Finland: Greasy Wool Market 2025

Greasy Wool Market Size in Finland

In 2022, after four years of decline, there was significant growth in the Finnish greasy wool market, when its value increased by 20% to $X. Over the period under review, consumption, however, showed a perceptible contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Greasy Wool Production in Finland

In value terms, greasy wool production skyrocketed to $X in 2022 estimated in export price. Overall, production faced a dramatic shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 1,249%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Greasy Wool Exports

Exports from Finland

In 2022, approx. X kg of greasy wool were exported from Finland; reducing by -99.9% against the previous year. Over the period under review, exports showed a deep downturn. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, greasy wool exports dropped significantly to $X in 2022. In general, exports recorded a dramatic decrease. Over the period under review, the exports hit record highs at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

The United States (X kg) was the main destination for greasy wool exports from Finland, accounting for a 78% share of total exports. Moreover, greasy wool exports to the United States exceeded the volume sent to the second major destination, Norway (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for greasy wool exports from Finland, comprising 76% of total exports. The second position in the ranking was held by Norway ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average greasy wool export price amounted to $X per ton, jumping by 604% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-28.5%).

Greasy Wool Imports

Imports into Finland

In 2022, after two years of decline, there was significant growth in overseas purchases of greasy wool, when their volume increased by 1,300% to X kg. Over the period under review, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 when imports increased by 57,067%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, greasy wool imports soared to $X in 2022. In general, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 20,217% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X kg) and Sweden (X kg) were the main suppliers of greasy wool imports to Finland.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +600.0%).

In value terms, Sweden ($X) constituted the largest supplier of greasy wool to Finland, comprising 85% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Sweden totaled -7.8%.

Import Prices by Country

In 2022, the average greasy wool import price amounted to $X per ton, which is down by -91.5% against the previous year. Overall, the import price, however, continues to indicate a modest expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 360%. As a result, import price attained the peak level of $X per ton, and then reduced rapidly in the following year.

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 Sweden ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+86.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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