Europe: Wool Grease Market 2024

Wool Grease Market Size in Europe

For the third year in a row, the Europe wool grease market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Wool Grease Production in Europe

In value terms, wool grease production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a tangible increase. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Wool Grease Exports

Exports in Europe

In 2022, overseas shipments of wool grease and fatty substances increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, wool grease exports soared to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, the UK (X tons) represented the major exporter of wool grease and fatty substances, achieving X% of total exports. Belgium (X tons) ranks second in terms of the total exports with an X% share, followed by Germany (X%), the Czech Republic (X%) and Italy (X%). The following exporters - Bulgaria (X tons) and the Netherlands (X tons) - together made up X% of total exports.

Exports from the UK decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bulgaria (X%), Germany (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Belgium (X%) and the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, the Czech Republic and Bulgaria increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($X) remains the largest wool grease supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

In the UK, wool grease exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Wool Grease Imports

Imports in Europe

In 2022, supplies from abroad of wool grease and fatty substances increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wool grease imports surged to $X in 2022. In general, imports, however, saw a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons) and the UK (X tons) were the key importers of wool grease and fatty substances in 2022, resulting at near X% and X% of total imports, respectively. Belgium (X tons) ranks next in terms of the total imports with a X% share, followed by the Netherlands (X%). Italy (X tons), France (X tons) and Russia (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Germany ($X), the UK ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wool grease import price increased by X% against 2018 indices. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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