Peru: Wool Grease Market 2022

Wool Grease Market Size in Peru

In 2021, the Peruvian wool grease market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a abrupt setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Wool Grease Exports

Exports from Peru

In 2021, overseas shipments of wool grease and fatty substances increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, wool grease exports soared to $X in 2021. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for wool grease exports from Peru, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at +X%.

In value terms, Bolivia ($X) also remains the key foreign market for wool grease exports from Peru.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled +X%.

Export Prices by Country

In 2021, the average wool grease export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, showed a pronounced curtailment. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2021, the rate of growth in terms of prices for Bolivia amounted to -X% per year.

Wool Grease Imports

Imports into Peru

In 2021, after two years of decline, there was significant growth in supplies from abroad of wool grease and fatty substances, when their volume increased by X% to X tons. In general, imports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, wool grease imports soared to $X in 2021. Over the period under review, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Uruguay (X tons) constituted the largest supplier of wool grease to Peru, accounting for a X% share of total imports. Moreover, wool grease imports from Uruguay exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Uruguay stood at -X%. 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 ($X) constituted the largest supplier of wool grease to Peru, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Uruguay amounted to -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

The average wool grease import price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the import price, however, showed a slight contraction. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform