Italy: Wool Grease Market 2025

Wool Grease Market Size in Italy

The Italian wool grease market reduced to $X in 2022, which is down by -7.9% against the previous year. Over the period under review, consumption, however, saw resilient growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Wool Grease Production in Italy

In value terms, wool grease production soared to $X in 2022 estimated in export price. In general, production, however, posted prominent growth. The growth pace was the most rapid in 2017 with an increase of 91%. Over the period under review, production reached the peak level in 2022 and is likely to see gradual growth in years to come.

Wool Grease Exports

Exports from Italy

Wool grease exports from Italy soared to X tons in 2022, picking up by 40% compared with the previous year. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 84% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, wool grease exports soared to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 87%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the UK (X tons) and Belgium (X tons) were the main destinations of wool grease exports from Italy, together accounting for 94% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +26.9%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for wool grease exported from Italy were Germany ($X), the UK ($X) and Belgium ($X), together accounting for 90% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +26.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wool grease export price stood at $X per ton in 2022, with an increase of 23% against the previous year. In general, the export price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2020 an increase of 24%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per ton) and Germany ($X per ton), while the average price for exports to the UK ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+34.2%), while the prices for the other major destinations experienced mixed trend patterns.

Wool Grease Imports

Imports into Italy

In 2022, after two years of growth, there was significant decline in purchases abroad of wool grease and fatty substances, when their volume decreased by -25.2% to X tons. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, wool grease imports expanded markedly to $X in 2022. Over the period under review, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of wool grease imports to Italy, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +3.7%), while imports for the other leaders experienced a decline.

In value terms, the largest wool grease suppliers to Italy were Belgium ($X), the UK ($X) and Germany ($X), with a combined 95% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +2.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average wool grease import price stood at $X per ton in 2022, growing by 46% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wool grease import price increased by +99.5% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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