China: Wool Grease Market 2025

Wool Grease Market Size in China

After two years of decline, the Chinese wool grease market increased by 23% to $X in 2022. Over the period under review, consumption posted a buoyant increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Wool Grease Production in China

In value terms, wool grease production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2016 with an increase of 44% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Wool Grease Exports

Exports from China

In 2022, after two years of growth, there was decline in overseas shipments of wool grease and fatty substances, when their volume decreased by -2.5% to X tons. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 31% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wool grease exports contracted slightly to $X in 2022. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), the UK (X tons) and Germany (X tons) were the main destinations of wool grease exports from China, with a combined 63% share of total exports. Belgium, India, Uruguay, the United States and Singapore lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +16.3%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the UK ($X) and Germany ($X) constituted the largest markets for wool grease exported from China worldwide, together comprising 61% of total exports. Belgium, India, the United States, Uruguay and Singapore lagged somewhat behind, together comprising a further 23%.

India, with a CAGR of +12.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wool grease export price stood at $X per ton in 2022, picking up by 1.7% against the previous year. Overall, the export price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2021 an increase of 48% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Japan ($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 Singapore (+8.0%), while the prices for the other major destinations experienced a decline.

Wool Grease Imports

Imports into China

In 2022, overseas purchases of wool grease and fatty substances increased by 57% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 848%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, wool grease imports rose modestly to $X in 2022. Overall, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 869%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Uruguay (X kg) constituted the largest wool grease supplier to China, with a approx. less than 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Uruguay totaled -98.1%.

In value terms, Uruguay ($X) constituted the largest supplier of wool grease and fatty substances to China.

From 2012 to 2022, the average annual growth rate of value from Uruguay totaled -97.9%.

Import Prices by Country

In 2022, the average wool grease import price amounted to $X per ton, falling by -34.4% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when the average import price increased by 41% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Uruguay.

From 2012 to 2022, the rate of growth in terms of prices for Uruguay amounted to +10.1% per year.

Source: IndexBox Platform

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