Japan: Wool Grease Market 2022

Wool Grease Market Size in Japan

The Japanese wool grease market surged to $X in 2021, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a perceptible decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wool Grease Exports

Exports from Japan

After two years of decline, overseas shipments of wool grease and fatty substances increased by X% to X tons in 2021. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, wool grease exports surged to $X in 2021. In general, exports, however, saw a noticeable contraction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for wool grease exports from Japan, accounting for a X% share of total exports. Moreover, wool grease exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and the UK (-X% per year).

In value terms, Germany ($X), the United States ($X) and the UK ($X) were the largest markets for wool grease exported from Japan worldwide, together comprising X% of total exports.

Among the main countries of destination, Germany, with a CAGR of +X%, saw the highest rates of growth with regard to 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

In 2021, the average wool grease export price amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Wool Grease Imports

Imports into Japan

After two years of decline, purchases abroad of wool grease and fatty substances increased by X% to X tons in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, wool grease imports soared to $X in 2021. In general, imports, however, showed a perceptible downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of wool grease to Japan, with a X% share of total imports. Moreover, wool grease imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), fivefold. The third position in this ranking was taken by Australia (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and Australia (-X% per year).

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

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average wool grease import price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the import price, however, recorded a mild descent. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, 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 a decline.

Source: IndexBox Market Intelligence Platform

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