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

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Wool Market Size in the UK

The UK wool market declined to $X in 2019, falling by -X% against the previous year. Over the period under review, consumption saw a pronounced curtailment. The pace of growth was the most pronounced in 2014 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2015 to 2019, the growth of the market remained at a lower figure.

Wool Production in the UK

In value terms, wool production dropped slightly to $X in 2019 estimated in export prices. In general, production saw a pronounced decrease. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2009 to 2019, production growth failed to regain the momentum.

Wool Exports

Exports from the UK

In 2019, approx. X tonnes of wool were exported from the UK; shrinking by -X% against the year before. Over the period under review, exports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, wool exports declined rapidly to $X in 2019. Overall, exports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tonnes), China (X tonnes) and Italy (X tonnes) were the main destinations of wool exports from the UK, together accounting for X% of total exports. Poland, Belgium, India, Portugal, Germany, Spain and Egypt lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India, while exports for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), China ($X) and Italy ($X) appeared to be the largest markets for wool exported from the UK worldwide, with a combined X% share of total exports.

China saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average wool export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Italy ($X per tonne), while the average price for exports to Belgium ($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 China, while the prices for the other major destinations experienced mixed trend patterns.

Wool Imports

Imports into the UK

In 2019, approx. X tonnes of wool were imported into the UK; which is down by -X% compared with 2018. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tonnes. From 2015 to 2019, the growth imports remained at a lower figure.

In value terms, wool imports fell to $X in 2019. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2015 to 2019, the growth imports failed to regain the momentum.

Imports by Country

In 2019, New Zealand (X tonnes) constituted the largest supplier of wool to the UK, with a X% share of total imports. Moreover, wool imports from New Zealand exceeded the figures recorded by the second-largest supplier, China (X tonnes), twofold. The third position in this ranking was occupied by Turkey (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from New Zealand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Turkey (+X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of wool to the UK, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2019, the average annual growth rate of value from New Zealand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and China (+X% per year).

Import Prices by Country

In 2019, the average wool import price amounted to $X per tonne, flattening at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2015 to 2019, 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 Australia ($X per tonne), while the price for Libya ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool in the world?
+
China (119K tonnes) remains the largest wool consuming country worldwide, accounting for 24% of total volume. Moreover, wool consumption in China exceeded the figures recorded by the second-largest consumer, India (34K tonnes), fourfold. The third position in this ranking was occupied by Russia (23K tonnes), with a 4.8% share.
What are the largest producers of wool in the world?
+
New Zealand (67K tonnes) constituted the country with the largest volume of wool production, comprising approx. 16% of total volume. Moreover, wool production in New Zealand exceeded the figures recorded by the second-largest producer, Australia (31K tonnes), twofold. China (21K tonnes) ranked third in terms of total production with a 5.1% share.
What are the leading suppliers of wool to the UK?
+
In value terms, New Zealand ($31M) constituted the largest supplier of wool to the UK, comprising 51% of total imports. The second position in the ranking was occupied by Australia ($12M), with a 20% share of total imports. It was followed by China, with a 12% share.
What are the leading importers of wool from the UK?
+
In value terms, Lithuania ($15M), China ($13M) and Italy ($5.1M) constituted the largest markets for wool exported from the UK worldwide, together comprising 70% of total exports.
What is the average export price for wool in the UK?
+
The average wool export price stood at $2,559 per tonne in 2019, which is down by -2.4% against the previous year.
What is the average import price for wool in the UK?
+
In 2019, the average wool import price amounted to $2,540 per tonne, almost unchanged from 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 the UK. 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:
• United Kingdom

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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