Wool Grease Market in Greece
Market Overview
The Greek wool grease market skyrocketed to $
in , jumping 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 recorded a significant increase. Wool grease consumption peaked in and is likely to see gradual growth in the immediate term.
in , jumping 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 recorded a significant increase. Wool grease consumption peaked in and is likely to see gradual growth in the immediate term.Consumption
In , consumption of wool grease and fatty substances in Greece soared to tons, picking up by % against . In general, consumption saw a prominent increase. Over the period under review, consumption reached the peak volume at tons in 2018; however, from 2019 to , consumption remained at a lower figure.
The value of the wool grease market in Greece skyrocketed to $ in , jumping 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). Over the period under review, consumption posted a significant expansion. Over the period under review, the market reached the peak level in and is likely to see steady growth in the near future.
, consumption of wool grease and fatty substances in Greece soared to tons, picking up by % against . In general, consumption saw a prominent increase. Over the period under review, consumption reached the peak volume at tons in 2018; however, from 2019 to , consumption remained at a lower figure.The value of the wool grease market in Greece skyrocketed to $
in , jumping 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). Over the period under review, consumption posted a significant expansion. Over the period under review, the market reached the peak level in and is likely to see steady growth in the near future.Market Forecast
Driven by increasing demand for wool grease and fatty substances in Greece, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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 Greece consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Greece relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Greece 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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