
Ireland - Wool Grease - Market Analysis, Forecast, Size, Trends and Insights
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Ireland: Wool Grease Market Overview 2021
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Wool Grease Market Size in Ireland
The Irish wool grease market totaled $X in 2019, with an increase of X% against the previous year. In general, consumption continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2015 to 2019, the growth of the market remained at a somewhat lower figure.
Wool Grease Production in Ireland
In value terms, wool grease production contracted to $X in 2019 estimated in export prices. In general, production showed a noticeable slump. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Wool grease production peaked at $X in 2014; however, from 2015 to 2019, production stood at a somewhat lower figure.
In 2019, the average wool grease yield in Ireland stood at X kg per head, approximately mirroring the year before. Overall, the yield showed a relatively flat trend pattern.
In 2019, approx. X head of animals slaughtered for wool grease production in Ireland; stabilizing at the previous year's figure. Over the period under review, the number of producing animals saw a relatively flat trend pattern.
Wool Grease Exports
Exports from Ireland
In 2019, approx. X tonnes of wool grease were exported from Ireland; falling by -X% on 2018. In general, exports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports remained at a lower figure.
In value terms, wool grease exports dropped significantly to $X in 2019. Overall, exports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2012 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.
Exports by Country
The UK (X tonnes) was the main destination for wool grease exports from Ireland, accounting for a X% share of total exports. Moreover, wool grease exports to the UK exceeded the volume sent to the second major destination, China (X tonnes), fivefold.
From 2007 to 2019, the average annual growth rate of volume to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Belgium (+X% per year).
In value terms, the UK ($X) remains the key foreign market for wool grease exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.
From 2007 to 2019, the average annual growth rate of value to the UK totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-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, declining by -X% against the previous year. Over the period under review, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Belgium ($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 China, while the prices for the other major destinations experienced a decline.
Wool Grease Imports
Imports into Ireland
In 2019, approx. X tonnes of wool grease were imported into Ireland; declining by -X% on the year before. In general, imports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2014 to 2019, the growth imports remained at a somewhat lower figure.
In value terms, wool grease imports reduced to $X in 2019. Overall, imports posted a perceptible increase. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.
Imports by Country
In 2019, the UK (X tonnes) was the main supplier of wool grease to Ireland, with a approx. X% share of total imports.
From 2007 to 2019, the average annual rate of growth in terms of volume from the UK amounted to -X%.
In value terms, the UK ($X) constituted the largest supplier of wool grease to Ireland.
From 2007 to 2019, the average annual rate of growth in terms of value from the UK stood at +X%.
Import Prices by Country
In 2019, the average wool grease import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the import price continues to indicate a measured increase. The growth pace was the most rapid in 2010 an increase of X% y-o-y. The import price peaked in 2019 and is likely to see steady growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From 2007 to 2019, the rate of growth in terms of prices for the UK amounted to +X% per year.
Source: IndexBox AI Platform
Frequently Asked Questions (FAQ) :
What are the largest markets for wool grease in the world?+
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?+
Australia (1.2M tonnes) constituted the country with the largest volume of wool grease production, 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 Ireland?+
In value terms, the UK ($1.7M) constituted the largest supplier of wool grease to Ireland.
What are the leading importers of wool grease from Ireland?+
In value terms, the UK ($4.5M) remains the key foreign market for wool grease exports from Ireland, comprising 74% of total exports. The second position in the ranking was occupied by China ($1.2M), with a 20% share of total exports.
What is the average export price for wool grease in Ireland?+
In 2019, the average wool grease export price amounted to $1,075 per tonne, falling by -13.8% against the previous year.
What is the average import price for wool grease in Ireland?+
In 2019, the average wool grease import price amounted to $2,135 per tonne, growing by 9.9% against the previous year.
This report provides an in-depth analysis of the wool grease market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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