Czech Republic: Greasy Wool Market 2024

Greasy Wool Market Size in the Czech Republic

The Czech greasy wool market contracted to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption continues to indicate a slight shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Greasy Wool Production in the Czech Republic

In value terms, greasy wool production contracted to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Greasy wool production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Greasy Wool Exports

Exports from the Czech Republic

In 2022, greasy wool exports from the Czech Republic dropped significantly to X tons, which is down by -90.5% compared with the previous year's figure. Overall, exports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 138% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, greasy wool exports reduced markedly to $X in 2022. Over the period under review, exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2021 when exports increased by 1,439%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for greasy wool exports from the Czech Republic, accounting for a 93% share of total exports. Moreover, greasy wool exports to Poland exceeded the volume sent to the second major destination, Ghana (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (0.0% per year) and Germany (-50.0% per year).

In value terms, Poland ($X) emerged as the key foreign market for greasy wool exports from the Czech Republic, comprising 84% of total exports. The second position in the ranking was held by Ghana ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Poland stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (0.0% per year) and Germany (-36.4% per year).

Export Prices by Country

The average greasy wool export price stood at $X per ton in 2022, dropping by -81.7% against the previous year. Over the period under review, the export price, however, saw pronounced growth. The pace of growth appeared the most rapid in 2021 an increase of 548% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Belgium (+48.1%), while the prices for the other major destinations experienced more modest paces of growth.

Greasy Wool Imports

Imports into the Czech Republic

In 2022, greasy wool imports into the Czech Republic shrank to X tons, waning by -6.7% against 2021. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, greasy wool imports stood at $X in 2022. Over the period under review, imports showed a pronounced curtailment. The growth pace was the most rapid in 2018 with an increase of 24% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Australia (X tons), South Africa (X tons) and the UK (X tons) were the main suppliers of greasy wool imports to the Czech Republic, with a combined 77% share of total imports. New Zealand, Chile, France, Argentina and Falkland Islands (Malvinas) lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +27.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), South Africa ($X) and New Zealand ($X) constituted the largest greasy wool suppliers to the Czech Republic, with a combined 89% share of total imports. The UK, Chile, Falkland Islands (Malvinas), Argentina and France lagged somewhat behind, together comprising a further 10%.

In terms of the main suppliers, Chile, with a CAGR of +14.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average greasy wool import price amounted to $X per ton, surging by 9.7% against the previous year. In general, the import price, however, saw a pronounced setback. The growth pace was the most rapid in 2018 when the average import price increased by 24%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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