Wool Grease Market in Israel
Market Overview
After two years of growth, the Israeli wool grease market decreased by -
% to $ in . Over the period under review, consumption, however, showed a relatively flat trend pattern. Wool grease consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.
% to $ in . Over the period under review, consumption, however, showed a relatively flat trend pattern. Wool grease consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.Consumption
In , approx. tons of wool grease and fatty substances were consumed in Israel; shrinking by -% compared with figures. Over the period under review, consumption showed a noticeable slump. As a result, consumption reached the peak volume of tons. From 2012 to , the growth of the consumption failed to regain momentum.
The revenue of the wool grease market in Israel shrank notably to $ in , declining 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, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption failed to regain momentum.
, approx. tons of wool grease and fatty substances were consumed in Israel; shrinking by -% compared with figures. Over the period under review, consumption showed a noticeable slump. As a result, consumption reached the peak volume of tons. From 2012 to , the growth of the consumption failed to regain momentum.The revenue of the wool grease market in Israel shrank notably to $
in , declining 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, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for wool grease in Israel, the market is expected to continue its downward consumption trend over the next eight years. 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 Israel consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Israel relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Israel 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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