Wool Grease Market in the United Kingdom
Market Overview
The UK wool grease market declined remarkably to $
in , falling 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 continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. from 2012 to , the growth of the market remained at a lower figure.
in , falling 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 continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. from 2012 to , the growth of the market remained at a lower figure.Consumption
In , approx. tonnes of wool grease and fatty substances were consumed in the UK; with a decrease of -% compared with 2019 figures. In general, consumption saw a abrupt downturn. The growth pace was the most rapid in 2011 when the consumption volume increased by % against the previous year. As a result, consumption attained the peak volume of tonnes. from 2012 to , the growth of the consumption failed to regain the momentum.
The size of the wool grease market in the UK contracted notably to $ in , reducing 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 faced a deep downturn. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. from 2012 to , the growth of the market remained at a lower figure.
, approx. tonnes of wool grease and fatty substances were consumed in the UK; with a decrease of -% compared with 2019 figures. In general, consumption saw a abrupt downturn. The growth pace was the most rapid in 2011 when the consumption volume increased by % against the previous year. As a result, consumption attained the peak volume of tonnes. from 2012 to , the growth of the consumption failed to regain the momentum.The size of the wool grease market in the UK contracted notably to $
in , reducing 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 faced a deep downturn. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. from 2012 to , the growth of the market remained at a lower figure.Market Forecast
Depressed by shrinking demand for wool grease in the UK, the market is expected to continue its downward consumption trend over the next decade. 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 tonnes by the end of .
% for the period from to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last thirteen years (from % to %). Total import supply of wool grease is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of wool grease is expected to rise, though it will be moderately impacted by price increases.Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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