Pakistan: Wool Grease Market 2024

Wool Grease Market Size in Pakistan

In 2022, the Pakistani wool grease market increased by X% to $X, rising for the second consecutive year after four years of decline. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Wool Grease Exports

Exports from Pakistan

In 2022, overseas shipments of wool grease and fatty substances decreased by X% to X kg, falling for the second year in a row after two years of decline. In general, exports faced a deep slump. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, wool grease exports amounted to $X in 2022. Over the period under review, exports showed a dramatic setback. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X kg) was the main destination for wool grease exports from Pakistan, with a X% share of total exports. Moreover, wool grease exports to Afghanistan exceeded the volume sent to the second major destination, Greece (X kg), sevenfold.

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

In value terms, Afghanistan ($X) and Greece ($X) constituted the largest markets for wool grease exported from Pakistan worldwide.

Greece, with a CAGR of X%, saw 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 ton in 2022, leveling off at the previous year. Over the period under review, the export price saw a dramatic downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Afghanistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

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Wool Grease Imports

Imports into Pakistan

In 2022, approx. X tons of wool grease and fatty substances were imported into Pakistan; waning by X% on the previous year. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wool grease imports shrank to $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of wool grease to Pakistan, accounting for a X% share of total imports. Moreover, wool grease imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. The third position in this ranking was held by Uruguay (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of wool grease and fatty substances to Pakistan, comprising X% of total imports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

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

Import Prices by Country

The average wool grease import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 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 Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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