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Wool grease and fatty substances derived therefrom (including lanolin)

1505 (Harmonized System 1992 for 4-digit)

2022
World Trade $291MRnk 1114 / 1218
2022
Top Exporter | Top Importer $76M | $47.9MChina | Germany
2021 - 2022
Export Growth (CAGR) 14.7%Rnk 283 / 1218
2022
Share of World Trade 0.0012%Rnk 1114 / 1218

About

Overview This page contains the latest trade data of Wool Grease. In 2022, Wool Grease were the world's 1114th most traded product, with a total trade of $291M. Between 2021 and 2022 the exports of Wool Grease grew by 14.7%, from $253M to $291M. Trade in Wool Grease represent 0.0012% of total world trade.

Wool Grease are a part of Animal or vegetable fats, oils, & waxes. They include Derivatives of wool grease (including lanolin) and Wool grease, crude.

Exports In 2022 the top exporters of Wool Grease  were China ($76M), United Kingdom ($50.3M), Japan ($25.8M), Belgium ($23.9M), and Germany ($19.8M).

Imports In 2022 the top importers of Wool Grease were Germany ($47.9M), United States ($35.1M), United Kingdom ($29.8M), Japan ($28.1M), and Belgium ($16.1M).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wool Grease. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$76M
Top Destination (2022)Germany$47.9M

In 2022 Wool Grease were the world's 1114th most traded product (out of 1,218).

In 2022, the top exporters of Wool Grease were China ($76M), United Kingdom ($50.3M), Japan ($25.8M), Belgium ($23.9M), and Germany ($19.8M).

In 2022, the top importers of Wool Grease were Germany ($47.9M), United States ($35.1M), United Kingdom ($29.8M), Japan ($28.1M), and Belgium ($16.1M).

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Exporters of Wool Grease (2022)
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Importers of Wool Grease (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Kingdom$17.9M
Top Destination Growth (2021 -  2022)Germany$11.8M

Between 2021 and 2022, the exports of Wool Grease grew the fastest in United Kingdom ($17.9M), Italy ($3.8M), China ($3.75M), Germany ($3.34M), and South Africa ($2.55M).

Between 2021 and 2022, the fastest growing importers of Wool Grease were Germany ($11.8M), United States ($8.03M), Belgium ($6.63M), Netherlands ($3.72M), and Uruguay ($2.41M).

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Exporters of Wool Grease (2021 - 2022)

Importers of Wool Grease (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wool Grease.

In 2022, market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Wool Grease are explained by 12 countries.

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Value of Exports in Wool Grease

Net Trade

TOP NET EXPORTER (2022)China$73.6M
TOP NET IMPORTER (2022)Germany$28.1M

This map shows which countries export or import more of Wool Grease. Each country is colored based on the difference in exports and imports of Wool Grease during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Wool Grease were China ($73.6M), United Kingdom ($20.4M), New Zealand ($12.3M), Belgium ($7.73M), and Uruguay ($6.12M).

In 2022, the countries that had a largest trade value in imports than in exports of Wool Grease were Germany ($28.1M), United States ($26.6M), Mexico ($7.72M), Brazil ($6.59M), and France ($6.24M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Wool Grease.
It is possible to select the main countries that export or import Wool Grease in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wool Grease by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $1.66M
TOP IMPORT POTENTIALJapan+ $226k

Wool Grease’s highest export potential is India. With an export gap of $1.66M.  Wool Grease’s highest import potential is Japan with an import gap of $226k.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Country by Relatedness

The following visualization shows the relatedness of Wool Grease to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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