Report Update Apr 1, 2024

Philippines - Wool Grease and Fatty Substances - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Wool Grease Market 2024

Wool Grease Market Size in the Philippines

The Philippine wool grease market fell notably to $X in 2022, reducing by 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). In general, consumption continues to indicate a sharp curtailment. Wool grease consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wool Grease Exports

Exports from the Philippines

In 2022, the amount of wool grease and fatty substances exported from the Philippines stood at X kg, remaining constant against 2021 figures. In general, exports showed a abrupt decrease. The smallest decline of X% was in 2013. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, wool grease exports stood at $X in 2022. Overall, exports continue to indicate a abrupt decline. The smallest decline of X% was in 2013. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X kg) was the main destination for wool grease exports from the Philippines, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia was relatively modest.

Export Prices by Country

In 2022, the average wool grease export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price showed mild growth. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to X% per year.

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Wool Grease Imports

Imports into the Philippines

For the third year in a row, the Philippines recorded decline in supplies from abroad of wool grease and fatty substances, which decreased by X% to X tons in 2022. In general, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wool grease imports surged to $X in 2022. Overall, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), Italy (X tons) and Japan (X tons) were the main suppliers of wool grease imports to the Philippines, together comprising X% of total imports. The UK, Singapore, the United States and Uruguay lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X), Japan ($X) and India ($X) appeared to be the largest wool grease suppliers to the Philippines, with a combined X% share of total imports. The UK, the United States, Italy and Uruguay lagged somewhat behind, together comprising a further X%.

Uruguay, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wool grease import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool grease and fatty substances in the world?

The countries with the highest volumes of consumption in 2022 were Australia, New Zealand and Germany, with a combined 35% share of global consumption. Japan, the UK, China, the United States, the Czech Republic, Italy, Singapore, Uruguay, Argentina and Bulgaria lagged somewhat behind, together accounting for a further 43%.

What are the largest producers of wool grease and fatty substances in the world?

China constituted the country with the largest volume of wool grease production, comprising approx. 37% of total volume. Moreover, wool grease production in China exceeded the figures recorded by the second-largest producer, Australia, twofold. The third position in this ranking was held by New Zealand, with an 11% share.

What are the leading suppliers of wool grease and fatty substances to the Philippines?

In value terms, Singapore, Japan and India were the largest wool grease suppliers to the Philippines, together accounting for 70% of total imports. The UK, the United States, Italy and Uruguay lagged somewhat behind, together comprising a further 24%.

What is the average export price for wool grease and fatty substances in the Philippines?

In 2022, the average wool grease export price amounted to $11,862 per ton, stabilizing at the previous year.

What is the average import price for wool grease and fatty substances in the Philippines?

In 2022, the average wool grease import price amounted to $15,450 per ton, rising by 42% against the previous year.

This report provides an in-depth analysis of the wool grease market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 994 - Wool Grease and Lanolin

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023