Japan: Greasy Wool Market Overview 2021

Greasy Wool Market Size in Japan

In 2019, the Japanese greasy wool market increased by X% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a noticeable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Greasy wool consumption peaked at $X in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.

Greasy Wool Exports

Exports from Japan

After two years of growth, overseas shipments of greasy wool decreased by -X% to X tonnes in 2019. In general, total exports indicated notable growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2018, and then contracted rapidly in the following year.

In value terms, greasy wool exports reduced to $X in 2019. Overall, exports, however, recorded a measured expansion. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes) was the main destination for greasy wool exports from Japan, accounting for a X% share of total exports. Moreover, greasy wool exports to Germany exceeded the volume sent to the second major destination, the U.S. (X tonnes), threefold. The third position in this ranking was occupied by the UK (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the U.S. (-X% per year) and the UK (+X% per year).

In value terms, Germany ($X), the U.S. ($X) and the UK ($X) appeared to be the largest markets for greasy wool exported from Japan worldwide, with a combined X% share of total exports.

Among the main countries of destination, Germany recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average greasy wool export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per tonne), while the average price for exports to Germany ($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 Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Greasy Wool Imports

Imports into Japan

After two years of growth, overseas purchases of greasy wool decreased by -X% to X tonnes in 2019. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2015 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, greasy wool imports contracted to $X in 2019. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of greasy wool to Japan, with a X% share of total imports. Moreover, greasy wool imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), fourfold. The third position in this ranking was occupied by New Zealand (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and New Zealand (+X% per year).

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

From 2007 to 2019, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and New Zealand (+X% per year).

Import Prices by Country

In 2019, the average greasy wool import price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2012 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for greasy wool in the world?

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The countries with the highest volumes of greasy wool consumption in 2019 were Australia (4.2K tonnes), Japan (3.4K tonnes) and Germany (3.2K tonnes), with a combined 40% share of global consumption. China, New Zealand, the U.S., Canada, the UK, the Netherlands, Brazil, France, Argentina and Uruguay lagged somewhat behind, together comprising a further 40%.

What are the largest producers of greasy wool in the world?

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China (14K tonnes) remains the largest greasy wool producing country worldwide, accounting for 50% of total volume. Moreover, greasy wool production in China exceeded the figures recorded by the second-largest producer, Australia (5.1K tonnes), threefold. The third position in this ranking was occupied by New Zealand (3.2K tonnes), with a 11% share.

What are the leading suppliers of greasy wool to Japan?

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In value terms, China ($9.2M) constituted the largest supplier of greasy wool to Japan, comprising 51% of total imports. The second position in the ranking was occupied by Australia ($2.4M), with a 13% share of total imports. It was followed by New Zealand, with a 12% share.

What are the leading importers of greasy wool from Japan?

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In value terms, the largest markets for greasy wool exported from Japan were Germany ($9.7M), the U.S. ($6.7M) and the UK ($2.5M), together accounting for 85% of total exports.

What is the average export price for greasy wool in Japan?

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In 2019, the average greasy wool export price amounted to $11,667 per tonne, increasing by 13% against the previous year.

What is the average import price for greasy wool in Japan?

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In 2019, the average greasy wool import price amounted to $3,471 per tonne, reducing by -3.3% against the previous year.