Report Update: Nov 1, 2024

World - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights

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Animal fats market

Animal fats market: find newly released info featured by an Ai-driven business intelligence platform. Info cover imports, companies, market prices, market size, exports, production, trade, and consumption. Here is a breakdown by region, including the U.K., EU, the Middle East, the U.S., China, Latin America, Africa, and Russia. Market dynamics and outlook to 2030 are also featured in the dashboards.

Animal Fats - World's Largest Markets

Rating	Country
1	China
2	Japan
3	United States
4	France
5	India

In value terms, China led the market, alone. The second position in the ranking was occupied by Japan. It was followed by the United States.

From 2018 to 2020, the average annual growth rate of value in China totaled -6.1%. In the other countries, the average annual rates were as follows: Japan (+8.7% per year) and the United States (+33.6% per year).

Animal Fats Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Saudi Arabia	414	480	467	6.2%
Romania	849	727	594	-16.4%
Croatia	597	523	605	0.7%
Belgium	690	673	847	10.8%
El Salvador	889	765	920	1.7%
China	10429	7743	1023	-68.7%
United Arab Emirates	1448	1378	1318	-4.6%
Germany	1316	1710	1888	19.8%
United Kingdom	2005	2431	2390	9.2%
United States	2928	8965	5360	35.3%
Colombia	9925	9485	6218	-20.8%
Chile	9052	8460	6692	-14.0%
Denmark	8861	6356	7284	-9.3%
Average	2277	2407	2238	-0.9%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Denmark ($7,284 per ton), while Saudi Arabia ($467 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
United States	22552	28993	20123	-5.5%
Denmark	3046	8758	9336	75.1%
Germany	4135	4025	6142	21.9%
Saudi Arabia	4838	4255	5095	2.6%
United Kingdom	3532	3573	2837	-10.4%
Sweden	4622	2732	1931	-35.4%
Netherlands	935	983	1233	14.8%
Chile	1443	1249	1116	-12.1%
Canada	1122	1230	799	-15.6%
Hungary	986	1237	669	-17.6%
Myanmar	857	760	619	-15.0%
Faroe Islands	686	585	499	-14.7%
Pakistan	656	499	451	-17.1%
Average	2140	2843	2775	13.9%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($20,123 per ton), while Pakistan ($451 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Denmark (+75.1% per year), while the other global leaders experienced more modest paces of growth.

Animal Fats - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Sweden	3.9	47	61	295.6%
United States	15	30	50	82.5%
Germany	13	14	25	40.9%
United Kingdom	15	20	21	19.2%
Denmark	1.4	3.1	20	276.1%

In value terms, Sweden ($61M), the United States ($50M) and Germany ($25M) appeared to be the countries with the highest levels of imports in 2020, together comprising 42% of global imports. The UK, Denmark, the Netherlands, Saudi Arabia, Hungary, Chile, Myanmar, Canada, Faroe Islands and Pakistan lagged somewhat behind, together comprising a further 29%.

Among the main importing countries, Myanmar (+1,024.9% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Animal Fats - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Chile	28	35	38	15.4%
Denmark	7.3	7.5	22	73.0%
United Kingdom	17	19	19	5.1%
Belgium	11	10	17	23.2%
China	6.3	9.7	13	43.2%

In value terms, the largest animal fats supplying countries worldwide were Chile ($38M), Denmark ($22M) and the UK ($19M), together comprising 40% of global exports. These countries were followed by Belgium, China, Germany, Colombia, the United States, the United Arab Emirates, Croatia, Saudi Arabia, El Salvador and Romania, which together accounted for a further 38%.

Among the main exporting countries, Romania (+78.8% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Animal Fats - Market Forecast

Driven by increasing demand for animal fats worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Animal Fats - Product Coverage

HS 151610 - Animal fats and oils and their fractions; partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global animal fats market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023