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Ireland - Wool - Market Analysis, Forecast, Size, Trends And Insights
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Ireland: Wool Market Overview 2021

Wool Market Size in Ireland

In 2020, the Irish wool market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption continues to indicate a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wool Production in Ireland

In value terms, wool production declined to $X in 2020 estimated in export prices. Over the period under review, production, however, showed resilient growth. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. As a result, production reached the peak level of $X. From 2016 to 2020, production growth failed to regain the momentum.

Wool Exports

Exports from Ireland

In 2020, overseas shipments of wool decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Exports peaked at X tonnes in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, wool exports declined significantly to $X in 2020. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Exports peaked at $X in 2019, and then dropped rapidly in the following year.

Exports by Country

The UK (X tonnes) was the main destination for wool exports from Ireland, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK totaled -X%.

In value terms, the UK ($X) also remains the key foreign market for wool exports from Ireland.

From 2007 to 2020, the average annual growth rate of value to the UK totaled -X%.

Export Prices by Country

In 2020, the average wool export price amounted to $X per tonne, surging by X% against the previous year. Overall, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2007 to 2020, the rate of growth in terms of prices for the UK amounted to +X% per year.

Wool Imports

Imports into Ireland

In 2020, approx. X tonnes of wool were imported into Ireland; with a decrease of -X% compared with 2019 figures. In general, imports, however, showed measured growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, wool imports shrank remarkably to $X in 2020. Over the period under review, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Australia (X tonnes) constituted the largest supplier of wool to Ireland, with a X% share of total imports. Moreover, wool imports from Australia exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), ninefold.

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

In value terms, Australia ($X) constituted the largest supplier of wool to Ireland, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports.

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

Import Prices by Country

The average wool import price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, the import price posted a prominent increase. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2013 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool in the world?
+
The countries with the highest volumes of wool consumption in 2020 were China (58K tonnes), India (44K tonnes) and the U.S. (44K tonnes), with a combined 33% share of global consumption. Russia, Brazil, Pakistan, Germany, the UK, Ethiopia, Lithuania, Denmark, Italy and South Korea lagged somewhat behind, together comprising a further 27%.
What are the largest producers of wool in the world?
+
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), together accounting for 29% of global production. China, Pakistan, Brazil, Russia, Kazakhstan, Syrian Arab Republic, Turkey, Germany, the UK and Ethiopia lagged somewhat behind, together accounting for a further 34%.
What are the leading suppliers of wool to Ireland?
+
In value terms, Australia ($1.3M) constituted the largest supplier of wool to Ireland, comprising 93% of total imports. The second position in the ranking was occupied by the UK ($61K), with a 4.5% share of total imports.
What are the leading importers of wool from Ireland?
+
In value terms, the UK ($1.5M) remains the key foreign market for wool exports from Ireland.
What is the average export price for wool in Ireland?
+
The average wool export price stood at $3,115 per tonne in 2020, surging by 8.4% against the previous year.
What is the average import price for wool in Ireland?
+
The average wool import price stood at $9,446 per tonne in 2020, surging by 3.1% against the previous year.

Product coverage:
• Prodcom 13102200 - Wool, degreased or carbonised, not carded or combed

This report provides an in-depth analysis of the wool 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.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ireland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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