Report Update Nov 1, 2024

Venezuela - Greasy Wool - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Greasy Wool Market 2024

Greasy Wool Market Size in Venezuela

For the seventh consecutive year, the Venezuelan greasy wool market recorded growth in sales value, which increased by 15% to $X in 2022. Over the period under review, consumption continues to indicate significant growth. Greasy wool consumption peaked in 2022 and is expected to retain growth in years to come.

Greasy Wool Production in Venezuela

In value terms, greasy wool production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume decreased by 99.9%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in years to come.

Greasy Wool Imports

Imports into Venezuela

For the seventh consecutive year, Venezuela recorded growth in purchases abroad of greasy wool, which increased by 15% to X tons in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2014 when imports increased by 268%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, greasy wool imports expanded rapidly to $X in 2022. Over the period under review, imports posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 206%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, South Africa (X tons) was the main greasy wool supplier to Venezuela, with a 100% share of total imports. It was followed by Panama (X kg), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from South Africa amounted to +14.3%.

In value terms, South Africa ($X) constituted the largest supplier of greasy wool to Venezuela, comprising 100% of total imports. The second position in the ranking was held by Panama ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa totaled +14.2%.

Import Prices by Country

In 2022, the average greasy wool import price amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2015 an increase of 82%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Panama ($X per ton), while the price for South Africa totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+4.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for greasy wool in the world?

China constituted the country with the largest volume of greasy wool consumption, accounting for 33% of total volume. Moreover, greasy wool consumption in China exceeded the figures recorded by the second-largest consumer, New Zealand, fivefold. India ranked third in terms of total consumption with a 6% share.

What are the largest producers of greasy wool in the world?

The countries with the highest volumes of greasy wool production in 2021 were China, Australia and New Zealand, with a combined 42% share of global production. These countries were followed by Turkey, the UK, Morocco, Iran, Russia, South Africa, India, Pakistan, Argentina and Turkmenistan, which together accounted for a further 28%.

What are the leading suppliers of greasy wool to Venezuela?

In value terms, Panama $491) constituted the largest supplier of greasy wool to Venezuela.

What is the average import price for greasy wool in Venezuela?

The average greasy wool import price stood at $8,049 per ton in 2021, growing by 4.4% against the previous year.

This report provides an in-depth analysis of the greasy wool market in Venezuela. 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:

FCL 987 - Wool, Greasy

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
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