Germany: Wool Market Overview 2020

Wool Market Size in Germany

The revenue of the wool market in Germany amounted to $X in 2018, going down by -X% against the previous year. Over the period under review, wool consumption continues to indicate an abrupt decrease. The pace of growth appeared the most rapid in 2014 when the market value increased by X% year-to-year. Over the period under review, the wool market reached its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Wool Production in Germany

In value terms, wool production amounted to $X in 2018 estimated in export prices. In general, wool production continues to indicate an abrupt setback. The most prominent rate of growth was recorded in 2017 when production volume increased by X% y-o-y. Over the period under review, wool production reached its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Wool Exports

Exports from Germany

In 2018, the wool exports from Germany totaled X tonnes, growing by X% against the previous year. In general, wool exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, wool exports stood at $X in 2018. Over the period under review, wool exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Russia (X tonnes), Belgium (X tonnes) and Austria (X tonnes) were the main destinations of wool exports from Germany, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Russia, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wool exported from Germany were Italy ($X), Moldova ($X) and Austria ($X), with a combined X% share of total exports.

Moldova recorded the highest growth rate of exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wool export price stood at $X per tonne in 2018, rising by X% against the previous year. In general, the export price indicated a temperate expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wool export price increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Moldova ($X per tonne), while the average price for exports to Russia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to India, while the prices for the other major destinations experienced more modest paces of growth.

Wool Imports

Imports into Germany

In 2018, the amount of wool imported into Germany stood at X tonnes, rising by X% against the previous year. Overall, wool imports, however, continue to indicate a slight setback. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, wool imports amounted to $X in 2018. Overall, wool imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. In that year, wool imports attained their peak of $X. From 2012 to 2018, the growth of wool imports failed to regain its momentum.

Imports by Country

New Zealand (X tonnes), Belgium (X tonnes) and Australia (X tonnes) were the main suppliers of wool imports to Germany, with a combined X% share of total imports. These countries were followed by France, China, South Africa, Switzerland, Egypt, the UK, Uruguay, Turkey and Italy, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Switzerland, while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Australia ($X) and Belgium ($X) constituted the largest wool suppliers to Germany, together comprising X% of total imports. China, South Africa, France, the UK, Uruguay, Italy, Egypt, Switzerland and Turkey lagged somewhat behind, together accounting for a further X experienced the highest growth rate of imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wool import price stood at $X per tonne in 2018, dropping by -X% against the previous year. Over the period under review, the import price indicated slight growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, wool import price decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for wool reached their maximum at $X per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Australia ($X per tonne), while the price for Switzerland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Uruguay, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform