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

Wool Market Size in Spain

In 2020, the Spanish wool market decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. Overall, consumption, however, enjoyed noticeable growth. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2019, and then dropped in the following year.

Wool Production in Spain

In value terms, wool production stood at $X in 2020 estimated in export prices. Over the period under review, production enjoyed a tangible increase. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% year-to-year. Wool production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Wool Exports

Exports from Spain

In 2020, approx. X tonnes of wool were exported from Spain; declining by -X% on 2019 figures. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, wool exports contracted significantly to $X in 2020. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

The UK (X tonnes), Italy (X tonnes) and Portugal (X tonnes) were the main destinations of wool exports from Spain, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in the UK, while shipments for the other leaders experienced a decline.

In value terms, the largest markets for wool exported from Spain were the UK ($X), Italy ($X) and France ($X), with a combined X% share of total exports.

The UK saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average wool export price amounted to $X per tonne, rising by X% against the previous year. Overall, the export price, however, saw a pronounced slump. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Italy ($X per tonne), while the average price for exports to India ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced a decline.

Wool Imports

Imports into Spain

In 2020, supplies from abroad of wool decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, wool imports declined significantly to $X in 2020. Overall, imports saw a noticeable reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Portugal (X tonnes) constituted the largest supplier of wool to Spain, accounting for a X% share of total imports. Moreover, wool imports from Portugal exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), fivefold. The third position in this ranking was occupied by Australia (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Portugal amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Australia (+X% per year).

In value terms, the largest wool suppliers to Spain were Portugal ($X), Australia ($X) and the UK ($X), together accounting for X% of total imports. New Zealand, France, Syrian Arab Republic, Turkey and the U.S. lagged somewhat behind, together accounting for a further X terms of the main suppliers, the U.S. (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average wool import price amounted to $X per tonne, with an increase of X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. The import price peaked in 2020 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Australia ($X per tonne), while the price for Syrian Arab Republic ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, 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 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. These countries were followed by Russia, Brazil, Pakistan, Germany, the UK, Ethiopia, Lithuania, Denmark, Italy and South Korea, which together accounted 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), together accounting for 29% 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 Spain?
+
In value terms, the largest wool suppliers to Spain were Portugal ($1M), Australia ($683K) and the UK ($225K), together accounting for 75% of total imports. New Zealand, France, Syrian Arab Republic, Turkey and the U.S. lagged somewhat behind, together comprising a further 18%.
What are the leading importers of wool from Spain?
+
In value terms, the UK ($711K), Italy ($653K) and France ($154K) constituted the largest markets for wool exported from Spain worldwide, together accounting for 70% of total exports.
What is the average export price for wool in Spain?
+
In 2020, the average wool export price amounted to $1,967 per tonne, picking up by 9.5% against the previous year.
What is the average import price for wool in Spain?
+
The average wool import price stood at $3,043 per tonne in 2020, growing by 19% 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 Spain. 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:
• Spain

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Spain
• 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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