CIS: Greasy Wool Market 2024

Greasy Wool Market Size in CIS

The CIS greasy wool market contracted slightly to $X in 2022, flattening at the previous year. Over the period under review, consumption, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Greasy Wool Production in CIS

In value terms, greasy wool production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Greasy Wool Exports

Exports in CIS

In 2022, exports of greasy wool in the CIS dropped notably to X tons, falling by X% against the previous year's figure. In general, exports faced a deep reduction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, greasy wool exports fell remarkably to $X in 2022. Over the period under review, exports saw a significant curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of greasy wool, namely Kazakhstan, Uzbekistan and Tajikistan, represented more than two-thirds of total export. It was distantly followed by Kyrgyzstan (X tons), Moldova (X tons) and Russia (X tons), together achieving a X% share of total exports. Armenia (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kyrgyzstan ($X) emerged as the largest greasy wool supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Tajikistan ($X), with an X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Kyrgyzstan stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Tajikistan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a abrupt contraction. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

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

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

Greasy Wool Imports

Imports in CIS

In 2022, greasy wool imports in the CIS fell remarkably to X tons, shrinking by X% compared with 2021 figures. In general, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, greasy wool imports reduced dramatically to $X in 2022. Over the period under review, imports recorded a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Moldova (X tons) represented the major importer of greasy wool, creating X% of total imports. Kazakhstan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Russia (X%) and Kyrgyzstan (X%).

From 2012 to 2022, average annual rates of growth with regard to greasy wool imports into Moldova stood at X%. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) and Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Moldova, Kazakhstan, Kyrgyzstan and Russia increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Moldova ($X) constitutes the largest market for imported greasy wool in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

In Moldova, greasy wool imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Russia (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, falling by X% against the previous year. Overall, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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