Global Wool Grease Market Overview 2021

Wool Grease Market Size

The global wool grease market shrank to $X in 2020, which is down by -X% against the previous year. in general, consumption saw a slight descent. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Global consumption peaked at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Wool Grease Production

In value terms, wool grease production totaled $X in 2020 estimated in export prices. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, global production hit record highs at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Production by Country

China (X tonnes) remains the largest wool grease producing country worldwide, accounting for X% of total volume. Moreover, wool grease production in China exceeded the figures recorded by the second-largest producer, Australia (X tonnes), threefold. The third position in this ranking was occupied by New Zealand (X tonnes), with a X% share.

In China, wool grease production remained relatively stable over the period from 2007-2020. in the other countries, the average annual rates were as follows: Australia (+X% per year) and New Zealand (+X% per year).

Wool Grease Exports

Exports

In 2020, approx. X tonnes of wool grease and fatty substances were exported worldwide; almost unchanged from the previous year. in general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, global exports reached the peak figure at X tonnes in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, wool grease exports totaled $X in 2020. Overall, total exports indicated a temperate expansion 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 decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Global exports peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

China was the largest exporter of wool grease and fatty substances in the world, with the volume of exports accounting for X tonnes, which was approx. X% of total exports in 2020. The UK (X tonnes) took a X% share (based on tonnes) of total exports, which put it in second place, followed by the U.S. (X%), Belgium (X%), New Zealand (X%), Japan (X%) and Uruguay (X%). The Netherlands (X tonnes), the Czech Republic (X tonnes), Germany (X tonnes) and Australia (X tonnes) took a minor share of total exports.

China was also the fastest-growing in terms of the wool grease and fatty substances exports, with a CAGR of +X% from 2007 to 2020. at the same time, the Netherlands (+X%), Uruguay (+X%) and the U.S. (+X%) displayed positive paces of growth. Japan, the Czech Republic and Germany experienced a relatively flat trend pattern. by contrast, the UK (-X%), New Zealand (-X%), Belgium (-X%) and Australia (-X%) illustrated a downward trend over the same period. China (+X p.p.), the U.S. (+X p.p.), the Netherlands (+X p.p.) and Uruguay (+X p.p.) significantly strengthened its position in terms of the global exports, while New Zealand, the UK, Belgium and Australia saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wool grease supplying countries worldwide were China ($X), the UK ($X) and Japan ($X), with a combined X% share of global exports. Belgium, the Netherlands, Germany, the U.S., New Zealand, Uruguay, the Czech Republic and Australia lagged somewhat behind, together comprising a further X Netherlands recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average wool grease export price stood at $X per tonne in 2020, increasing by X% against the previous year. in general, export price indicated mild growth from 2007 to 2020: its price 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 most prominent rate of growth was recorded in 2012 when the average export price increased by X% year-to-year. Global export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Wool Grease Imports

Imports

In 2020, supplies from abroad of wool grease and fatty substances decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. in general, imports saw a slight slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Global imports peaked at X tonnes in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, wool grease imports dropped slightly to $X in 2020. Overall, imports showed mild growth. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Global imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the UK (X tonnes), Japan (X tonnes), Germany (X tonnes) and the U.S. (X tonnes) was the key importer of wool grease and fatty substances in the world, comprising X% of total import. It was distantly followed by Belgium (X tonnes) and Canada (X tonnes), together making up an X% share of total imports. The Netherlands (X tonnes), India (X tonnes), Brazil (X tonnes), Singapore (X tonnes), Italy (X tonnes) and France (X tonnes) held a minor share of total imports.

From 2007 to 2020, the biggest increases were in Canada, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest wool grease importing markets worldwide were Germany ($X), the U.S. ($X) and the UK ($X), with a combined X% share of global imports. Japan, the Netherlands, Belgium, France, Brazil, India, Canada, Italy and Singapore lagged somewhat behind, together accounting for a further X terms of the main importing countries, India saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average wool grease import price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Overall, import price indicated a notable expansion from 2007 to 2020: its price 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. Based on 2020 figures, wool grease import price decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2012 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. in 2020, the country with the highest price was France ($X per tonne), while Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform