Wool Grease Market Overview in Brazil
In value terms, wool grease production shrank markedly to $ in 2019 estimated in export prices. Overall, the total production indicated a mild expansion from 2007 to 2019: its value decreased at an average annual rate of -% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -% against 2012 indices. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Wool grease production peaked at $ in 2012; however, from 2013 to 2019, production failed to regain the momentum.
In 2019, the average yield of wool grease in Brazil totaled kg per head, approximately equating the previous year. Over the period under review, the yield saw a relatively flat trend pattern.
In 2019, the number of animals slaughtered for wool grease production in Brazil amounted to head, standing approx. at the year before. Overall, the number of producing animals continues to indicate a relatively flat trend pattern.
The revenue of the wool grease market in Brazil reduced rapidly 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 abrupt descent. The pace of growth was the most pronounced in 2016 when the market value increased by % against the previous year. Wool grease consumption peaked at $ in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.