Italy: Wool Grease Market 2024

Wool Grease Market Size in Italy

The Italian wool grease market contracted to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, saw a noticeable expansion. Wool grease consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Wool Grease Production in Italy

In value terms, wool grease production soared to $X in 2022 estimated in export price. In general, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Wool grease production peaked in 2022 and is likely to see gradual growth in the near future.

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Wool Grease Exports

Exports from Italy

In 2022, approx. X tons of wool grease and fatty substances were exported from Italy; picking up by X% compared with 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wool grease exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the UK (X tons) and Belgium (X tons) were the main destinations of wool grease exports from Italy, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wool grease exported from Italy were Germany ($X), the UK ($X) and Belgium ($X), with a combined X% share of total exports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average wool grease export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, saw a mild reduction. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and Germany ($X per ton), while the average price for exports to Japan ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

Wool Grease Imports

Imports into Italy

In 2022, after two years of growth, there was significant decline in purchases abroad of wool grease and fatty substances, when their volume decreased by X% to X tons. Overall, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, wool grease imports amounted to $X in 2022. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of wool grease imports to Italy, with a combined X% share of total imports. The Netherlands lagged somewhat behind, 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 the Netherlands (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest wool grease suppliers to Italy were Belgium ($X), the UK ($X) and Germany ($X), together comprising X% of total imports. These countries were followed by the Netherlands, which accounted for a further X%.

Among the main suppliers, the Netherlands, 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

The average wool grease import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, import price indicated a noticeable 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 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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