Report Asia - Wool Grease and Fatty Substances - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 22, 2023

Asia - Wool Grease and Fatty Substances - Market Analysis, Forecast, Size, Trends and Insights

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Asia: Wool Grease Market 2023

Wool Grease Market Size in Asia

The Asian wool grease market expanded significantly to $X in 2021, with an increase of 12% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Wool Grease Production in Asia

In value terms, wool grease production totaled $X in 2021 estimated in export price. Overall, production, however, saw a pronounced downturn. The growth pace was the most rapid in 2016 when the production volume increased by 38% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Wool Grease Exports

Exports in Asia

In 2021, shipments abroad of wool grease and fatty substances increased by 11% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a slight decrease. The pace of growth was the most pronounced in 2017 when exports increased by 23%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, wool grease exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a perceptible decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X tons) was the key exporter of wool grease and fatty substances, constituting 80% of total exports. Japan (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by India (6%).

China experienced a relatively flat trend pattern with regard to volume of exports of wool grease and fatty substances. At the same time, India (+3.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +3.2% from 2012-2021. Japan experienced a relatively flat trend pattern. From 2012 to 2021, the share of China and India increased by +6.3 and +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wool grease supplier in Asia, comprising 70% of total exports. The second position in the ranking was taken by Japan ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at -2.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-2.1% per year) and India (+5.1% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 34% against the previous year. Overall, the export price, however, continues to indicate a slight curtailment. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.8%), while the other leaders experienced a decline in the export price figures.

Wool Grease Imports

Imports in Asia

In 2021, after two years of decline, there was significant growth in purchases abroad of wool grease and fatty substances, when their volume increased by 24% to X tons. Over the period under review, imports, however, showed a slight downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 35% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, wool grease imports surged to $X in 2021. In general, imports, however, saw a pronounced setback. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan was the largest importing country with an import of about X tons, which amounted to 57% of total imports. It was distantly followed by India (X tons), making up a 26% share of total imports. The following importers - Thailand (X tons), China (X tons), South Korea (X tons), Turkey (X tons) and Pakistan (X tons) - each finished at a 10% share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of wool grease and fatty substances. At the same time, India (+20.5%), Pakistan (+10.1%) and China (+9.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +20.5% from 2012-2021. Turkey and South Korea experienced a relatively flat trend pattern. By contrast, Thailand (-3.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and China increased by +21 and +1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported wool grease and fatty substances in Asia, comprising 57% of total imports. The second position in the ranking was held by India ($X), with a 19% share of total imports. It was followed by Thailand, with a 4.1% share.

In Japan, wool grease imports contracted by an average annual rate of -2.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+12.3% per year) and Thailand (-4.4% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, picking up by 19% against the previous year. Overall, the import price, however, showed a pronounced descent. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for wool grease and fatty substances in Asia?
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The countries with the highest volumes of consumption in 2021 were Japan, China and India, with a combined 70% share of total consumption.
What are the largest producers of wool grease and fatty substances in Asia?
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China constituted the country with the largest volume of wool grease production, accounting for 90% of total volume. Moreover, wool grease production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), more than tenfold.
What are the leading suppliers of wool grease and fatty substances in Asia?
+
In value terms, China remains the largest wool grease supplier in Asia, comprising 70% of total exports. The second position in the ranking was held by Japan, with a 22% share of total exports.
What are the leading importers of wool grease and fatty substances in Asia?
+
In value terms, Japan constitutes the largest market for imported wool grease and fatty substances in Asia, comprising 57% of total imports. The second position in the ranking was taken by India, with a 19% share of total imports. It was followed by Thailand, with a 4.1% share.
What is the average export price for wool grease and fatty substances in Asia?
+
The export price in Asia stood at $6,748 per ton in 2021, picking up by 34% against the previous year.
What is the average import price for wool grease and fatty substances in Asia?
+
In 2021, the import price in Asia amounted to $5,493 per ton, picking up by 19% against the previous year.

This report provides an in-depth analysis of the wool grease market in Asia. 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:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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