Mexico: Greasy Wool Market 2024

Greasy Wool Market Size in Mexico

The Mexican greasy wool market stood at $X in 2022, rising by X% against the previous year. Over the period under review, consumption continues to indicate a mild decline. Greasy wool consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Greasy Wool Production in Mexico

In value terms, greasy wool production stood at $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Greasy Wool Exports

Exports from Mexico

In 2022, the amount of greasy wool exported from Mexico skyrocketed to X tons, with an increase of X% compared with the previous year. Overall, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, greasy wool exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belgium (X tons), the United States (X tons) and Peru (X tons) were the main destinations of greasy wool exports from Mexico, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for greasy wool exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the average greasy wool export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, showed a noticeable descent. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Greasy Wool Imports

Imports into Mexico

Greasy wool imports into Mexico dropped to X tons in 2022, remaining relatively unchanged against 2021. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, greasy wool imports stood at $X in 2022. Over the period under review, imports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Australia (X tons) and Peru (X tons) were the main suppliers of greasy wool imports to Mexico, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest greasy wool suppliers to Mexico were Australia ($X), the United States ($X) and Peru ($X), together comprising X% of total imports.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average greasy wool import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, greasy wool import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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