Spain: Greasy Wool Market Overview 2021

Greasy Wool Market Size in Spain

In 2019, the Spanish greasy wool market increased by X% to $X for the first time since 2016, thus ending a two-year declining trend. In general, consumption, however, showed a perceptible descent. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market failed to regain the momentum.

Greasy Wool Exports

Exports from Spain

In 2019, approx. X tonnes of greasy wool were exported from Spain; declining by -X% against the previous year's figure. Overall, exports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Exports peaked at X tonnes in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, greasy wool exports declined remarkably to $X in 2019. In general, exports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tonnes), Portugal (X tonnes) and Algeria (X tonnes) were the main destinations of greasy wool exports from Spain, together accounting for X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Algeria (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Germany ($X) and Algeria ($X) were the largest markets for greasy wool exported from Spain worldwide, together comprising X% of total exports.

Among the main countries of destination, Algeria (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average greasy wool export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period under review, export 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. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per tonne), while the average price for exports to the UK ($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 Hungary, while the prices for the other major destinations experienced mixed trend patterns.

Greasy Wool Imports

Imports into Spain

In 2019, overseas purchases of greasy wool were finally on the rise to reach X tonnes after two years of decline. Overall, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2012 to 2019, the growth imports remained at a lower figure.

In value terms, greasy wool imports stood at $X in 2019. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tonnes), Germany (X tonnes) and Belgium (X tonnes) were the main suppliers of greasy wool imports to Spain, with a combined X% share of total imports. These countries were followed by France, which accounted for a further X 2007 to 2019, the biggest increases were in France, while purchases for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest greasy wool suppliers to Spain, together comprising X% of total imports.

In terms of the main suppliers, France recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average greasy wool import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, the import price, however, continues to indicate temperate growth. The growth pace was the most rapid in 2012 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, 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?

+

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), with a combined 40% share of global consumption. These countries were followed by China, New Zealand, the U.S., Canada, the UK, the Netherlands, Brazil, France, Argentina and Uruguay, which together accounted for a further 40%.

What are the largest producers of greasy wool in the world?

+

China (14K tonnes) remains the largest greasy wool producing country worldwide, accounting for 50% of total volume. Moreover, greasy wool production in China exceeded the figures recorded by the second-largest producer, Australia (5.1K tonnes), threefold. New Zealand (3.2K tonnes) ranked third in terms of total production with a 11% share.

What are the leading suppliers of greasy wool to Spain?

+

In value terms, the largest greasy wool suppliers to Spain were Belgium ($747K), Germany ($682K) and France ($540K), with a combined 78% share of total imports.

What are the leading importers of greasy wool from Spain?

+

In value terms, the largest markets for greasy wool exported from Spain were Portugal ($18K), Germany ($16K) and Algeria ($15K), with a combined 71% share of total exports.

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

+

The average greasy wool export price stood at $12,193 per tonne in 2019, rising by 70% against the previous year.

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

+

The average greasy wool import price stood at $6,180 per tonne in 2019, declining by -20.7% against the previous year.