Prices by Country

In 2019, the greasy wool import price in Africa amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price saw a mild descent. The growth pace was the most rapid in 2010 an increase of X% year-to-year. As a result, import price reached the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Mauritius ($X per tonne), while Burkina Faso ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mauritius, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for greasy wool not carded or combed in Africa?

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The country with the largest volume of greasy wool consumption was Lesotho (9.5K tonnes), comprising approx. 57% of total volume. Moreover, greasy wool consumption in Lesotho exceeded the figures recorded by the second-largest consumer, Morocco (2.6K tonnes), fourfold. Kenya (1.7K tonnes) ranked third in terms of total consumption with a 10% share.

What are the largest producers of greasy wool not carded or combed in Africa?

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Lesotho (11K tonnes) remains the largest greasy wool producing country in Africa, accounting for 41% of total volume. Moreover, greasy wool production in Lesotho exceeded the figures recorded by the second-largest producer, Morocco (3.7K tonnes), threefold. The third position in this ranking was occupied by Kenya (2.8K tonnes), with a 11% share.

What are the leading suppliers of greasy wool not carded or combed in Africa?

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In value terms, the largest greasy wool supplying countries in Africa were Lesotho ($3.9M), Tunisia ($3.2M) and Kenya ($2.6M), with a combined 65% share of total exports.

What are the leading importers of greasy wool not carded or combed in Africa?

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In value terms, Egypt ($2M) constitutes the largest market for imported greasy wool not carded or combed in Africa, comprising 79% of total imports. The second position in the ranking was occupied by Mauritius ($190K), with a 7.4% share of total imports. It was followed by South Africa, with a 4.7% share.

What is the average export price for greasy wool not carded or combed in Africa?

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The greasy wool export price in Africa stood at $1,446 per tonne in 2019, increasing by 3.8% against the previous year.

What is the average import price for greasy wool not carded or combed in Africa?

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The greasy wool import price in Africa stood at $2,904 per tonne in 2019, waning by -56.9% against the previous year.