Germany: Wool Market Overview 2021

Wool Market Size in Germany

In 2020, after three years of growth, there was significant decline in the German wool market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2019, and then fell remarkably in the following year.

Wool Production in Germany

In value terms, wool production reduced to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level at $X in 2019, and then reduced in the following year.

Wool Exports

Exports from Germany

Wool exports from Germany skyrocketed to X tonnes in 2020, with an increase of X% compared with 2019 figures. In general, exports, however, saw a abrupt slump. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, wool exports rose slightly to $X in 2020. Overall, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Austria (X tonnes), Italy (X tonnes) and Belgium (X tonnes) were the main destinations of wool exports from Germany, together accounting for X% of total exports. Hungary, Poland, the Czech Republic, France, Canada, Lithuania, Turkey, Bulgaria and Portugal lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Italy ($X) and the Czech Republic ($X) appeared to be the largest markets for wool exported from Germany worldwide, together comprising X% of total exports. These countries were followed by France, Poland, Hungary, Turkey, Portugal, Belgium, Lithuania, Canada and Bulgaria, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average wool export price amounted to $X per tonne, which is down by -X% against the previous year. In general, the export price, however, showed a slight expansion. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. The export price peaked at $X per tonne in 2019, and then fell rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was France ($X per tonne), while the average price for exports to Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Wool Imports

Imports into Germany

In 2020, purchases abroad of wool decreased by -X% to X tonnes, falling for the sixth year in a row after two years of growth. Overall, imports showed a perceptible decline. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, wool imports shrank notably to $X in 2020. Over the period under review, imports recorded a perceptible setback. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, New Zealand (X tonnes) constituted the largest supplier of wool to Germany, with a X% share of total imports. Moreover, wool imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), threefold. The third position in this ranking was occupied by Belgium (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from New Zealand totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Belgium (-X% per year).

In value terms, Australia ($X), New Zealand ($X) and South Africa ($X) appeared to be the largest wool suppliers to Germany, together comprising X% of total imports. The UK, Belgium, France, China, Bulgaria, Switzerland, Turkey, Spain, Greece and Austria lagged somewhat behind, together comprising a further X the main suppliers, Switzerland recorded the highest rates of growth with regard to 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

In 2020, the average wool import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool in the world?

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The countries with the highest volumes of wool consumption in 2020 were China (58K tonnes), India (44K tonnes) and the U.S. (44K tonnes), together comprising 33% of global consumption. Russia, Brazil, Pakistan, Germany, the UK, Ethiopia, Lithuania, Denmark, Italy and South Korea lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of wool in the world?

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The countries with the highest volumes of wool production in 2020 were New Zealand (60K tonnes), the U.S. (42K tonnes) and Australia (29K tonnes), with a combined 29% share of global production. China, Pakistan, Brazil, Russia, Kazakhstan, Syrian Arab Republic, Turkey, Germany, the UK and Ethiopia lagged somewhat behind, together comprising a further 34%.

What are the leading suppliers of wool to Germany?

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In value terms, Australia ($5.1M), New Zealand ($4.5M) and South Africa ($2M) appeared to be the largest wool suppliers to Germany, together accounting for 58% of total imports. These countries were followed by the UK, Belgium, France, China, Bulgaria, Switzerland, Turkey, Spain, Greece and Austria, which together accounted for a further 35%.

What are the leading importers of wool from Germany?

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In value terms, the largest markets for wool exported from Germany were Austria ($1.9M), Italy ($1.6M) and the Czech Republic ($733K), with a combined 48% share of total exports. These countries were followed by France, Poland, Hungary, Turkey, Portugal, Belgium, Lithuania, Canada and Bulgaria, which together accounted for a further 38%.

What is the average export price for wool in Germany?

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In 2020, the average wool export price amounted to $4,994 per tonne, with a decrease of -19.7% against the previous year.

What is the average import price for wool in Germany?

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In 2020, the average wool import price amounted to $3,603 per tonne, declining by -13.6% against the previous year.