Canada: Wool Grease Market 2025

Wool Grease Market Size in Canada

In 2022, after three years of growth, there was decline in the Canadian wool grease market, when its value decreased by -3% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. Wool grease consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Wool Grease Exports

Exports from Canada

In 2022, the amount of wool grease and fatty substances exported from Canada fell rapidly to X tons, reducing by -19.1% against 2021 figures. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,200% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wool grease exports dropped remarkably to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,258% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X tons) was the main destination for wool grease exports from Canada, accounting for a 69% share of total exports. Moreover, wool grease exports to Thailand exceeded the volume sent to the second major destination, Israel (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand stood at +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+414.3% per year) and Latvia (-32.1% per year).

In value terms, Thailand ($X) emerged as the key foreign market for wool grease and fatty substances exports from Canada, comprising 69% of total exports. The second position in the ranking was taken by Israel ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand amounted to +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+392.7% per year) and Latvia (-15.0% per year).

Export Prices by Country

The average wool grease export price stood at $X per ton in 2022, waning by -36.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 63% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Latvia ($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 Latvia (+25.2%), while the prices for the other major destinations experienced mixed trend patterns.

Wool Grease Imports

Imports into Canada

In 2022, purchases abroad of wool grease and fatty substances decreased by -19.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 45%. Imports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, wool grease imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 32%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of wool grease to Canada, with a 67% share of total imports. Moreover, wool grease imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X tons), eightfold. Brazil (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.4% per year) and Brazil (+1.1% per year).

In value terms, the United States ($X) constituted the largest supplier of wool grease and fatty substances to Canada, comprising 52% of total imports. The second position in the ranking was taken by the UK ($X), with a 20% share of total imports. It was followed by Japan, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+7.0% per year) and Japan (-1.2% per year).

Import Prices by Country

The average wool grease import price stood at $X per ton in 2022, surging by 34% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 an increase of 48%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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