France: Wool Grease Market Overview 2021

Wool Grease Market Size in France

The French wool grease market contracted slightly to $X in 2019, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a slight increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.

Wool Grease Production in France

In value terms, wool grease production contracted to $X in 2019 estimated in export prices. Overall, production showed a slight descent. The growth pace was the most rapid in 2010 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2011 to 2019, production growth remained at a lower figure.

The average yield of wool grease in France was estimated at X kg per head in 2019, remaining relatively unchanged against the previous year. In general, the yield showed a relatively flat trend pattern.

In 2019, approx. X head of animals slaughtered for wool grease production in France; therefore, remained relatively stable against the previous year's figure. In general, the number of producing animals continues to indicate a relatively flat trend pattern.

Wool Grease Exports

Exports from France

In 2019, overseas shipments of wool grease increased by X% to X tonnes, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, wool grease exports reduced to $X in 2019. In general, exports, however, saw a perceptible reduction. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

China (X tonnes) was the main destination for wool grease exports from France, accounting for a X% share of total exports. Moreover, wool grease exports to China exceeded the volume sent to the second major destination, the UK (X tonnes), fourfold. The third position in this ranking was occupied by Belgium (X tonnes), with a X% share.

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

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

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

Export Prices by Country

The average wool grease export price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the export price saw a slight contraction. The pace of growth was the most pronounced in 2010 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Germany ($X per tonne), while the average price for exports to the UK ($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 Germany, while the prices for the other major destinations experienced a decline.

Wool Grease Imports

Imports into France

In 2019, supplies from abroad of wool grease increased by X% to X tonnes, rising for the second consecutive year after three years of decline. In general, imports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2009; however, from 2010 to 2019, imports failed to regain the momentum.

In value terms, wool grease imports soared to $X in 2019. Over the period under review, imports, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2018 when imports increased by X% y-o-y. Imports peaked at $X in 2009; however, from 2010 to 2019, imports remained at a lower figure.

Imports by Country

Tunisia (X tonnes), Morocco (X tonnes) and Spain (X tonnes) were the main suppliers of wool grease imports to France, with a combined X% share of total imports. New Zealand lagged somewhat behind, comprising a further X 2007 to 2019, the biggest increases were in New Zealand (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wool grease suppliers to France were Tunisia ($X), Morocco ($X) and New Zealand ($X), with a combined X% share of total imports.

Among the main suppliers, New Zealand (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wool grease import price stood at $X per tonne in 2019, shrinking by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. The import price peaked at $X per tonne in 2017; however, from 2018 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 New Zealand ($X per tonne), while the price for Morocco ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand, 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 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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The country with the largest volume of wool grease production was Australia (1.2M tonnes), 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 France?

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In value terms, the largest wool grease suppliers to France were Tunisia ($679K), Morocco ($643K) and New Zealand ($469K), together accounting for 78% of total imports.

What are the leading importers of wool grease from France?

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In value terms, China ($7.7M) remains the key foreign market for wool grease exports from France, comprising 68% of total exports. The second position in the ranking was occupied by the UK ($1.8M), with a 16% share of total exports. It was followed by Belgium, with a 3.8% share.

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

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The average wool grease export price stood at $1,480 per tonne in 2019, reducing by -9.1% against the previous year.

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

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In 2019, the average wool grease import price amounted to $1,454 per tonne, falling by -23.3% against the previous year.