Latest Report Update: Dec 29, 2021

China - Wool Grease and Fatty Substances - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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China: Wool Grease Market Overview 2021

Wool Grease Market Size in China

The Chinese wool grease market dropped rapidly to $X in 2020, reducing by -X% against the previous year. Overall, consumption faced a deep downturn. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Wool Grease Production in China

In value terms, wool grease production stood at $X in 2020 estimated in export prices. Over the period under review, production showed a slight curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

Wool Grease Exports

Exports from China

In 2020, wool grease exports from China rose remarkably to X tonnes, with an increase of X% compared with the previous year's figure. in general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

In value terms, wool grease exports expanded sharply to $X in 2020. Overall, exports posted buoyant growth. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The UK (X tonnes), Japan (X tonnes) and Belgium (X tonnes) were the main destinations of wool grease exports from China, with a combined X% share of total exports. Germany, the U.S. and India lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Germany, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wool grease exported from China were the UK ($X), Japan ($X) and Germany ($X), together accounting for X% of total exports.

Among the main countries of destination, Germany recorded the highest rates of growth with regard to 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

The average wool grease export price stood at $X per tonne in 2020, growing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2012 an increase of X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. in 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to India ($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 the U.S., while the prices for the other major destinations experienced a decline.

Wool Grease Imports

Imports into China

In 2020, after three years of growth, there was significant decline in overseas purchases of wool grease and fatty substances, when their volume decreased by -X% to X tonnes. in general, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2019, and then contracted significantly in the following year.

In value terms, wool grease imports declined remarkably to $X in 2020. Over the period under review, imports, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2013 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2014 to 2020, the growth imports remained at a lower figure.

Imports by Country

Uruguay (X tonnes), Australia (X tonnes) and Singapore (X tonnes) were the main suppliers of wool grease imports to China, with a combined X% share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia, while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of wool grease to China, comprising X% of total imports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Japan (+X% per year).

Import Prices by Country

The average wool grease import price stood at $X per tonne in 2020, surging by X% against the previous year. in general, the import price, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while the price for Uruguay ($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 mixed trend patterns.

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), together accounting for 37% 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?
+
The country with the largest volume of wool grease production was China (14K tonnes), 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. The third position in this ranking was occupied by New Zealand (3.2K tonnes), with a 11% share.
What are the leading suppliers of wool grease and fatty substances to China?
+
In value terms, Australia ($175K) constituted the largest supplier of wool grease to China, comprising 50% of total imports. The second position in the ranking was occupied by Uruguay ($74K), with a 21% share of total imports. It was followed by Japan, with a 17% share.
What are the leading importers of wool grease and fatty substances from China?
+
In value terms, the UK ($12M), Japan ($9.6M) and Germany ($4.9M) appeared to be the largest markets for wool grease exported from China worldwide, with a combined 62% share of total exports.
What is the average export price for wool grease and fatty substances in China?
+
In 2020, the average wool grease export price amounted to $3,992 per tonne, surging by 3.3% against the previous year.
What is the average import price for wool grease and fatty substances in China?
+
The average wool grease import price stood at $2,968 per tonne in 2020, growing by 7.7% 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 China. 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:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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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