What is the price of wool grease per kilogram/pound in South Africa today?
The retail price range for South Africa wool grease is between US$ 3.88 and US$ 5.82 per kilogram or between US$ 1.76 and US$ 2.64 per pound(lb). Click here to see today's exact prices of wool grease in South Africa
The retail price range in Rand for wool grease is between ZAR 75.44 and ZAR 113.16 per kilogram or between ZAR 34.21 and ZAR 51.32 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa wool grease is between US$ 2.72 and US$ 4.08 per kilogram or between US$ 1.23 and US$ 1.85 per pound(lb).
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South Africa Wool Grease Export Prices - Historical, Trends and Prediction
In the years 2015, 2016, 2017, 2018 and 2019, the export price of Wool Grease from South Africa was US$ 2.01, US$ 2.13, US$ 0.65, US$ 2.37 and US$ 2.55 per Kg respectively. For the year 2021, the export price was US$ 2.60 per Kg. For 2023, its estimated to be at US$ 3.03
The wool grease exports from South Africa are categorised as:
- Crude wool grease (HS code 150510)
- Wool grease and fatty substances derived therefrom incl. lanolin (excluding crude) (HS code 150590)
- Wool grease and fatty substances derived therefrom, incl. lanolin (HS code 150500)
South Africa Wool Grease Import Prices - Historical, Trends and Prediction
The import price per kilogram of Wool Grease into South Africa has seen a significant fluctuation over the past five years. In 2017, the price was recorded at $3.08, followed by a sharp increase to $6.53 in 2018. The price then dropped to $6.22 in 2019 and rose again to $6.95 in 2020. 2021 saw the highest import price of $17.47, before dropping to $2.13 in 2022. Looking ahead, it is likely that the import price of Wool Grease into South Africa will remain relatively stable in the next two years. We predict that the import price for 2023 will be around $4.00 and for 2024 it will be around $3.50.Export values for South Africa wool grease
The total values in export for wool grease in South Africa were US$ 570, US$ 438, US$ 209 and US$ 112 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in South Africa: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of wool grease in other countries across Africa: Algeria wool grease, Angola wool grease, Botswana wool grease, Burundi wool grease, Cameroon wool grease, Cape Verde wool grease, Central African Republic wool grease, Comoros wool grease, DRC Congo wool grease & Benin wool grease.
South Africa wool grease - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa sold 31,123 tonnes of wool grease. For the year 2019 alone, the demand for South Africa wool grease (processed category) has gone down, with a change of -12.47 pc compared to the year 2018. Between 2017 and 2019, wool grease's exports reduced by -12.3% bringing the nation US$0.11m for the year 2019. South Africa's wool grease exports are classified as:
- Wool grease and fatty substances derived therefrom, incl. lanolin (HS code 150500)
- Wool grease and fatty substances derived therefrom incl. lanolin (excluding crude) (HS code 150590)
- Crude wool grease (HS code 150510)
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South Africa wool grease export values
In 2019, South Africa sold wool grease worth 0.11m USD, a reduction of -47.37% from 2018's total wool grease export of 0.209m USD. The yearly reduction in value of South Africa wool grease between 2017 to 2018 was -52.283%.
The annual/yearly variation in the quantity of South Africa's wool grease exports between 2017 and 2019 was -12.3 percent in comparison to a variation of -12.47% in the period between 2018 and 2019.
South Africa's share of the world's total wool grease's exports in 2019 was 1.1 per cent. The country is ranked position 13 in world exports of wool grease.
Export markets for South Africa wool grease ( in '000$ )
South Africa's leading destinations for wool grease are Czech Republic, Bulgaria, Australia, Italy and Malaysia.
Import/Export Trends
South Africa is a net exporter of wool grease. The annual growth of South Africa wool grease in value between 2015 to 2019 was 4%, per year, while annual growth in quantity for the same period was 4%, per annum.
South Africa procured 223 tonnes of wool grease in 2019.