United Kingdom - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUK Imports of Animal Fats Surge to $1.5M in December 2023
United Kingdom Animal Fats Imports
Animal fats imports into the UK surged to 233 tons in December 2023, growing by 35% on the previous month's figure. In general, total imports indicated a mild expansion from December 2022 to December 2023: its volume increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, imports increased by +34.9% against November 2023 indices. The growth pace was the most rapid in May 2023 when imports increased by 53% against the previous month. Imports peaked in December 2023.
In value terms, animal fats imports skyrocketed to $1.5M (IndexBox estimates) in December 2023. Over the period under review, imports showed temperate growth. The most prominent rate of growth was recorded in September 2023 when imports increased by 150% month-to-month. As a result, imports reached the peak of $1.8M. From October 2023 to December 2023, the growth of imports remained at a somewhat lower figure.
| COUNTRY | Import Value of Animal Fats in United Kingdom (thousand USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | |
| Norway | 212 | 756 | 89.9 | 284 | 166 | 568 | 473 | 448 | 206 | 511 | 45.8 | 296 | 841 |
| France | 167 | 132 | 27.6 | 129 | 39.7 | 91.9 | 19.1 | 20.2 | 204 | 95.1 | 234 | 216 | 346 |
| Belgium | 147 | 48.1 | 49.1 | 98.7 | 125 | 149 | 224 | 226 | 75.5 | 214 | 213 | 71.9 | 74.0 |
| Ireland | 88.4 | 135 | 93.1 | 46.8 | 58.8 | 80.1 | 112 | 58.6 | 86.6 | 61.1 | 79.4 | 86.0 | 72.0 |
| Chile | 268 | N/A | 306 | N/A | N/A | N/A | N/A | N/A | N/A | 458 | N/A | N/A | N/A |
| Peru | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 169 | 168 | 171 | N/A |
| Others | 149 | 40.1 | 71.6 | 102 | N/A | 35.7 | 121 | N/A | 164 | 335 | 29.2 | 172 | 142 |
| Total | 1,032 | 1,111 | 637 | 660 | 390 | 925 | 949 | 753 | 736 | 1,843 | 769 | 1,013 | 1,475 |
Imports by Country
Norway (82 tons), France (63 tons) and Ireland (57 tons) were the main suppliers of animal fats imports to the UK, with a combined 87% share of total imports.
From December 2022 to December 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +24.2%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Norway ($841K) constituted the largest supplier of animal fats to the UK, comprising 57% of total imports. The second position in the ranking was taken by France ($346K), with a 23% share of total imports. It was followed by Belgium, with a 5% share.
From December 2022 to December 2023, the average monthly rate of growth in terms of value from Norway amounted to +12.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: France (+6.2% per month) and Belgium (-5.5% per month).
Import Prices by Country
In December 2023, the animal fats price amounted to $6,342 per ton (CIF, United Kingdom), surging by 7.9% against the previous month. Over the period under review, import price indicated a mild increase from December 2022 to December 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, animal fats import price increased by +67.4% against October 2023 indices. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 68% against the previous month. As a result, import price attained the peak level of $9,512 per ton. From October 2023 to December 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Denmark ($36,852 per ton), while the price for Ireland ($1,254 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Chile (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the animal fats market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10416030 - Animal fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
