Report Update Nov 1, 2024

Japan - Wool - Market Analysis, Forecast, Size, Trends and Insights

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Japan: Wool Market 2024

Wool Market Size in Japan

In 2022, the Japanese wool market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wool Exports

Exports from Japan

In 2016, shipments abroad of wool decreased by -67.6% to X kg, falling for the second year in a row after two years of decline. Overall, exports faced a sharp contraction. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2016, the exports failed to regain momentum.

In value terms, wool exports reduced remarkably to $X in 2016. In general, exports faced a deep downturn. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2016, the exports failed to regain momentum.

Exports by Country

South Korea (X kg), Myanmar (X kg) and Canada (X kg) were the main destinations of wool exports from Japan, with a combined 97% share of total exports.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +142.1%), while the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X), Canada ($X) and Myanmar ($X) appeared to be the largest markets for wool exported from Japan worldwide, together accounting for 91% of total exports.

In terms of the main countries of destination, Myanmar, with a CAGR of +185.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wool export price stood at $X per ton in 2016, jumping by 70% against the previous year. In general, the export price saw significant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 188%. Over the period under review, the average export prices hit record highs in 2016 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+18.1%).

Wool Imports

Imports into Japan

In 2022, overseas purchases of wool were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Overall, imports, however, recorded a abrupt descent. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wool imports skyrocketed to $X in 2022. Over the period under review, imports, however, faced a abrupt slump. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

New Zealand (X tons), Australia (X tons) and China (X tons) were the main suppliers of wool imports to Japan, with a combined 81% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +5.0%), while purchases for the other leaders experienced a decline.

In value terms, Australia ($X) constituted the largest supplier of wool to Japan, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by New Zealand, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia amounted to -13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.2% per year) and New Zealand (-16.3% per year).

Import Prices by Country

In 2022, the average wool import price amounted to $X per ton, growing by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 17%. 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wool in the world?

The countries with the highest volumes of wool consumption in 2020 were China, the United States and India, with a combined 35% share of global consumption. These countries were followed by Russia, Brazil, the UK, Pakistan, Germany, Kazakhstan, Italy, Iran, Australia and Egypt, which together accounted for a further 28%.

What are the largest producers of wool in the world?

The countries with the highest volumes of wool production in 2020 were China, the United States and New Zealand, with a combined 34% share of global production. These countries were followed by Russia, Brazil, the UK, Pakistan, Australia, Germany, Kazakhstan, Syrian Arab Republic, Turkey and Iran, which together accounted for a further 30%.

What are the leading suppliers of wool to Japan?

In value terms, Australia, New Zealand and China constituted the largest wool suppliers to Japan, together comprising 80% of total imports. These countries were followed by the UK, France and Belgium, which together accounted for a further 17%.

What are the leading importers of wool from Japan?

In value terms, Lao People's Democratic Republic remains the key foreign market for wool exports from Japan, comprising 63% of total exports. The second position in the ranking was occupied by China, with a 22% share of total exports.

What is the average export price for wool in Japan?

In 2020, the average wool export price amounted to $5,882 per ton, growing by 10% against the previous year.

What is the average import price for wool in Japan?

In 2020, the average wool import price amounted to $5,116 per ton, waning by -28.6% against the previous year.

This report provides an in-depth analysis of the wool market in Japan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13102200 - Wool, degreased or carbonised, not carded or combed

Country coverage:

Japan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Japan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023