Egypt: Wool Grease Market Overview 2021

Wool Grease Market Size in Egypt

The Egyptian wool grease market surged to $X in 2019, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wool Grease Production in Egypt

In value terms, wool grease production surged to $X in 2019 estimated in export prices. In general, production showed a slight descent. Wool grease production peaked at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

In 2019, the average yield of wool grease in Egypt was estimated at X kg per head, standing approx. at 2018. Overall, the yield saw a relatively flat trend pattern.

In 2019, approx. X head of animals slaughtered for wool grease production in Egypt; standing approx. at the previous year. Overall, the number of producing animals showed a relatively flat trend pattern.

Wool Grease Exports

Exports from Egypt

In 2019, exports of wool grease from Egypt soared to X tonnes, jumping by X% on 2018 figures. Over the period under review, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, wool grease exports surged to $X in 2019. In general, exports recorded a buoyant expansion. Over the period under review, exports reached the maximum at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

India (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 India exceeded the volume sent to the second major destination, Mauritius (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume to India stood at +X%.

In value terms, Mauritius ($X) and India ($X) were the largest markets for wool grease exported from Egypt worldwide.

Mauritius (+X% per year) saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2019, the average wool grease export price amounted to $X per tonne, growing by X% against the previous year. Overall, export price indicated a moderate expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Mauritius ($X per tonne), while the average price for exports to India totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius.

Wool Grease Imports

Imports into Egypt

In 2019, after three years of growth, there was significant decline in overseas purchases of wool grease, when their volume decreased by -X% to X tonnes. Over the period under review, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Imports peaked at X tonnes in 2018, and then reduced in the following year.

In value terms, wool grease imports declined sharply to $X in 2019. In general, total imports indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2018, and then contracted sharply in the following year.

Imports by Country

In 2019, Australia (X tonnes) constituted the largest supplier of wool grease to Egypt, with a X% share of total imports. Moreover, wool grease imports from Australia exceeded the figures recorded by the second-largest supplier, Argentina (X tonnes), twofold. The U.S. (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Australia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and the U.S. (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value from Australia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average wool grease import price stood at $X per tonne in 2019, declining by -X% against the previous year. Overall, the import price saw a noticeable descent. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of wool grease consumption in 2019 were Australia (803K tonnes), China (688K tonnes) and South Africa (208K tonnes), with a combined 58% share of global consumption.

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

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Australia (1.2M tonnes) constituted the country with the largest volume of wool grease production, comprising approx. 36% of total volume. Moreover, wool grease production in Australia exceeded the figures recorded by the second-largest producer, South Africa (572K tonnes), twofold. China (422K tonnes) ranked third in terms of total production with a 12% share.

What are the leading suppliers of wool grease to Egypt?

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In value terms, Australia ($21M) constituted the largest supplier of wool grease to Egypt, comprising 42% of total imports. The second position in the ranking was occupied by Argentina ($7.7M), with a 16% share of total imports. It was followed by the U.S., with a 8.5% share.

What are the leading importers of wool grease from Egypt?

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In value terms, Mauritius ($443K) and India ($430K) were the largest markets for wool grease exported from Egypt worldwide.

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

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The average wool grease export price stood at $1,220 per tonne in 2019, growing by 72% against the previous year.

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

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In 2019, the average wool grease import price amounted to $7,258 per tonne, with a decrease of -12% against the previous year.