United Kingdom - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil And Tallow Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUK's Oleo Oils Exports Reach Unprecedented $49M in 2023
United Kingdom Oleo oils Exports
In 2023, after four years of decline, there was significant growth in shipments abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, when their volume increased by 112% to 45K tons. Overall, exports posted a notable expansion. Over the period under review, the exports reached the peak figure at 59K tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.
In value terms, oleo oils exports skyrocketed to $49M (IndexBox estimates) in 2023. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2014 when exports increased by 98% against the previous year. The exports peaked in 2023 and are likely to see steady growth in years to come.
| COUNTRY | Export Value of Oleo oils in United Kingdom (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 33.8 |
| Belgium | 2.7 | 5.2 | 1.6 | 1.9 | 0.3 | 0.1 | N/A | 2.1 | 1.2 | 1.6 | 0.4 |
| Germany | 0.1 | 0.9 | 0.4 | 0.1 | 3.4 | 1.4 | 0.1 | 0.6 | 0.6 | 0.3 | 0.1 |
| Netherlands | 11.5 | 15.8 | 14.1 | 16.7 | 30.0 | 29.4 | 30.3 | 27.9 | 21.3 | N/A | N/A |
| Italy | 4.0 | 6.2 | 2.0 | 0.9 | N/A | 0.2 | 0.3 | 1.4 | 0.7 | N/A | N/A |
| France | N/A | 1.2 | 0.3 | N/A | 3.0 | 0.7 | N/A | 0.6 | N/A | N/A | N/A |
| Ireland | 1.6 | 9.7 | 1.3 | 2.2 | 2.9 | 2.0 | 2.9 | 5.1 | 9.1 | 0.3 | N/A |
| Others | 0.9 | 2.2 | N/A | 0.5 | 0.7 | 0.7 | N/A | 0.1 | 0.2 | 25.1 | 15.0 |
| Total | 20.8 | 41.2 | 19.7 | 22.3 | 40.3 | 34.4 | 33.6 | 37.8 | 33.1 | 27.4 | 49.3 |
Exports by Country
the United States (27K tons) was the main destination for oleo oils exports from the UK, accounting for a 61% share of total exports. It was followed by Belgium (341 tons), with a 0.8% share of total exports. The third position in this ranking was held by Germany (79 tons), with a 0.2% share.
From 2013 to 2023, the average annual growth rate of volume to the United States totaled +132.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-21.5% per year) and Germany (-5.9% per year).
In value terms, the United States ($34M) emerged as the key foreign market for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil exports from the UK, comprising 69% of total exports. The second position in the ranking was taken by Belgium ($387K), with a 0.8% share of total exports. It was followed by Germany, with a 0.2% share.
From 2013 to 2023, the average annual growth rate of value to the United States stood at +156.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-17.6% per year) and Germany (-4.1% per year).
Export Prices by Country
In 2023, the oleo oils price amounted to $1,105 per ton (FOB, United Kingdom), declining by -14.8% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 56% against the previous year. Over the period under review, the average export prices attained the maximum at $1,297 per ton in 2022, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($2,966 per ton), while the average price for exports to Belgium ($1,135 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the oleo oils 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 10411100 - Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared)
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
