Spain: Wool Grease Market 2024

Wool Grease Market Size in Spain

The Spanish wool grease market expanded significantly to $X in 2022, growing 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). Over the period under review, consumption, however, recorded a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wool Grease Exports

Exports from Spain

In 2022, wool grease exports from Spain skyrocketed to X tons, growing by X% on 2021 figures. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, wool grease exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for wool grease exports from Spain, with a X% share of total exports. Moreover, wool grease exports to Germany exceeded the volume sent to the second major destination, Cuba (X tons), twofold. Portugal (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X% per year) and Portugal (X% per year).

In value terms, Cuba ($X) emerged as the key foreign market for wool grease and fatty substances exports from Spain, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cuba amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Portugal (X% per year).

Export Prices by Country

In 2022, the average wool grease export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Wool Grease Imports

Imports into Spain

Wool grease imports into Spain rose rapidly to X tons in 2022, picking up by X% on the year before. In general, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, wool grease imports surged to $X in 2022. Over the period under review, imports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of wool grease imports to Spain, together comprising X% of total imports. France, Romania and Portugal lagged somewhat behind, together accounting for a further X%.

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

In value terms, Belgium ($X), Germany ($X) and France ($X) constituted the largest wool grease suppliers to Spain, with a combined X% share of total imports. The UK, Romania and Portugal lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average wool grease import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price saw notable growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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