Wool Grease Market in Canada
Market Overview
For the fourth consecutive year, the Canadian wool grease market recorded growth in sales value, which increased by 
% to $ in . In general, consumption, however, saw a relatively flat trend pattern. Wool grease consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
% to $ in . In general, consumption, however, saw a relatively flat trend pattern. Wool grease consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.Consumption
In , after three years of growth, there was significant decline in consumption of wool grease and fatty substances, when its volume decreased by -% to tons. Over the period under review, consumption continues to indicate a abrupt setback. Over the period under review, consumption reached the peak volume at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
The revenue of the wool grease market in Canada soared to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
, after three years of growth, there was significant decline in consumption of wool grease and fatty substances, when its volume decreased by -% to tons. Over the period under review, consumption continues to indicate a abrupt setback. Over the period under review, consumption reached the peak volume at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.The revenue of the wool grease market in Canada soared to $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for wool grease in Canada, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Wool grease market in Canada consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Canada relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Canada remains a net importer of wool grease; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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