Australia - Greasy Wool - Market Analysis, Forecast, Size, Trends and Insights
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View Pricing2023 Sees Australia's Greasy Wool Exports Plunge to $1.9 Billion
Australia Greasy Wool Exports
In 2023, approx. 327K tons of greasy wool were exported from Australia; growing by 5.9% against 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. The exports peaked at 329K tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.
In value terms, greasy wool exports fell to $1.9B (IndexBox estimates) in 2023. In general, exports, however, continue to indicate a mild contraction. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. Over the period under review, the exports attained the maximum at $2.7B in 2018; however, from 2019 to 2023, the exports remained at a lower figure.
| COUNTRY | Export Value of Greasy Wool in Australia (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 1,857 | 1,497 | 1,564 | 1,636 | 2,091 | 2,153 | 1,688 | 1,277 | 1,915 | 1,768 | 1,622 |
| India | 150 | 167 | 139 | 142 | 157 | 181 | 118 | 59.0 | 91.8 | 129 | 111 |
| Italy | 119 | 113 | 105 | 105 | 160 | 166 | 116 | 40.4 | 115 | 135 | 98.7 |
| Czech Republic | 99.2 | 95.3 | 91.0 | 91.5 | 114 | 111 | 60.4 | 43.4 | 67.0 | 44.9 | 30.1 |
| Others | 76.9 | 68.8 | 80.9 | 87.7 | 89.7 | 91.1 | 76.3 | 27.1 | 25.2 | 39.7 | 35.1 |
| Total | 2,302 | 1,942 | 1,980 | 2,063 | 2,612 | 2,703 | 2,059 | 1,447 | 2,214 | 2,115 | 1,897 |
Exports by Country
China (285K tons) was the main destination for greasy wool exports from Australia, with a 87% share of total exports. Moreover, greasy wool exports to China exceeded the volume sent to the second major destination, India (19K tons), more than tenfold. The third position in this ranking was held by Italy (8.4K tons), with a 2.6% share.
From 2013 to 2023, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-1.2% per year) and Italy (-3.8% per year).
In value terms, China ($1.6B) remains the key foreign market for greasy wool exports from Australia, comprising 86% of total exports. The second position in the ranking was held by India ($111M), with a 5.8% share of total exports. It was followed by Italy, with a 5.2% share.
From 2013 to 2023, the average annual rate of growth in terms of value to China totaled -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-3.0% per year) and Italy (-1.8% per year).
Export Prices by Country
In 2023, the greasy wool price amounted to $5,804 per ton (FOB, Australia), shrinking by -15.3% against the previous year. Overall, the export price showed a perceptible shrinkage. The growth pace was the most rapid in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,452 per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Italy ($11,699 per ton), while the average price for exports to the Czech Republic ($3,698 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.0%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the greasy wool market in Australia. 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 987 - Wool, Greasy
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
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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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
