United Kingdom - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUK Animal Fats Experience Staggering 56% Price Surge, Now at $6,191 per Ton
United Kingdom Animal Fats Import Price in May 2023
In May 2023, the animal fats price stood at $6,191 per ton (CIF, United Kingdom), rising by 56% against the previous month. Over the period under review, the import price posted a tangible increase. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 283% against the previous month. As a result, import price reached the peak level of $8,735 per ton. From September 2022 to May 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Norway ($22,666 per ton), while the price for Ireland ($1,532 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Belgium (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Animal Fats in United Kingdom (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| Norway | 15,394 | 25,853 | 12,592 | 24,517 | 17,265 | 20,674 | 31,574 | 34,927 | 34,308 | 16,893 | 23,279 | 30,062 | 22,666 |
| France | 5,726 | 26,845 | N/A | 4,807 | 4,900 | 34,275 | 4,964 | 4,921 | 7,552 | 48,453 | 12,320 | 41,825 | 5,889 |
| Belgium | 1,513 | 1,681 | 1,669 | N/A | N/A | 2,006 | 1,786 | 1,849 | 1,841 | 1,856 | 1,878 | 2,373 | 2,811 |
| Ireland | 1,662 | 1,651 | 1,840 | 1,830 | 1,771 | 1,775 | 1,861 | 1,764 | 1,720 | 1,534 | 1,533 | 1,515 | 1,532 |
| Chile | 16,714 | 20,804 | N/A | 23,639 | N/A | 17,773 | N/A | 21,067 | N/A | 20,100 | N/A | N/A | N/A |
| Colombia | N/A | 13,202 | N/A | 14,264 | 9,080 | N/A | N/A | N/A | N/A | 19,509 | N/A | N/A | N/A |
| Average | 3,582 | 8,196 | 2,278 | 8,735 | 8,611 | 5,987 | 5,741 | 5,557 | 7,678 | 5,689 | 6,182 | 3,978 | 6,191 |
United Kingdom Animal Fats Imports
In May 2023, supplies from abroad of animal fats and oils was finally on the rise to reach 150 tons for the first time since November 2022, thus ending a five-month declining trend. Overall, imports, however, saw a slight contraction. The pace of growth was the most pronounced in November 2022 when imports increased by 63% month-to-month. As a result, imports reached the peak of 228 tons. From December 2022 to May 2023, the growth of imports remained at a somewhat lower figure.
In value terms, animal fats imports surged to $927K (IndexBox estimates) in May 2023. In general, imports continue to indicate a measured expansion.
United Kingdom Animal Fats Imports by Country
Belgium (53 tons), Ireland (52 tons) and Norway (25 tons) were the main suppliers of animal fats imports to the UK, with a combined 87% share of total imports.
From May 2022 to May 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +11.4%), while imports for the other leaders experienced a decline.
In value terms, Norway ($568K) constituted the largest supplier of animal fats to the UK, comprising 61% of total imports. The second position in the ranking was held by Belgium ($149K), with a 16% share of total imports. It was followed by France, with a 9.9% share.
From May 2022 to May 2023, the average monthly growth rate of value from Norway stood at +15.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Belgium (+3.3% per month) and France (-0.7% per month).
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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
