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Portugal - Wool - Market Analysis, Forecast, Size, Trends And Insights
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Portugal: Wool Market Overview 2021

Wool Market Size in Portugal

The Portuguese wool market skyrocketed to $X in 2020, increasing by X% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2019 to 2020, the growth of the market remained at a lower figure.

Wool Production in Portugal

In value terms, wool production stood at $X in 2020 estimated in export prices. Over the period under review, production saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Wool Exports

Exports from Portugal

For the fifth consecutive year, Portugal recorded decline in shipments abroad of wool, which decreased by -X% to X tonnes in 2020. Overall, exports saw a abrupt descent. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, wool exports dropped notably to $X in 2020. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Spain (X tonnes) was the main destination for wool exports from Portugal, accounting for a X% share of total exports. It was followed by Turkey (X tonnes), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Spain stood at -X%.

In value terms, Spain ($X) remains the key foreign market for wool exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Spain stood at -X%.

Export Prices by Country

The average wool export price stood at $X per tonne in 2020, flattening at the previous year. In general, export price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wool export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to Turkey totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain.

Wool Imports

Imports into Portugal

Wool imports into Portugal fell significantly to X tonnes in 2020, which is down by -X% against the previous year. Over the period under review, imports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2011 to 2020, the growth imports failed to regain the momentum.

In value terms, wool imports shrank sharply to $X in 2020. In general, imports showed a noticeable descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

New Zealand (X tonnes), Turkey (X tonnes) and Spain (X tonnes) were the main suppliers of wool imports to Portugal, with a combined X% share of total imports. These countries were followed by the UK, China, Syrian Arab Republic and Uruguay, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uruguay, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wool suppliers to Portugal were New Zealand ($X), Turkey ($X) and the UK ($X), with a combined X% share of total imports. Spain, Uruguay, China and Syrian Arab Republic lagged somewhat behind, together comprising a further X recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average wool import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Uruguay ($X per tonne), while the price for Syrian Arab Republic ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Uruguay, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool in the world?
+
The countries with the highest volumes of wool consumption in 2020 were China (58K tonnes), India (44K tonnes) and the U.S. (44K tonnes), with a combined 33% share of global consumption. Russia, Brazil, Pakistan, Germany, the UK, Ethiopia, Lithuania, Denmark, Italy and South Korea lagged somewhat behind, together accounting for a further 27%.
What are the largest producers of wool in the world?
+
The countries with the highest volumes of wool production in 2020 were New Zealand (60K tonnes), the U.S. (42K tonnes) and Australia (29K tonnes), with a combined 29% share of global production. These countries were followed by China, Pakistan, Brazil, Russia, Kazakhstan, Syrian Arab Republic, Turkey, Germany, the UK and Ethiopia, which together accounted for a further 34%.
What are the leading suppliers of wool to Portugal?
+
In value terms, New Zealand ($1.7M), Turkey ($877K) and the UK ($708K) constituted the largest wool suppliers to Portugal, with a combined 75% share of total imports. Spain, Uruguay, China and Syrian Arab Republic lagged somewhat behind, together accounting for a further 18%.
What are the leading importers of wool from Portugal?
+
In value terms, Spain ($1.9M) remains the key foreign market for wool exports from Portugal, comprising 98% of total exports. The second position in the ranking was occupied by Turkey ($23K), with a 1.2% share of total exports.
What is the average export price for wool in Portugal?
+
The average wool export price stood at $2,069 per tonne in 2020, remaining constant against the previous year.
What is the average import price for wool in Portugal?
+
The average wool import price stood at $2,043 per tonne in 2020, dropping by -12.2% against the previous year.

Product coverage:
• Prodcom 13102200 - Wool, degreased or carbonised, not carded or combed

This report provides an in-depth analysis of the wool market in Portugal. 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 2025.


Country coverage:
• Portugal

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Portugal
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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