Poland: Greasy Wool Market Overview 2021

Greasy Wool Market Size in Poland

After four years of decline, the Polish greasy wool market increased by X% to $X in 2019. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Greasy wool consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Greasy Wool Exports

Exports from Poland

In 2019, overseas shipments of greasy wool decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. Overall, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

In value terms, greasy wool exports soared to $X in 2019. Over the period under review, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

Russia (X tonnes) was the main destination for greasy wool exports from Poland, accounting for a X% share of total exports. Moreover, greasy wool exports to Russia exceeded the volume sent to the second major destination, Hungary (X kg), tenfold. The third position in this ranking was occupied by Lithuania (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Lithuania (+X% per year).

In value terms, Russia ($X) remains the key foreign market for greasy wool exports from Poland, comprising X% of total exports. The second position in the ranking was occupied by Hungary ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Lithuania (+X% per year).

Export Prices by Country

The average greasy wool export price stood at $X per tonne in 2019, surging by X% against the previous year. Overall, the export price saw a remarkable increase. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Hungary ($X per tonne), while the average price for exports to Moldova ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Armenia, while the prices for the other major destinations experienced more modest paces of growth.

Greasy Wool Imports

Imports into Poland

In 2019, supplies from abroad of greasy wool increased by X% to X tonnes for the first time since 2015, thus ending a three-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2012 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, greasy wool imports totaled $X in 2019. Overall, total imports indicated moderate growth from 2007 to 2019: its value 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. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

The UK (X tonnes), Belgium (X tonnes) and the Czech Republic (X tonnes) were the main suppliers of greasy wool imports to Poland, together comprising X% of total imports. These countries were followed by Germany, China and Japan, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Belgium ($X) and the Czech Republic ($X) were the largest greasy wool suppliers to Poland, with a combined X% share of total imports.

The Czech Republic (+X% per year) saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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. Over the period under review, import price indicated modest growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, greasy wool import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2012 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Japan ($X per tonne), while the price for the UK ($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 Czech Republic (+X% per year), 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), together accounting for 40% of global consumption. China, New Zealand, the U.S., Canada, the UK, the Netherlands, Brazil, France, Argentina and Uruguay lagged somewhat behind, together comprising 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 Poland?

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In value terms, the largest greasy wool suppliers to Poland were the UK ($884K), Belgium ($657K) and the Czech Republic ($462K), with a combined 85% share of total imports.

What are the leading importers of greasy wool from Poland?

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In value terms, Russia ($74K) remains the key foreign market for greasy wool exports from Poland, comprising 67% of total exports. The second position in the ranking was occupied by Hungary ($16K), with a 15% share of total exports. It was followed by Lithuania, with a 4.9% share.

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

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In 2019, the average greasy wool export price amounted to $12,479 per tonne, rising by 62% against the previous year.

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

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In 2019, the average greasy wool import price amounted to $9,583 per tonne, reducing by -4.5% against the previous year.