Greasy Wool Market in Russia
Market Overview
In 
, the Russian greasy wool market increased by % to $, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a lower figure.
In value terms, greasy wool production fell modestly to $ in estimated in export price. Over the period under review, the total production indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2012 to , production growth remained at a lower figure.
, the Russian greasy wool market increased by % to $, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market remained at a lower figure.In value terms, greasy wool production fell modestly to $
in estimated in export price. Over the period under review, the total production indicated tangible growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against indices. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2012 to , production growth remained at a lower figure.Consumption
In , approx. tons of greasy wool were consumed in Russia; with an increase of % compared with the previous year's figure. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, consumption attained the maximum volume at tons in 2009; however, from 2010 to , consumption remained at a lower figure.
The size of the greasy wool market in Russia rose modestly 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $. From 2012 to , the growth of the market remained at a lower figure.
, approx. tons of greasy wool were consumed in Russia; with an increase of % compared with the previous year's figure. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, consumption attained the maximum volume at tons in 2009; however, from 2010 to , consumption remained at a lower figure.The size of the greasy wool market in Russia rose modestly 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $. From 2012 to , the growth of the market remained at a lower figure.Market Forecast
The greasy wool market is expected to start a downward consumption trend over the next eight years. 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, imports of greasy wool in Russia 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.
Trade Balance
Russia remains a net importer of greasy wool; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. 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.
. In , there was a trade deficit of tons, which was equal to $. 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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