South-Eastern Asia: Wool Grease Market 2024

Wool Grease Market Size in South-Eastern Asia

The Southeast Asian wool grease market soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a slight reduction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Wool Grease Production in South-Eastern Asia

In value terms, wool grease production rose notably to $X in 2022 estimated in export price. In general, production enjoyed a significant increase. The growth pace was the most rapid in 2013 when the production volume increased by X,233%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Wool Grease Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of wool grease and fatty substances decreased by X% to X tons, falling for the seventh consecutive year after four years of growth. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, wool grease exports surged to $X in 2022. Over the period under review, exports showed a sharp reduction. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Malaysia (X tons), making up a X% share of total exports. Singapore (X tons) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the wool grease and fatty substances exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a deep slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Wool Grease Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of wool grease and fatty substances increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, faced a abrupt setback. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wool grease imports surged to $X in 2022. Overall, imports, however, faced a abrupt setback. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Thailand was the major importer of wool grease and fatty substances in South-Eastern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%) and Malaysia (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Thailand ($X) constitutes the largest market for imported wool grease and fatty substances in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw a measured expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Vietnam ($X per ton) and Thailand ($X per ton), while Indonesia ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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