Asia: Wool Grease Market 2024

Wool Grease Market Size in Asia

In 2022, the Asian wool grease market increased by X% to $X, rising for the fourth year in a row after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Wool Grease Production in Asia

In value terms, wool grease production reached $X in 2022 estimated in export price. Overall, production, however, recorded a mild decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Wool Grease Exports

Exports in Asia

Wool grease exports dropped modestly to X tons in 2022, which is down by X% compared with the previous year. Overall, exports continue to indicate a slight decrease. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wool grease exports stood at $X in 2022. In general, exports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporting country with an export of about X tons, which accounted for X% of total exports. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by India (X%).

China experienced a relatively flat trend pattern with regard to volume of exports of wool grease and fatty substances. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. While the share of China (X p.p.) and India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest wool grease supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price, however, recorded a mild descent. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Wool Grease Imports

Imports in Asia

In 2022, approx. X tons of wool grease and fatty substances were imported in Asia; which is down by X% on 2021. In general, imports saw a mild reduction. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wool grease imports expanded to $X in 2022. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan was the largest importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by India (X tons), creating a X% share of total imports. Thailand (X tons), Turkey (X tons), Iran (X tons) and Indonesia (X tons) took a minor share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of wool grease and fatty substances. At the same time, India (X%), Iran (X%) and Turkey (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) and Japan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported wool grease and fatty substances in Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Japan, wool grease imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, recorded a mild slump. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Iran ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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