Germany: Wool Market 2024

Wool Market Size in Germany

The German wool market shrank slightly to $X in 2022, stabilizing at the previous year. In general, consumption faced a deep reduction. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. Wool consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Wool Production in Germany

In value terms, wool production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Wool Exports

Exports from Germany

In 2022, shipments abroad of wool increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, wool exports stood at $X in 2022. Over the period under review, exports, however, showed a mild downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for wool exports from Germany, accounting for a X% share of total exports. Moreover, wool exports to Italy exceeded the volume sent to the second major destination, Hungary (X tons), twofold. Austria (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Austria (X% per year).

In value terms, Italy ($X) remains the key foreign market for wool exports from Germany, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the average wool export price amounted to $X per ton, falling by X% against the previous year. Overall, export price indicated a slight expansion 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 export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wool Imports

Imports into Germany

In 2022, purchases abroad of wool increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, saw a mild contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, wool imports rose remarkably to $X in 2022. Overall, imports, however, continue to indicate a noticeable shrinkage. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

New Zealand (X tons), Australia (X tons) and France (X tons) were the main suppliers of wool imports to Germany, together accounting for X% of total imports. Belgium, the UK, Turkey, Greece, Bulgaria, Uruguay, Spain, Argentina, China and South Africa lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and France ($X) were the largest wool suppliers to Germany, together accounting for X% of total imports. Belgium, the UK, Uruguay, Turkey, Bulgaria, Argentina, China, Spain, Greece and South Africa lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average wool import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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