Norway: Greasy Wool Market Overview 2021

Greasy Wool Market Size in Norway

In 2019, the Norwegian greasy wool market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Greasy wool consumption peaked at $X in 2009; however, from 2010 to 2019, consumption failed to regain the momentum.

Greasy Wool Exports

Exports from Norway

Greasy wool exports from Norway contracted dramatically to X kg in 2019, shrinking by -X% compared with the previous year's figure. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X kg in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, greasy wool exports reduced sharply to $X in 2019. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2009; however, from 2010 to 2019, exports failed to regain the momentum.

Exports by Country

The Netherlands (X kg) was the main destination for greasy wool exports from Norway, with a X% share of total exports. Moreover, greasy wool exports to the Netherlands exceeded the volume sent to the second major destination, Denmark (X kg), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

In value terms, the largest markets for greasy wool exported from Norway were the Netherlands ($X) and Denmark ($X), with a combined X% share of total exports.

Among the main countries of destination, the Netherlands saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average greasy wool export price stood at $X per tonne in 2019, growing by X% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. The export price peaked at $X per tonne in 2010; however, from 2011 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per tonne), while the average price for exports to the Netherlands stood at $X per tonne.

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

Greasy Wool Imports

Imports into Norway

In 2019, supplies from abroad of greasy wool increased by X% to X tonnes, rising for the second consecutive year after three years of decline. In general, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2009 when imports increased by X% year-to-year. As a result, imports attained the peak of X tonnes. From 2010 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, greasy wool imports skyrocketed to $X in 2019. Overall, imports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2009; however, from 2010 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, the UK (X tonnes) constituted the largest supplier of greasy wool to Norway, accounting for a X% share of total imports. Moreover, greasy wool imports from the UK exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), eightfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Germany (-X% per year).

In value terms, the UK ($X) constituted the largest supplier of greasy wool to Norway, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from the UK totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Germany (-X% per year).

Import Prices by Country

In 2019, the average greasy wool import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of greasy wool consumption in 2019 were Australia (4.2K tonnes), Japan (3.4K tonnes) and Germany (3.2K tonnes), together accounting for 40% of global consumption. These countries were followed by China, New Zealand, the U.S., Canada, the UK, the Netherlands, Brazil, France, Argentina and Uruguay, which together accounted for a further 40%.

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

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China (14K tonnes) remains the largest greasy wool producing country worldwide, comprising approx. 50% of total volume. Moreover, greasy wool production in China exceeded the figures recorded by the second-largest producer, Australia (5.1K tonnes), threefold. The third position in this ranking was occupied by New Zealand (3.2K tonnes), with a 11% share.

What are the leading suppliers of greasy wool to Norway?

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In value terms, the UK ($124K) constituted the largest supplier of greasy wool to Norway, comprising 84% of total imports. The second position in the ranking was occupied by Belgium ($8.7K), with a 5.9% share of total imports.

What are the leading importers of greasy wool from Norway?

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In value terms, the largest markets for greasy wool exported from Norway were the Netherlands ($72) and Denmark ($60), together accounting for 99% of total exports.

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

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The average greasy wool export price stood at $12,460 per tonne in 2019, growing by 23% against the previous year.

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

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The average greasy wool import price stood at $8,824 per tonne in 2019, waning by -27.9% against the previous year.