Greasy Wool Market in Canada
Market Overview
In 
, the Canadian greasy wool market decreased by -% to $, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, posted a mild increase. Greasy wool consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.
In value terms, greasy wool production expanded notably to $ in estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2011; however, from 2012 to , production failed to regain momentum.
, the Canadian greasy wool market decreased by -% to $, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, posted a mild increase. Greasy wool consumption peaked at $ in 2015; however, from 2016 to , consumption remained at a lower figure.In value terms, greasy wool production expanded notably to $
in estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2011; however, from 2012 to , production failed to regain momentum.Consumption
In , consumption of greasy wool decreased by -% to tons, falling for the second year in a row after three years of growth. In general, consumption, however, enjoyed a slight expansion. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption remained at a lower figure.
The value of the greasy wool market in Canada reduced to $ in , dropping 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, however, posted slight growth. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to , consumption remained at a lower figure.
, consumption of greasy wool decreased by -% to tons, falling for the second year in a row after three years of growth. In general, consumption, however, enjoyed a slight expansion. Over the period under review, consumption hit record highs at tons in ; however, from to , consumption remained at a lower figure.The value of the greasy wool market in Canada reduced to $
in , dropping 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, however, posted slight growth. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to , consumption remained at a lower figure.Market Forecast
The greasy wool market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 eight-year 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
Over the period under review, the share of imports in terms of total greasy wool consumption in Canada was relatively small in physical terms, fluctuating under an % figure. In value terms the share of imports also stood at a low figure, which means that the Canada greasy wool market is largely supplied by domestic manufacturers. The growth in the share of Canada imports of in the greasy wool market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.
% figure. In value terms the share of imports also stood at a low figure, which means that the Canada greasy wool market is largely supplied by domestic manufacturers. The growth in the share of Canada imports of in the greasy wool market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.Trade Balance
Canada remains a net exporter of greasy wool; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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