Peru: Greasy Wool Market Overview 2021

Greasy Wool Market Size in Peru

The Peruvian greasy wool market declined to $X in 2019, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a pronounced contraction. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Greasy wool consumption peaked at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Greasy Wool Exports

Exports from Peru

In 2019, approx. X kg of greasy wool were exported from Peru; with an increase of X% compared with 2018. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, exports attained the peak of X tonnes. From 2018 to 2019, the growth exports failed to regain the momentum.

In value terms, greasy wool exports expanded modestly to $X in 2019. In general, exports showed a perceptible increase. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Uruguay (X kg) was the main destination for greasy wool exports from Peru, with a X% share of total exports. Moreover, greasy wool exports to Uruguay exceeded the volume sent to the second major destination, Bolivia (X kg), sixfold.

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

In value terms, Uruguay ($X) emerged as the key foreign market for greasy wool exports from Peru, comprising X% of total exports. The second position in the ranking was occupied by Bolivia ($X), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of value to Uruguay was relatively modest.

Export Prices by Country

In 2019, the average greasy wool export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price, however, posted perceptible growth. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2019, the country with the highest price was Bolivia ($X per tonne), while the average price for exports to Uruguay amounted to $X per tonne.

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

Greasy Wool Imports

Imports into Peru

In 2019, approx. X tonnes of greasy wool were imported into Peru; falling by -X% compared with 2018. Overall, imports saw a deep contraction. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, greasy wool imports declined to $X in 2019. Over the period under review, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Uruguay (X tonnes) constituted the largest supplier of greasy wool to Peru, with a X% share of total imports. Moreover, greasy wool imports from Uruguay exceeded the figures recorded by the second-largest supplier, China (X tonnes), fivefold.

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

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

From 2007 to 2019, the average annual growth rate of value from Uruguay stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and China (+X% per year).

Import Prices by Country

In 2019, the average greasy wool import price amounted to $X per tonne, growing by X% against the previous year. In general, import price indicated a noticeable expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, greasy wool import price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the UK ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Uruguay, while the prices for the other major suppliers experienced more modest paces of growth.

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), with a combined 40% share 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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The country with the largest volume of greasy wool production was China (14K tonnes), 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 Peru?

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In value terms, Uruguay ($118K) constituted the largest supplier of greasy wool to Peru, comprising 72% of total imports. The second position in the ranking was occupied by the UK ($25K), with a 15% share of total imports.

What are the leading importers of greasy wool from Peru?

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In value terms, Uruguay ($3.9K) emerged as the key foreign market for greasy wool exports from Peru, comprising 85% of total exports. The second position in the ranking was occupied by Bolivia ($701), with a 15% share of total exports.

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

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The average greasy wool export price stood at $11,798 per tonne in 2019, waning by -6.1% against the previous year.

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

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The average greasy wool import price stood at $8,543 per tonne in 2019, rising by 10% against the previous year.