Wool Grease Market in Angola
Market Overview
In 
, after three years of growth, there was significant decline in the Angolan wool grease market, when its value decreased by -% to $. Overall, consumption showed a perceptible downturn. Wool grease consumption peaked at $ in 2010; however, from 2011 to , consumption remained at a lower figure.
, after three years of growth, there was significant decline in the Angolan wool grease market, when its value decreased by -% to $. Overall, consumption showed a perceptible downturn. Wool grease consumption peaked at $ in 2010; however, from 2011 to , consumption remained at a 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 recorded a mild setback. Wool grease consumption peaked at tons in 2010; however, from 2011 to , consumption failed to regain momentum.
The value of the wool grease market in Angola declined remarkably to $ in , with a decrease of -% 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). In general, consumption showed a noticeable shrinkage. Wool grease consumption peaked at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.
, 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 recorded a mild setback. Wool grease consumption peaked at tons in 2010; however, from 2011 to , consumption failed to regain momentum.The value of the wool grease market in Angola declined remarkably to $
in , with a decrease of -% 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). In general, consumption showed a noticeable shrinkage. Wool grease consumption peaked at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for wool grease in Angola, 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 kg 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 kg 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 Angola consists almost entirely of imported products.
Trade Balance
Angola 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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