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Kuwait - Wool Grease - Market Analysis, Forecast, Size, Trends and Insights
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Kuwait: Wool Grease Market Overview 2021

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Wool Grease Market Size in Kuwait

The Kuwaiti wool grease market skyrocketed to $X in 2019, increasing by X% against the previous year. Overall, consumption enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2015 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2016 to 2019, the growth of the market remained at a somewhat lower figure.

Wool Grease Production in Kuwait

In value terms, wool grease production fell to $X in 2019 estimated in export prices. Overall, production saw a perceptible decline. The pace of growth was the most pronounced in 2012 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2019, production remained at a lower figure.

The average yield of wool grease in Kuwait stood at X kg per head in 2019, almost unchanged from the previous year. Overall, the yield showed a relatively flat trend pattern.

In 2019, number of animals slaughtered for wool grease production in Kuwait stood at X head, remaining constant against the year before. Over the period under review, the number of producing animals showed a relatively flat trend pattern.

Wool Grease Exports

Exports from Kuwait

After three years of decline, overseas shipments of wool grease decreased by -X% to X tonnes in 2019. Over the period under review, exports, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, wool grease exports soared to $X in 2019. In general, exports, however, recorded a mild contraction. The growth pace was the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Saudi Arabia (X tonnes) was the main destination for wool grease exports from Kuwait, with a X% share of total exports. Moreover, wool grease exports to Saudi Arabia exceeded the volume sent to the second major destination, India (X tonnes), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Saudi Arabia stood at +X%.

In value terms, India ($X) and Saudi Arabia ($X) constituted the largest markets for wool grease exported from Kuwait worldwide.

Saudi Arabia recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average wool grease export price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The export price peaked at $X per tonne in 2011; however, from 2012 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 India ($X per tonne), while the average price for exports to Saudi Arabia totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to India.

Wool Grease Imports

Imports into Kuwait

In 2019, purchases abroad of wool grease increased by X% to X tonnes, rising for the second consecutive year after two years of decline. Over the period under review, imports saw measured growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% y-o-y. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, wool grease imports soared to $X in 2019. In general, imports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in years to come.

Imports by Country

In 2019, Saudi Arabia (X tonnes) was the main supplier of wool grease to Kuwait, with a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Saudi Arabia stood at +X%.

In value terms, Saudi Arabia ($X) constituted the largest supplier of wool grease to Kuwait.

From 2007 to 2019, the average annual rate of growth in terms of value from Saudi Arabia stood at +X%.

Import Prices by Country

The average wool grease import price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for Saudi Arabia amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool grease in the world?
+
The countries with the highest volumes of wool grease consumption in 2019 were Australia (803K tonnes), China (688K tonnes) and South Africa (208K tonnes), together accounting for 58% of global consumption.
What are the largest producers of wool grease in the world?
+
Australia (1.2M tonnes) constituted the country with the largest volume of wool grease production, comprising approx. 36% of total volume. Moreover, wool grease production in Australia exceeded the figures recorded by the second-largest producer, South Africa (572K tonnes), twofold. The third position in this ranking was occupied by China (422K tonnes), with a 12% share.
What are the leading suppliers of wool grease to Kuwait?
+
In value terms, Saudi Arabia ($907K) constituted the largest supplier of wool grease to Kuwait.
What are the leading importers of wool grease from Kuwait?
+
In value terms, the largest markets for wool grease exported from Kuwait were India ($224K) and Saudi Arabia ($171K).
What is the average export price for wool grease in Kuwait?
+
The average wool grease export price stood at $505 per tonne in 2019, jumping by 53% against the previous year.
What is the average import price for wool grease in Kuwait?
+
In 2019, the average wool grease import price amounted to $870 per tonne, dropping by -8.6% against the previous year.

Product coverage:
• FCL 987 - Wool, Greasy

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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Producing Animals Slaughtered, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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