Egypt: Wool Grease Market Overview 2021

Wool Grease Market Size in Egypt

The Egyptian wool grease market surged to $X in 2020, rising by X% against the previous year. Overall, consumption enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. from 2018 to 2020, the growth of the market remained at a somewhat lower figure.

Wool Grease Production in Egypt

In value terms, wool grease production shrank notably to $X in 2020 estimated in export prices. In general, production, however, recorded prominent growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. Wool grease production peaked at $X in 2019, and then fell notably in the following year.

Wool Grease Exports

Exports from Egypt

In 2020, overseas shipments of wool grease and fatty substances decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2019, and then dropped sharply in the following year.

In value terms, wool grease exports shrank dramatically to $X in 2020. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2014 to 2020, the growth exports remained at a lower figure.

Exports by Country

Japan (X tonnes) was the main destination for wool grease exports from Egypt, 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), fivefold.

From 2007 to 2020, the average annual growth rate of volume to Japan totaled +X%.

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

From 2007 to 2020, the average annual growth rate of value to Japan totaled +X%.

Export Prices by Country

The average wool grease export price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2020, 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 Japan amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium.

Wool Grease Imports

Imports into Egypt

After two years of growth, supplies from abroad of wool grease and fatty substances decreased by -X% to X tonnes in 2020. Over the period under review, imports showed a pronounced curtailment. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports stood at a somewhat lower figure.

In value terms, wool grease imports shrank sharply to $X in 2020. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

Brazil (X tonnes), Belgium (X tonnes) and the Netherlands (X tonnes) were the main suppliers of wool grease imports to Egypt, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Brazil (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wool grease suppliers to Egypt were Brazil ($X), Belgium ($X) and the Netherlands ($X), with a combined X% share 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

In 2020, the average wool grease import price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the import price, however, showed a noticeable increase. The pace of growth was the most pronounced in 2012 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from India ($X per tonne) and the Netherlands ($X per tonne), while the price for Italy ($X per tonne) and Belgium ($X per tonne) were amongst the lowest.

From 2007 to 2020, 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 Platform