Wool Grease Market Overview in Ecuador
In value terms, wool grease production declined modestly to $ in 2019 estimated in export prices. Overall, production recorded a deep slump. The pace of growth was the most pronounced in 2010 when the production volume increased by % against the previous year. Wool grease production peaked at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
In 2019, the average yield of wool grease in Ecuador was estimated at kg per head, leveling off at the previous year. Over the period under review, the yield showed a relatively flat trend pattern.
In 2019, the number of animals slaughtered for wool grease production in Ecuador totaled head, leveling off at the year before. Overall, the number of producing animals recorded a relatively flat trend pattern.
The revenue of the wool grease market in Ecuador dropped to $ in 2019, waning 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 deep setback. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Wool grease consumption peaked at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.