EU: Wool Grease Market Overview 2021

Wool Grease Market Size in the EU

In 2020, the EU wool grease market decreased by -X% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Wool Grease Production in the EU

In value terms, wool grease production expanded modestly to $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. from 2018 to 2020, production growth failed to regain the momentum.

Production by Country in the EU

The countries with the highest volumes of wool grease production in 2020 were Italy (X tonnes), the Czech Republic (X tonnes) and Bulgaria (X tonnes), with a combined X% share of total production.

From 2007 to 2020, the most notable rate of growth in terms of wool grease production, amongst the leading producing countries, was attained by the Czech Republic, while wool grease production for the other leaders experienced a decline in the production figures.

Wool Grease Exports

Exports in the EU

In 2020, shipments abroad of wool grease and fatty substances decreased by -X% to X tonnes, falling for the third consecutive year after two years of growth. in general, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, wool grease exports skyrocketed to $X in 2020. Total exports indicated a tangible expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, Belgium (X tonnes), the Netherlands (X tonnes), the Czech Republic (X tonnes) and Germany (X tonnes) represented the largest exporter of wool grease and fatty substances in the European Union, mixing up X% of total export. Italy (X tonnes) ranks next in terms of the total exports with a X% share, followed by Bulgaria (X%).

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest wool grease supplying countries in the European Union were Belgium ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total exports.

The Netherlands recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the wool grease export price in the European Union amounted to $X per tonne, rising by X% against the previous year. Export price indicated prominent growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of export peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was the Netherlands ($X per tonne), while Bulgaria ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Wool Grease Imports

Imports in the EU

In 2020, purchases abroad of wool grease and fatty substances decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. from 2012 to 2020, the growth imports remained at a lower figure.

In value terms, wool grease imports reduced to $X in 2020. Over the period under review, imports continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X tonnes) represented the largest importer of wool grease and fatty substances, comprising X% of total imports. Belgium (X tonnes) held the second position in the ranking, followed by the Netherlands (X tonnes), Italy (X tonnes) and France (X tonnes). All these countries together occupied near X% share of total imports. The following importers - Spain (X tonnes) and Ireland (X tonnes) - together made up X% of total imports.

From 2007 to 2020, average annual rates of growth with regard to wool grease imports into Germany stood at +X%. at the same time, the Netherlands (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2007-2020. Ireland experienced a relatively flat trend pattern. by contrast, Italy (-X%), Belgium (-X%), Spain (-X%) and France (-X%) illustrated a downward trend over the same period. Germany (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the total imports, while Spain, France and Belgium saw its share reduced by -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported wool grease and fatty substances in the European Union, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

In Germany, wool grease imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Belgium (+X% per year).

Import Prices by Country

In 2020, the wool grease import price in the European Union amounted to $X per tonne, approximately reflecting the previous year. Import price indicated a perceptible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wool grease import price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2012 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was France ($X per tonne), while Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform