Zimbabwe: Wool Grease Market 2020

Wool Grease Market Size in Zimbabwe

The revenue of the wool grease market in Zimbabwe amounted to $X in 2018, going down by -X% against the previous year. In general, the total market indicated a buoyant expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the wool grease market reached its peak figure level at $X in 2017, and then declined slightly in the following year.

Wool Grease Production in Zimbabwe

In value terms, wool grease production totaled $X in 2018 estimated in export prices. In general, wool grease production continues to indicate buoyant growth. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, wool grease production reached its peak figure level at $X in 2017, and then declined slightly in the following year.

Wool Grease Exports

Exports from Zimbabwe

In 2018, approx. X kg of wool grease were exported from Zimbabwe; flattening at the previous year. In general, wool grease exports continue to indicate a relatively flat trend pattern. Over the period under review, wool grease exports reached their peak figure at X kg in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, wool grease exports amounted to $X in 2018. In general, wool grease exports continue to indicate a relatively flat trend pattern. Zimbabwe exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in wool grease exports structure, amounting to X tons, which was approx. X% of total exports in 2018. South Africa (X tons) and New Zealand (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the wool grease exports, with a CAGR of +X% from 2007 to 2018. At the same time, South Africa (+X%) displayed positive paces of growth. New Zealand experienced a relatively flat trend pattern. From 2007 to 2018, the share of Australia and South Africa increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest wool grease supplier from Zimbabwe, comprising X% of global exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of global exports.

In Australia, wool grease exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: South Africa (+X% per year) and New Zealand (+X% per year).

Export Prices by Country

The wool grease export price in Zimbabwe stood at $X per ton in 2018, remaining constant against the previous year. Over the period under review, the wool grease export price continues to indicate a relatively flat trend pattern. Zimbabwe export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was South Africa ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Africa, while the other leaders experienced mixed trends in the export price figures.

Wool Grease Imports

Imports into Zimbabwe

Wool grease imports into Zimbabwe amounted to X kg in 2018, jumping by X% against the previous year. Over the period under review, wool grease imports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Over the period under review, wool grease imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

In value terms, wool grease imports amounted to $X in 2018. Overall, wool grease imports continue to indicate an extraordinary increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, wool grease imports reached their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

China was the largest importer of wool grease in the world, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2018. It was distantly followed by India (X tons), achieving a X% share of total imports. The Czech Republic (X tons), Turkey (X tons), Egypt (X tons), the UK (X tons), Italy (X tons), Uruguay (X tons) and Taiwan, Chinese (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Egypt (+X%), India (+X%), Uruguay (+X%), the UK (+X%) and the Czech Republic (+X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Turkey and Taiwan, Chinese experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.), India (+X p.p.) and Egypt (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported wool grease into Zimbabwe, comprising X% of global imports. The second position in the ranking was occupied by India ($X), with a X% share of global imports. It was followed by the Czech Republic, with a X% share.

In China, wool grease imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (+X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

In 2018, the wool grease import price in Zimbabwe amounted to $X per ton, remaining constant against the previous year. In general, the wool grease import price continues to indicate a prominent increase. The pace of growth was the most pronounced in 2016 an increase of X% y-o-y. Over the period under review, the import prices for wool grease attained their peak figure in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Italy ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform