Israel: Wool Grease Market 2024

Wool Grease Market Size in Israel

In 2022, the Israeli wool grease market increased by X% to $X, rising for the third year in a row after four years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. Wool grease consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Wool Grease Exports

Exports from Israel

In 2022, approx. X tons of wool grease and fatty substances were exported from Israel; with a decrease of X% against the previous year. Over the period under review, exports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, wool grease exports declined significantly to $X in 2022. Overall, exports continue to indicate a mild slump. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for wool grease exports from Israel, accounting for a X% share of total exports. Moreover, wool grease exports to the United States exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was held by Australia (X tons), with an X% share.

From 2013 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Australia (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for wool grease and fatty substances exports from Israel, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2013 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Australia (X% per year).

Export Prices by Country

The average wool grease export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2013 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.

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Wool Grease Imports

Imports into Israel

Wool grease imports into Israel contracted remarkably to X tons in 2022, with a decrease of X% against 2021 figures. In general, total imports indicated a modest increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, wool grease imports expanded slightly to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of wool grease imports to Israel, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Japan ($X) constituted the largest wool grease suppliers to Israel, with a combined X% share of total imports.

Among the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of 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 2022, the average wool grease import price amounted to $X per ton, picking up by X% against the previous year. Overall, import 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 grease import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 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 remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per ton) and Belgium ($X per ton), while the price for the United States ($X per ton) and Canada ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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