Report Update Apr 1, 2024

Kuwait - Wool Grease and Fatty Substances - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Wool Grease Market 2024

Wool Grease Market Size in Kuwait

The Kuwaiti wool grease market contracted notably to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption showed a deep reduction. Wool grease consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Wool Grease Production in Kuwait

In value terms, wool grease production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Wool Grease Exports

Exports from Kuwait

In 2022, the amount of wool grease and fatty substances exported from Kuwait expanded remarkably to X tons, surging by X% against the year before. In general, exports showed a significant expansion. The pace of growth appeared the most rapid 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 reduced slightly to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped modestly in the following year.

Exports by Country

Qatar (X tons) was the main destination for wool grease exports from Kuwait, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to X%.

In value terms, Qatar ($X) also remains the key foreign market for wool grease and fatty substances exports from Kuwait.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to X%.

Export Prices by Country

In 2022, the average wool grease export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to X% per year.

Wool Grease Imports

Imports into Kuwait

In 2022, the amount of wool grease and fatty substances imported into Kuwait shrank notably to X tons, declining by X% against the year before. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, wool grease imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the main supplier of wool grease to Kuwait, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India stood at X%.

In value terms, India ($X) constituted the largest supplier of wool grease and fatty substances to Kuwait.

From 2012 to 2022, the average annual growth rate of value from India stood at X%.

Import Prices by Country

In 2022, the average wool grease import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per ton in 2021, and then dropped significantly in the following year.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool grease and fatty substances in the world?

The countries with the highest volumes of consumption in 2022 were Australia, New Zealand and Germany, together accounting for 35% of global consumption. Japan, the UK, China, the United States, the Czech Republic, Italy, Singapore, Uruguay, Argentina and Bulgaria lagged somewhat behind, together accounting for a further 43%.

What are the largest producers of wool grease and fatty substances in the world?

China remains the largest wool grease producing country worldwide, accounting for 37% of total volume. Moreover, wool grease production in China exceeded the figures recorded by the second-largest producer, Australia, twofold. The third position in this ranking was taken by New Zealand, with an 11% share.

What are the leading suppliers of wool grease and fatty substances to Kuwait?

In value terms, India constituted the largest supplier of wool grease and fatty substances to Kuwait.

What are the leading importers of wool grease and fatty substances from Kuwait?

In value terms, Qatar remains the key foreign market for wool grease and fatty substances exports from Kuwait.

What is the average export price for wool grease and fatty substances in Kuwait?

In 2022, the average wool grease export price amounted to $3,420 per ton, which is down by -8.3% against the previous year.

What is the average import price for wool grease and fatty substances in Kuwait?

In 2022, the average wool grease import price amounted to $3,003 per ton, which is down by -75% against the previous year.

This report provides an in-depth analysis of the wool grease market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 994 - Wool Grease and Lanolin

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023