Greasy Wool Market in Finland
Market Overview
The Finnish greasy wool market soared to $
in , increasing 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, the total consumption indicated a modest increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market reached the maximum level at $ in ; however, from to , consumption failed to regain momentum.
In value terms, greasy wool production rose significantly to $ in estimated in export price. Overall, production, however, recorded notable growth. The pace of growth was the most pronounced in 2018 when the production volume increased by % against the previous year. Greasy wool production peaked at $ in ; however, from to , production remained at a lower figure.
in , increasing 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, the total consumption indicated a modest increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market reached the maximum level at $ in ; however, from to , consumption failed to regain momentum.In value terms, greasy wool production rose significantly to $
in estimated in export price. Overall, production, however, recorded notable growth. The pace of growth was the most pronounced in 2018 when the production volume increased by % against the previous year. Greasy wool production peaked at $ in ; however, from to , production remained at a lower figure.Consumption
In , approx. tons of greasy wool were consumed in Finland; jumping by % against figures. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in 2010; however, from 2011 to , consumption failed to regain momentum.
The revenue of the greasy wool market in Finland skyrocketed to $ in , with an increase of % 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, the total consumption indicated a modest increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market attained the peak level at $ in ; however, from to , consumption stood at a somewhat lower figure.
, approx. tons of greasy wool were consumed in Finland; jumping by % against figures. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, consumption hit record highs at tons in 2010; however, from 2011 to , consumption failed to regain momentum.The revenue of the greasy wool market in Finland skyrocketed to $
in , with an increase of % 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, the total consumption indicated a modest increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, the market attained the peak level at $ in ; however, from to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for greasy wool in Finland, 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
Over the period under review, imports of greasy wool in Finland were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for greasy wool. In , the share of imports in total consumption accounted for % in value terms and less than % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and less than % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Finland 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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