Wool Grease Market in Spain
Market Overview
The Spanish wool grease market rose significantly to $
in , growing 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2012; however, from 2013 to , consumption remained at a lower figure.
in , growing 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $ in 2012; however, from 2013 to , consumption remained at a lower figure.Consumption
In , consumption of wool grease and fatty substances in Spain expanded significantly to tons, surging by % against the previous year's figure. In general, consumption, however, continues to indicate a noticeable contraction. Over the period under review, consumption hit record highs at tons in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
The value of the wool grease market in Spain reached $ in , surging 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, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.
, consumption of wool grease and fatty substances in Spain expanded significantly to tons, surging by % against the previous year's figure. In general, consumption, however, continues to indicate a noticeable contraction. Over the period under review, consumption hit record highs at tons in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.The value of the wool grease market in Spain reached $
in , surging 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, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2012; however, from 2013 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for wool grease in Spain, 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 Spain consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Spain relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
Spain 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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