Egypt: Greasy Wool Market Overview 2021

Greasy Wool Market Size in Egypt

For the ninth year in a row, the Egyptian greasy wool market recorded growth in sales value, which increased by X% to $X in 2018. Overall, consumption recorded measured growth. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Greasy wool consumption peaked at $X in 2009; however, from 2010 to 2018, consumption remained at a lower figure.

Greasy Wool Production in Egypt

In value terms, greasy wool production rose to $X in 2019 estimated in export prices. Overall, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

The average yield of greasy wool in Egypt amounted to X kg per head in 2019, remaining relatively unchanged against 2018 figures. Overall, the yield showed a relatively flat trend pattern.

In 2019, approx. X head of animals slaughtered for greasy wool production in Egypt; approximately equating the previous year's figure. In general, the number of producing animals recorded a relatively flat trend pattern.

Greasy Wool Exports

Exports from Egypt

In 2019, exports of greasy wool from Egypt rose sharply to X tonnes, growing by X% compared with the previous year. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

In value terms, greasy wool exports rose notably to $X in 2019. Overall, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

Japan (X tonnes) was the main destination for greasy wool exports from Egypt, with a X% share of total exports. Moreover, greasy wool exports to Japan exceeded the volume sent to the second major destination, the Netherlands (X tonnes), threefold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value to Japan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average greasy wool export price stood at $X per tonne in 2019, waning by -X% against the previous year. Overall, the export price, however, enjoyed a slight expansion. The pace of growth was the most pronounced in 2009 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced a decline.

Greasy Wool Imports

Imports into Egypt

In 2019, overseas purchases of greasy wool increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Over the period under review, imports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.

In value terms, greasy wool imports skyrocketed to $X in 2019. Overall, imports saw a strong increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

Germany (X tonnes), the UK (X tonnes) and Brazil (X tonnes) were the main suppliers of greasy wool imports to Egypt, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), France ($X) and India ($X) appeared to be the largest greasy wool suppliers to Egypt, together comprising X% of total imports.

Brazil (+X% per year) recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average greasy wool import price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Over the period under review, the import price, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for greasy wool in the world?

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The countries with the highest volumes of greasy wool consumption in 2019 were Australia (4.2K tonnes), Japan (3.4K tonnes) and Germany (3.2K tonnes), together accounting for 40% of global consumption. China, New Zealand, the U.S., Canada, the UK, the Netherlands, Brazil, France, Argentina and Uruguay lagged somewhat behind, together accounting for a further 40%.

What are the largest producers of greasy wool in the world?

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China (14K tonnes) remains the largest greasy wool producing country worldwide, comprising approx. 50% of total volume. Moreover, greasy wool production in China exceeded the figures recorded by the second-largest producer, Australia (5.1K tonnes), threefold. New Zealand (3.2K tonnes) ranked third in terms of total production with a 11% share.

What are the leading suppliers of greasy wool to Egypt?

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In value terms, Brazil ($86K), France ($83K) and India ($78K) were the largest greasy wool suppliers to Egypt, together comprising 42% of total imports.

What are the leading importers of greasy wool from Egypt?

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In value terms, Japan ($776K) remains the key foreign market for greasy wool exports from Egypt, comprising 77% of total exports. The second position in the ranking was occupied by Belgium ($175K), with a 17% share of total exports.

What is the average export price for greasy wool in Egypt?

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The average greasy wool export price stood at $3,058 per tonne in 2019, falling by -2.7% against the previous year.

What is the average import price for greasy wool in Egypt?

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The average greasy wool import price stood at $6,463 per tonne in 2019, declining by -18.6% against the previous year.