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Australia - Wool Grease And Fatty Substances - Market Analysis, Forecast, Size, Trends and Insights
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Australia: Wool Grease Market Overview 2021

Wool Grease Market Size in Australia

The Australian wool grease market soared to $X in 2020, increasing by X% against the previous year. In general, consumption saw a significant expansion. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the near future.

Wool Grease Production in Australia

In value terms, wool grease production rose sharply to $X in 2020 estimated in export prices. Overall, the total production indicated a strong increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% year-to-year. Wool grease production peaked at $X in 2013; however, from 2014 to 2020, production remained at a lower figure.

Wool Grease Exports

Exports from Australia

In 2020, wool grease exports from Australia fell rapidly to X tonnes, declining by -X% against 2019. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, wool grease exports shrank markedly to $X in 2020. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Japan (X tonnes) was the main destination for wool grease exports from Australia, accounting for a X% share of total exports. Moreover, wool grease exports to Japan exceeded the volume sent to the second major destination, Belgium (X tonnes), fourfold. The UK (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Japan stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and the UK (-X% per year).

In value terms, Japan ($X) remains the key foreign market for wool grease exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Japan stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Belgium (-X% per year).

Export Prices by Country

The average wool grease export price stood at $X per tonne in 2020, increasing by X% against the previous year. Overall, the export price recorded prominent growth. The growth pace was the most rapid in 2009 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Thailand ($X per tonne), while the average price for exports to Japan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

Wool Grease Imports

Imports into Australia

In 2020, purchases abroad of wool grease and fatty substances increased by X% to X tonnes, rising for the third consecutive year after four years of decline. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, wool grease imports skyrocketed to $X in 2020. In general, imports saw pronounced growth. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest wool grease supplier to Australia, accounting for a X% share of total imports. Moreover, wool grease imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), threefold. India (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and India (+X% per year).

In value terms, the largest wool grease suppliers to Australia were China ($X), Japan ($X) and the UK ($X), with a combined X% share of total imports.

In terms of the main suppliers, Japan (+X% per year) saw the highest growth rate of 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

In 2020, the average wool grease import price amounted to $X per tonne, jumping by X% against the previous year. Overall, import price indicated perceptible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while the price for Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool grease and fatty substances in the world?
+
The countries with the highest volumes of wool grease consumption in 2020 were Australia (4.3K tonnes), Germany (3.3K tonnes) and Japan (3K tonnes), with a combined 37% share of global consumption. These countries were followed by China, Italy, New Zealand, Canada, the U.S., Argentina, India, Brazil, the Czech Republic and France, which together accounted for a further 43%.
What are the largest producers of wool grease and fatty substances in the world?
+
China (14K tonnes) remains the largest wool grease producing country worldwide, comprising approx. 48% of total volume. Moreover, wool grease production in China exceeded the figures recorded by the second-largest producer, Australia (4.6K tonnes), threefold. New Zealand (3.2K tonnes) ranked third in terms of total production with a 11% share.
What are the leading suppliers of wool grease and fatty substances to Australia?
+
In value terms, the largest wool grease suppliers to Australia were China ($991K), Japan ($498K) and the UK ($441K), with a combined 84% share of total imports.
What are the leading importers of wool grease and fatty substances from Australia?
+
In value terms, Japan ($865K) remains the key foreign market for wool grease exports from Australia, comprising 29% of total exports. The second position in the ranking was occupied by Thailand ($304K), with a 10% share of total exports. It was followed by Belgium, with a 8.1% share.
What is the average export price for wool grease and fatty substances in Australia?
+
In 2020, the average wool grease export price amounted to $4,623 per tonne, surging by 12% against the previous year.
What is the average import price for wool grease and fatty substances in Australia?
+
In 2020, the average wool grease import price amounted to $7,998 per tonne, with an increase of 17% against the previous year.

Product coverage:
• Prodcom 13101000 - Wool grease and fatty substances derived therefrom, i ncluding lanolin

This report provides an in-depth analysis of the wool grease market in Australia. 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 2025.


Country coverage:
• Australia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• 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
GLOSSARY AND SPECIFIC TERMS
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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

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
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020
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