Report Update Apr 1, 2024

Malaysia - Greasy Wool - Market Analysis, Forecast, Size, Trends and Insights

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Malaysia: Greasy Wool Market 2024

Greasy Wool Market Size in Malaysia

In 2022, after three years of decline, there was significant growth in the Malaysian greasy wool market, when its value increased by X% to $X. In general, consumption enjoyed buoyant growth. Greasy wool consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Greasy Wool Production in Malaysia

In value terms, greasy wool production reached $X in 2022 estimated in export price. Over the period under review, production showed strong growth. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Greasy wool production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Greasy Wool Exports

Exports from Malaysia

In 2022, shipments abroad of greasy wool decreased by X% to X kg for the first time since 2016, thus ending a five-year rising trend. In general, exports showed a precipitous setback. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, greasy wool exports shrank markedly to $X in 2022. Overall, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

Taiwan (Chinese) (X kg) was the main destination for greasy wool exports from Malaysia, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) was relatively modest.

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for greasy wool exports from Malaysia.

From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) was relatively modest.

Export Prices by Country

In 2022, the average greasy wool export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price posted significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

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

Greasy Wool Imports

Imports into Malaysia

For the fourth consecutive year, Malaysia recorded decline in overseas purchases of greasy wool, which decreased by X% to X tons in 2022. In general, imports saw a precipitous setback. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, greasy wool imports reduced sharply to $X in 2022. Over the period under review, imports faced a sharp reduction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X tons) was the main supplier of greasy wool to Malaysia, with a X% share of total imports. Moreover, greasy wool imports from the UK exceeded the figures recorded by the second-largest supplier, France (X kg), more than tenfold. The third position in this ranking was held by Australia (X kg), with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and China (X% per year).

Import Prices by Country

The average greasy wool import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price showed a deep reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of greasy wool consumption was China, comprising approx. 31% of total volume. Moreover, greasy wool consumption in China exceeded the figures recorded by the second-largest consumer, New Zealand, fivefold. The third position in this ranking was taken by Turkey, with a 4.8% share.

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

The countries with the highest volumes of production in 2022 were China, Australia and New Zealand, together comprising 42% of global production. Turkey, the UK, Sudan, Morocco, Iran, Russia, Pakistan, South Africa, Turkmenistan and Kazakhstan lagged somewhat behind, together accounting for a further 28%.

What are the leading suppliers of greasy wool to Malaysia?

In value terms, the UK constituted the largest supplier of greasy wool to Malaysia, comprising 75% of total imports. The second position in the ranking was taken by Australia, with a 7.8% share of total imports. It was followed by China, with a 7.2% share.

What are the leading importers of greasy wool from Malaysia?

In value terms, Taiwan Chinese) emerged as the key foreign market for greasy wool exports from Malaysia.

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

The average greasy wool export price stood at $35,503 per ton in 2022, with an increase of 791% against the previous year.

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

The average greasy wool import price stood at $4,650 per ton in 2022, dropping by -23.2% against the previous year.

This report provides an in-depth analysis of the greasy wool market in Malaysia. 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 987 - Wool, Greasy

Country coverage:

Malaysia

Data coverage:

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

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

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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