Wool Market Overview in Spain
In value terms, wool production reached $ in 2018 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2013 to 2018, production growth failed to regain the momentum.
The size of the wool market in Spain reduced remarkably to $ in 2018, which is down 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, consumption, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2012 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2017, and then contracted dramatically in the following year.