Australia and Oceania: Greasy Wool Market 2025

Greasy Wool Market Size in Australia and Oceania

For the fourth year in a row, the greasy wool market in Australia and Oceania recorded decline in sales value, which decreased by -9.6% to $X in 2022. Over the period under review, consumption saw a pronounced decrease. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Greasy Wool Production in Australia and Oceania

In value terms, greasy wool production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced reduction. The growth pace was the most rapid in 2018 when the production volume increased by 19% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Greasy Wool Exports

Exports in Australia and Oceania

In 2022, overseas shipments of greasy wool increased by 1.2% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, greasy wool exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the main exporting country with an export of about X tons, which finished at 89% of total exports. It was distantly followed by New Zealand (X tons), mixing up an 11% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of greasy wool. New Zealand experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest greasy wool supplier in Australia and Oceania, comprising 92% of total exports. The second position in the ranking was taken by New Zealand ($X), with an 8.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to -1.2%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, dropping by -3.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 21%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+0.0%).

Greasy Wool Imports

Imports in Australia and Oceania

In 2022, after three years of growth, there was significant decline in supplies from abroad of greasy wool, when their volume decreased by -28.2% to X tons. In general, imports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 257%. The volume of import peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, greasy wool imports soared to $X in 2022. Overall, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 233%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Australia was the largest importer of greasy wool in Australia and Oceania, with the volume of imports amounting to X tons, which was near 82% of total imports in 2022. New Caledonia (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by New Zealand (5.3%).

From 2012 to 2022, average annual rates of growth with regard to greasy wool imports into Australia stood at +37.4%. At the same time, New Caledonia (+97,175.0%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +97,175.0% from 2012-2022. By contrast, New Zealand (-22.2%) illustrated a downward trend over the same period. Australia (+77 p.p.) and New Caledonia (+12 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -86.2% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported greasy wool in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was held by New Caledonia ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +33.4%. In the other countries, the average annual rates were as follows: New Caledonia (+208,894.0% per year) and New Zealand (-21.5% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, jumping by 66% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X per ton in 2018; however, from 2019 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 New Caledonia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (+114.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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