Wool Market Overview in Spain
In value terms, wool production totaled $3.8M in 2010 estimated in export prices. In general, wool production continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2009 with a decrease of -3.2% year-to-year. Over the period under review, wool production reached its peak figure level at $6.8M in 2007; however, from 2008 to 2010, production remained at a lower figure.
The revenue of the wool market in Spain amounted to $3.2M in 2010, jumping by 14% 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, wool consumption continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2010 when the market value increased by 14% year-to-year. Wool consumption peaked at $4M in 2007; however, from 2008 to 2010, consumption failed to regain its momentum.