Africa: Wool Grease Market 2024

Wool Grease Market Size in Africa

The African wool grease market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wool Grease Production in Africa

In value terms, wool grease production reached $X in 2022 estimated in export price. In general, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Wool Grease Exports

Exports in Africa

In 2022, the amount of wool grease and fatty substances exported in Africa skyrocketed to X tons, jumping by X% against 2021 figures. Over the period under review, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, wool grease exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. Egypt (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Lesotho (X%) and Togo (X%). The following exporters - Senegal (X tons) and Tanzania (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wool grease exports from South Africa stood at X%. At the same time, Tanzania (X%), Egypt (X%), Lesotho (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Togo experienced a relatively flat trend pattern. From 2012 to 2022, the share of Egypt, Togo, Lesotho and Tanzania increased by X, X, X and X percentage points, respectively.

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

In South Africa, wool grease exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped remarkably in the following year.

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

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

Wool Grease Imports

Imports in Africa

In 2022, the amount of wool grease and fatty substances imported in Africa skyrocketed to X tons, with an increase of X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a mild slump. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wool grease imports dropped to $X in 2022. Overall, imports, however, continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Democratic Republic of the Congo (X tons), South Africa (X tons) and Nigeria (X tons) represented the key importer of wool grease and fatty substances in Africa, achieving X% of total import. Cote d'Ivoire (X tons) held the next position in the ranking, followed by Morocco (X tons) and Uganda (X tons). All these countries together held approx. X% share of total imports. Egypt (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Democratic Republic of the Congo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wool grease importing markets in Africa were South Africa ($X), Morocco ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports. Nigeria, Democratic Republic of the Congo, Uganda and Egypt lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :