Armenia: Wool Grease Market 2020

Wool Grease Market Size in Armenia

The revenue of the wool grease market in Armenia amounted to $X in 2018, falling by -X% against the previous year. Over the period under review, wool grease consumption, however, continues to indicate a temperate descent. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. In that year, the wool grease market attained its peak level of $X. From 2011 to 2018, the growth of the wool grease market remained at a somewhat lower figure.

Wool Grease Production in Armenia

In value terms, wool grease production totaled $X in 2018 estimated in export prices. Overall, wool grease production continues to indicate a drastic setback. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. In that year, wool grease production reached its peak level of $X. From 2011 to 2018, wool grease production growth failed to regain its momentum.

Wool Grease Exports

Exports from Armenia

In 2018, approx. X tons of wool grease were exported from Armenia; growing by X% against the previous year. Over the period under review, wool grease exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. In that year, wool grease exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, wool grease exports totaled $X in 2018. Over the period under review, wool grease exports continue to indicate measured growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, wool grease exports reached their maximum at $X in 2009; however, from 2010 to 2018, exports failed to regain their momentum.

Exports by Country

Australia prevails in wool grease exports structure, recording X tons, which was approx. X% of total exports in 2018. The following exporters - South Africa (X tons) and New Zealand (X tons) - together made up X% of total exports.

Australia was also the fastest-growing in terms of the wool grease exports, with a CAGR of +X% from 2007 to 2018. At the same time, South Africa (+X%) displayed positive paces of growth. New Zealand experienced a relatively flat trend pattern. Australia (+X p.p.) and South Africa (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest wool grease supplier from Armenia, comprising X% of global exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of global exports. It was followed by New Zealand, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Australia amounted to +X%. In the other countries, the average annual rates were as follows: South Africa (+X% per year) and New Zealand (+X% per year).

Export Prices by Country

The wool grease export price in Armenia stood at $X per ton in 2018, reducing by -X% against the previous year. Overall, the wool grease export price continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. In that year, the export prices for wool grease attained their peak level of $X per ton. From 2011 to 2018, the growth in terms of the export prices for wool grease remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was South Africa ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Africa, while the other leaders experienced mixed trends in the export price figures.

Wool Grease Imports

Imports into Armenia

Wool grease imports into Armenia amounted to X tons in 2018, going up by X% against the previous year. In general, wool grease imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Armenia imports peaked in 2018 and are likely to see steady growth in the near future.

In value terms, wool grease imports amounted to $X in 2018. In general, wool grease imports continue to indicate a moderate setback. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. In that year, wool grease imports reached their peak of $X. From 2011 to 2018, the growth of wool grease imports remained at a somewhat lower figure.

Imports by Country

In 2018, China (X tons) was the main importer of wool grease, mixing up X% of total imports. It was distantly followed by India (X tons), achieving a X% share of total imports. The following importers - the Czech Republic (X tons), Turkey (X tons), Egypt (X tons), the UK (X tons), Italy (X tons), Uruguay (X tons) and Taiwan, Chinese (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Egypt (+X%), India (+X%), Uruguay (+X%), the UK (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Turkey and Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. China (+X p.p.), India (+X p.p.) and Egypt (+X p.p.) significantly strengthened its position in terms of the global imports, while Italy saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported wool grease into Armenia, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by the Czech Republic, with a X% share.

In China, wool grease imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (+X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

The wool grease import price in Armenia stood at $X per ton in 2018, going down by -X% against the previous year. In general, the wool grease import price continues to indicate a deep deduction. The pace of growth appeared the most rapid in 2011 when the import price increased by X% against the previous year. In that year, the import prices for wool grease reached their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for wool grease failed to regain its momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform