What is the price of wool grease per kilogram/pound in Australia today?
The retail price range for Australia wool grease is between US$ 3.88 and US$ 17.48 per kilogram or between US$ 1.76 and US$ 7.93 per pound(lb). Click here to see today's exact prices of wool grease in Australia
The retail price range in Australian Dollar for wool grease is between AUD 5.84 and AUD 26.29 per kilogram or between AUD 2.65 and AUD 11.92 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia wool grease is between US$ 2.72 and US$ 12.23 per kilogram or between US$ 1.23 and US$ 5.55 per pound(lb).
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Australia Wool Grease Export Prices - Historical, Trends and Prediction
The export price per kilogram of Wool Grease from Australia over the last five years has been quite volatile. In 2017, the price was at its lowest point of 3.87 US $ per kg, before increasing to 4.12 US $ per kg in 2019. The highest price was recorded in 2020 at 5.97 US $ per kg. Currently, the price stands at 5.57 US $ per kg. It is expected that the price of Wool Grease will remain relatively stable in the next two years, with a predicted price of 5.57 US $ per kg in 2023 and 5.58 US $ per kg in 2024.The wool grease exports from Australia are categorised as:
- Crude wool grease (HS code 150510)
- Wool grease and fatty substances derived therefrom, incl. lanolin (HS code 150500)
- Wool grease and fatty substances derived therefrom incl. lanolin (excluding crude) (HS code 150590)
Australia Wool Grease Import Prices - Historical, Trends and Prediction
The import price per kilogram of Wool Grease into Australia over the last five years has been relatively stable. In 2017, the price was $3.87, followed by $3.84 in 2018 and $4.12 in 2019. In 2020, the price increased to $5.97, before dropping to $5.14 in 2021 and then increasing again to $5.57 in 2022. Overall, the import price per kilogram of Wool Grease into Australia has seen a slight increase over the last five years. Based on this trend, it is predicted that the import price per kilogram of Wool Grease into Australia will be $5.80 in 2023 and $6.00 in 2024.Export values for Australia wool grease
The total values in export for wool grease in Australia were US$ 5,972, US$ 6,322, US$ 5,424 and US$ 4,879 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Australia: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of wool grease in other countries across Oceania: Fiji wool grease, French Polynesia wool grease, Guam wool grease, Micronesia wool grease, New Caledonia wool grease, Papua New Guinea wool grease, Samoa wool grease, Solomon Islands wool grease, Tonga wool grease & Vanuatu wool grease.
Australia wool grease - Production, Exports, Imports, Seasons and HS Codes
The quantity of wool grease sold by Australia in 2020 was 672 metric tons. In 2019 Australia exported 1,185 tonnes of wool grease. Through 2019 alone, the interest in Australia wool grease (processed category) has reduced, changing by -16.136 per cent compared to the year 2018. Between 2017 and 2019, wool grease's exports reduced by -27.39% earning the nation US$4.88m for the year 2019. Australia's wool grease exports are classified as:
- Wool grease and fatty substances derived therefrom incl. lanolin (excluding crude) (HS code 150590)
- Crude wool grease (HS code 150510)
- Wool grease and fatty substances derived therefrom, incl. lanolin (HS code 150500)
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Australia wool grease export values
In 2019, Australia exported wool grease valued at 4.88m USD, a drop of -10.03% from 2018's total wool grease export of 5.424m USD. The annual reduction in value of Australia wool grease between 2017 to 2018 was -14.204%.
The yearly variation in the amount of Australia's wool grease exports between 2017 and 2019 was -27.39% when compared to a variation of -16.136% in the growth rate between 2018 and 2019.
Australia's share of the world's total wool grease's exports in 2019 was 4.7%. Australia is ranked number 7 in world exports of wool grease.
Export markets for Australia wool grease ( in '000$ )
Australia's best performing destinations for wool grease are Bulgaria, Japan, Thailand, South Korea and Iran.
Import/Export Trends
Australia is a net exporter of wool grease. The annual growth of Australia wool grease in value between 2015 to 2019 was 23%, per year, while annual growth in quantity through the same period was 24%, per annum.
Australia bought 262 tonnes of wool grease in 2019.