U.S.: Wool Grease Market 2022

Wool Grease Exports

Exports from the U.S.

Wool grease exports from the United States rose markedly to X tonnes in 2020, with an increase of X% on the previous year's figure. Over the period under review, exports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2012 when exports increased by X% against the previous year. The exports peaked at X tonnes in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

In value terms, wool grease exports dropped to $X in 2020. In general, total exports indicated pronounced growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

Exports by Country

Canada (X tonnes) was the main destination for wool grease exports from the United States, with a X% share of total exports. Moreover, wool grease exports to Canada exceeded the volume sent to the second major destination, the UK (X tonnes), threefold. The third position in this ranking was occupied by China (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and China (+X% per year).

In value terms, Canada ($X), the UK ($X) and China ($X) constituted the largest markets for wool grease exported from the United States worldwide, with a combined X% share of total exports. Belgium, Germany, Egypt and Singapore lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded 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 more modest paces of growth.

Export Prices by Country

The average wool grease export price stood at $X per tonne in 2020, falling by -X% against the previous year. Over the period under review, the export price saw a mild decline. The growth pace was the most rapid in 2019 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2010; however, from 2011 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was China ($X per tonne), while the average price for exports to Canada ($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 China (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Wool Grease Imports

Imports into the U.S.

In 2020, wool grease imports into the United States expanded rapidly to X tonnes, picking up by X% against 2019. In general, imports, however, recorded a noticeable setback. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. From 2014 to 2020, the growth imports remained at a lower figure.

In value terms, wool grease imports shrank to $X in 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports remained at a lower figure.

Imports by Country

China (X tonnes), the UK (X tonnes) and Mexico (X tonnes) were the main suppliers of wool grease imports to the United States, together comprising X% of total imports. Japan, Uruguay, Belgium and India lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Japan ($X) and China ($X) were the largest wool grease suppliers to the United States, with a combined X% share of total imports. These countries were followed by Belgium, Mexico, Uruguay and India, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of 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 2020, the average wool grease import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, import price indicated a mild expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, wool grease import price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2012 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2013 to 2020, the average import prices remained at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform