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U.S. - Wool Grease And Fatty Substances - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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U.S.: Wool Grease Market Overview 2021

Wool Grease Market Size in the U.S.

The U.S. wool grease market dropped to $X in 2020, declining 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). In general, consumption, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2010; however, from 2011 to 2020, consumption remained at a lower figure.

Wool Grease Exports

Exports from the U.S.

Wool grease exports from the U.S. rose notably to X tonnes in 2020, growing by X% compared with the previous year's figure. In general, exports enjoyed perceptible growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Exports peaked at X tonnes in 2015; afterwards, it flattened through to 2020.

In value terms, wool grease exports reached $X in 2020. Overall, total exports indicated a measured increase from 2007 to 2020: its value 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, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2014 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Canada (X tonnes) was the main destination for wool grease exports from the U.S., accounting for 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 stood at +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) were the largest markets for wool grease exported from the U.S. worldwide, with a combined X% share of total exports. Hong Kong SAR, Belgium, Germany, Turkey, Egypt and Singapore lagged somewhat behind, together accounting for a further X (+X% per year) recorded 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

The average wool grease export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. In general, the export price saw a mild descent. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. As a result, export price attained the peak level of $X per tonne. from 2013 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Canada ($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, while the prices for the other major destinations experienced more modest paces of growth.

Wool Grease Imports

Imports into the U.S.

For the third consecutive year, the U.S. recorded growth in supplies from abroad of wool grease and fatty substances, which increased by X% to X tonnes in 2020. Overall, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. from 2011 to 2020, the growth imports remained at a lower figure.

In value terms, wool grease imports reduced to $X in 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat 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 U.S., together comprising X% of total imports. These countries were followed by Japan, Uruguay, Belgium and India, which together accounted for a further X 2007 to 2020, the biggest increases were in Uruguay, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wool grease suppliers to the U.S. were the UK ($X), Japan ($X) and China ($X), 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 recorded the highest rates of growth with regard to 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

The average wool grease import price stood at $X per tonne in 2020, which is down by -X% against the previous year. Overall, the import price, however, posted notable growth. The pace of growth was the most pronounced in 2012 an increase of X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2013; however, from 2014 to 2020, import prices stood 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, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for greasy wool in the world?
+
China (523K tonnes) remains the largest greasy wool consuming country worldwide, comprising approx. 29% of total volume. Moreover, greasy wool consumption in China exceeded the figures recorded by the second-largest consumer, New Zealand (87K tonnes), sixfold. The third position in this ranking was occupied by Australia (82K tonnes), with a 4.5% share.
What are the largest producers of greasy wool in the world?
+
The countries with the highest volumes of greasy wool production in 2020 were China (339K tonnes), Australia (324K tonnes) and New Zealand (116K tonnes), with a combined 40% share of global production. These countries were followed by the UK, Turkey, Morocco, Sudan, South Africa, Russia, Iran, Pakistan, Turkmenistan and Argentina, which together accounted for a further 29%.
What are the leading suppliers of greasy wool to the U.S.?
+
In value terms, Australia ($1.7M) constituted the largest supplier of greasy wool to the U.S., comprising 54% of total imports. The second position in the ranking was occupied by Canada ($615K), with a 19% share of total imports. It was followed by Uruguay, with a 11% share.
What are the leading importers of greasy wool from the U.S.?
+
In value terms, China ($2.5M), Bulgaria ($2.4M) and Egypt ($978K) appeared to be the largest markets for greasy wool exported from the U.S. worldwide, with a combined 79% share of total exports. Italy, Belgium, Uruguay and South Korea lagged somewhat behind, together comprising a further 14%.
What is the average export price for greasy wool in the U.S.?
+
In 2020, the average greasy wool export price amounted to $3,101 per tonne, waning by -16.9% against the previous year.
What is the average import price for greasy wool in the U.S.?
+
In 2020, the average greasy wool import price amounted to $5,444 per tonne, growing by 18% against the previous year.

Product coverage:
• Prodcom 13101000 - Wool grease and fatty substances derived therefrom, i ncluding lanolin

This report provides an in-depth analysis of the wool grease market in the U.S.. 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:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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  This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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

This Chapter is Available Only for the Professional Edition PRO
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 2030
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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