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China - Wool Grease And Fatty Substances - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWool Grease Price in China - 2023
Contents:
- Wool Grease Price in China (FOB) - 2023
- Wool Grease Price in China (CIF) - 2022
- Wool Grease Exports in China
- Wool Grease Imports in China
Wool Grease Price in China (FOB) - 2023
The average wool grease export price stood at $6,223 per ton in September 2023, growing by 2.2% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 10% against the previous month. Over the period under review, the average export prices reached the peak figure at $6,371 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($10,950 per ton), while the average price for exports to India ($4,618 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.5%), while the prices for the other major destinations experienced a decline.
Wool Grease Price in China (CIF) - 2022
In 2022, the average wool grease import price amounted to $1,875 per ton, shrinking by -34.4% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the maximum at $7,609 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Uruguay.
From 2012 to 2022, the rate of growth in terms of prices for Uruguay amounted to +10.1% per year.
Wool Grease Exports in China
After three years of growth, overseas shipments of wool grease and fatty substances decreased by -2.5% to 12K tons in 2022. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 10%. As a result, the exports reached the peak of 12K tons, and then contracted modestly in the following year.
In value terms, wool grease exports dropped modestly to $71M in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. As a result, the exports attained the peak of $71M, leveling off in the following year.
Export of Wool Grease in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 9.1 | 9.6 | 19.3 | 17.6 | 24.6% |
United Kingdom | 9.4 | 12.4 | 19.8 | 13.5 | 12.8% |
Germany | 3.0 | 4.9 | 9.0 | 11.9 | 58.3% |
Belgium | 3.6 | 4.4 | 4.1 | 8.3 | 32.1% |
India | 0.5 | 0.9 | 3.0 | 3.0 | 81.7% |
United States | 4.0 | 3.2 | 3.2 | 2.8 | -11.2% |
Uruguay | 0.5 | 0.3 | 1.4 | 2.1 | 61.3% |
Singapore | 2.2 | N/A | N/A | N/A | 0% |
Others | 6.7 | 8.0 | 11.7 | 11.8 | 20.8% |
Total | 39.0 | 43.7 | 71.5 | 70.9 | 22.0% |
Top Export Markets for Wool Grease from China in 2022:
- Singapore (undefinedK tons)
- Japan (3.5K tons)
- United Kingdom (2.1K tons)
- Germany (1.8K tons)
- Belgium (1.5K tons)
- India (0.5K tons)
- United States (0.4K tons)
- Uruguay (0.4K tons)
Wool Grease Imports in China
In 2022, the amount of wool grease and fatty substances imported into China soared to 181 tons, jumping by 57% compared with the previous year's figure. In general, imports, however, recorded a abrupt slump.
In value terms, wool grease imports rose slightly to $339K in 2022. Over the period under review, imports, however, showed a sharp contraction.
Import of Wool Grease in China (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 327 | N/A | N/A | N/A | 0% |
Singapore | 1,070 | 35.8 | 89.5 | N/A | -71.1% |
Uruguay | N/A | 63.7 | 214 | N/A | 235.9% |
Australia | 53.7 | 151 | 25.2 | N/A | -31.5% |
Others | 38.8 | 98.8 | 1.3 | 339 | 106.0% |
Total | 1,490 | 349 | 330 | 339 | -39.0% |
Top Suppliers of Wool Grease to China in 2022:
- Uruguay (undefined tons)
This report provides an in-depth analysis of the wool grease market in China. 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 2030.
Product coverage:
- FCL 994 - Wool Grease and Lanolin
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the wool grease market in China.
This report provides an in-depth analysis of the global wool grease market.
This report provides an in-depth analysis of the wool grease market in China.
This report provides an in-depth analysis of the global wool grease market.
Wool Grease exports experienced a significant surge, reaching $5.6M in June 2023 in terms of value.
Wool Grease exports experienced a significant surge, reaching $5.6M in June 2023 in terms of value.