Report Update Nov 1, 2024

Australia - Greasy Wool - Market Analysis, Forecast, Size, Trends and Insights

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Australia: Greasy Wool Market 2024

Greasy Wool Market Size in Australia

The Australian greasy wool market dropped to $X in 2022, reducing by -9.8% against the previous year. Overall, consumption continues to indicate a slight decrease. As a result, consumption reached 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

In value terms, greasy wool production shrank to $X in 2022 estimated in export price. Overall, production saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Greasy Wool Exports

Exports from Australia

Greasy wool exports from Australia shrank modestly to X tons in 2022, standing approx. at the previous year's figure. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 28%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, greasy wool exports contracted to $X in 2022. Over the period under review, exports saw a slight downturn. The pace of growth was the most pronounced in 2021 when exports increased by 53%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for greasy wool exports from Australia, with a 85% share of total exports. Moreover, greasy wool exports to China exceeded the volume sent to the second major destination, India (X tons), more than tenfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+0.1% per year) and the Czech Republic (-3.7% per year).

In value terms, China ($X) remains the key foreign market for greasy wool exports from Australia, comprising 84% of total exports. The second position in the ranking was held by Italy ($X), with a 6.4% share of total exports. It was followed by India, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.7% per year) and India (-1.7% per year).

Export Prices by Country

In 2022, the average greasy wool export price amounted to $X per ton, falling by -3.6% against the previous year. Overall, the export price saw a mild downturn. The pace of growth was the most pronounced in 2018 an increase of 21%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.1%), while the prices for the other major destinations experienced a decline.

Greasy Wool Imports

Imports into Australia

After four years of growth, purchases abroad of greasy wool decreased by -29.5% to X tons in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,377%. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell rapidly in the following year.

In value terms, greasy wool imports surged to $X in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 836% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, New Zealand (X tons) was the main supplier of greasy wool to Australia, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand stood at +37.4%.

In value terms, New Zealand ($X) constituted the largest supplier of greasy wool to Australia.

From 2012 to 2022, the average annual growth rate of value from New Zealand totaled +33.4%.

Import Prices by Country

The average greasy wool import price stood at $X per ton in 2022, jumping by 75% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable contraction. The import price peaked at $X per ton in 2017; however, from 2018 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 New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to -2.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for greasy wool in the world?

China remains the largest greasy wool consuming country worldwide, comprising approx. 33% of total volume. Moreover, greasy wool consumption in China exceeded the figures recorded by the second-largest consumer, New Zealand, fivefold. The third position in this ranking was occupied by India, with a 6% share.

What are the largest producers of greasy wool in the world?

The countries with the highest volumes of greasy wool production in 2021 were China, Australia and New Zealand, together comprising 42% of global production. These countries were followed by Turkey, the UK, Morocco, Iran, Russia, South Africa, India, Pakistan, Argentina and Turkmenistan, which together accounted for a further 28%.

What are the leading suppliers of greasy wool to Australia?

In value terms, New Zealand constituted the largest supplier of greasy wool to Australia.

What are the leading importers of greasy wool from Australia?

In value terms, China remains the key foreign market for greasy wool exports from Australia, comprising 87% of total exports. The second position in the ranking was occupied by Italy, with a 5.2% share of total exports. It was followed by India, with a 4.1% share.

What is the average export price for greasy wool in Australia?

In 2021, the average greasy wool export price amounted to $7,110 per ton, surging by 20% against the previous year.

What is the average import price for greasy wool in Australia?

In 2021, the average greasy wool import price amounted to $6,671 per ton, stabilizing at the previous year.

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023