HS Code:
Wool grease, crude (HS Code: 1505.00) refers to the natural grease or fat obtained from sheep's wool during the wool cleaning process. Also known as lanolin in its refined form, crude wool grease is primarily used in the cosmetics, pharmaceutical, and industrial sectors for products like creams, ointments, and lubricants. It serves as a key raw material due to its moisturizing and protective properties.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$90 million USD
36% of total trade of total trade
Increasing
$60 million USD
24% of total trade of total trade
Stable
$30 million USD
12% of total trade of total trade
Increasing
$20 million USD
8% of total trade of total trade
Stable
$15 million USD
6% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
15% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Australia)
Growing demand in cosmetics and personal care
Increased exports from major producers like Australia and New Zealand due to rising demand for natural and sustainable ingredients in skincare products.
2021-2022
Shift toward sustainable sourcing
Buyers are prioritizing suppliers with ethical and environmentally friendly practices, influencing trade patterns toward certified producers.
2020-2022
Rising production costs
Higher costs of wool processing and environmental compliance are affecting profit margins for exporters, particularly in smaller markets.
2022
Negotiations for a free trade agreement between Australia and the EU have progressed, potentially reducing tariffs on wool grease exports to Europe.
June 2023
Expected to boost Australian exports by 10-15% over the next five years.
China introduced stricter import standards for wool grease to ensure purity and safety in pharmaceutical applications.
January 2023
Smaller exporters may face challenges in meeting these standards, potentially reducing their market share in China.
Major wool grease producers in New Zealand launched a certification program for sustainable and ethical sourcing.
March 2023
Enhances market competitiveness in regions with high demand for green products, such as North America and Europe.