Greasy Wool Market in Spain
Market Overview
In 
, the Spanish greasy wool market decreased by -% to $, falling for the second year in a row after three years of growth. Overall, consumption continues to indicate a deep contraction. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
In value terms, greasy wool production fell to $ in estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. Greasy wool production peaked at $ in 2008; however, from 2009 to , production remained at a lower figure.
, the Spanish greasy wool market decreased by -% to $, falling for the second year in a row after three years of growth. Overall, consumption continues to indicate a deep contraction. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.In value terms, greasy wool production fell to $
in estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. Greasy wool production peaked at $ in 2008; however, from 2009 to , production remained at a lower figure.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 showed a perceptible slump. Greasy wool consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.
The revenue of the greasy wool market in Spain contracted 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). Overall, consumption saw a deep contraction. Greasy wool consumption peaked at $ in 2007; however, from 2008 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 showed a perceptible slump. Greasy wool consumption peaked at tons in 2007; however, from 2008 to , consumption remained at a lower figure.The revenue of the greasy wool market in Spain contracted 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). Overall, consumption saw a deep contraction. Greasy wool consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for greasy wool in Spain, the market is expected to continue its downward consumption trend over the next eight-year period. 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
The growth in the share of Spain 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.
% in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.Trade Balance
Spain 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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