Italy: Greasy Wool Market 2024

Greasy Wool Market Size in Italy

In 2022, the Italian greasy wool market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Greasy Wool Production in Italy

In value terms, greasy wool production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. Greasy wool production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Greasy Wool Exports

Exports from Italy

In 2022, the amount of greasy wool exported from Italy fell to X tons, with a decrease of X% compared with 2021. Overall, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, greasy wool exports dropped modestly to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for greasy wool exports from Italy, accounting for a X% share of total exports. Moreover, greasy wool exports to India exceeded the volume sent to the second major destination, China (X tons), sixfold.

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

In value terms, India ($X) remains the key foreign market for greasy wool exports from Italy, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average greasy wool export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, recorded a abrupt downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the UK ($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 India (X%), while the prices for the other major destinations experienced a decline.

Greasy Wool Imports

Imports into Italy

In 2022, overseas purchases of greasy wool increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a pronounced decline. 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 hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, greasy wool imports surged to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of greasy wool to Italy, accounting for a X% share of total imports. Moreover, greasy wool imports from Australia exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fivefold. The third position in this ranking was taken by New Zealand (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and New Zealand (X% per year).

In value terms, Australia ($X) constituted the largest supplier of greasy wool to Italy, comprising X% of total imports. The second position in the ranking was held by South Africa ($X), with an X% share of total imports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and New Zealand (X% per year).

Import Prices by Country

In 2022, the average greasy wool import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a notable 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, greasy wool import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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