Report Update: Jan 1, 2025

U.S. - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights

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Margarine And Shortening Prices in the United States

U.S. Margarine And Shortening Export Price per Ton in August 2022

In August 2022, the margarine and shortening price per ton stood at $2.3K (FOB, US), increasing by 16% against the previous month. In general, the export price, however, recorded a mild reduction. The pace of growth was the most pronounced in April 2022 when the average export price increased by 21% against the previous month. The export price peaked at $2.6K per ton in June 2022; however, from July 2022 to August 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In August 2022, the country with the highest price was Belize ($2.4K per ton), while the average price for exports to Canada ($1.3K per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

U.S. Margarine And Shortening Export Prices by Type

Average prices varied noticeably for the major types of exported product. In August 2022, the product with the highest price was margarine (excluding liquid) ($2.7K per ton), while the average price for exports of liquid margarine and edible mixtures of animal or vegetable fats amounted to $2.3K per ton.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: margarine (excluding liquid) (+3.3%).

U.S. Margarine And Shortening Exports

Margarine and shortening exports from the United States contracted to 17K tons in August 2022, shrinking by -5.4% on the previous month. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 with an increase of 15% m-o-m.

In value terms, margarine and shortening exports expanded remarkably to $40M (IndexBox estimates) in August 2022. Overall, exports showed a mild descent. The most prominent rate of growth was recorded in April 2022 when exports increased by 26% month-to-month. As a result, the exports reached the peak of $49M. From May 2022 to August 2022, the growth of the exports remained at a lower figure.

U.S. Margarine And Shortening Exports by Type

Liquid margarine and edible mixtures of animal or vegetable fats (16K tons) was the largest type of margarine and shortening exported from the United States, accounting for a 91% share of total exports. Moreover, liquid margarine and edible mixtures of animal or vegetable fats exceeded the volume of the second product type, margarine (excluding liquid) (1.5K tons), more than tenfold.

From January 2022 to August 2022, the average monthly growth rate of the volume of export of liquid margarine and edible mixtures of animal or vegetable fats stood at +1.2%.

In value terms, liquid margarine and edible mixtures of animal or vegetable fats ($37M) remains the largest type of margarine and shortening exported from the United States, comprising 90% of total exports. The second position in the ranking was held by margarine (excluding liquid) ($4M), with a 9.8% share of total exports.

From January 2022 to August 2022, the average monthly rate of growth in terms of the export volume of liquid margarine and edible mixtures of animal or vegetable fats was relatively modest.

U.S. Margarine And Shortening Exports by Country

Canada (11K tons) was the main destination for margarine and shortening exports from the United States, accounting for a 62% share of total exports. Moreover, margarine and shortening exports to Canada exceeded the volume sent to the second major destination, Mexico (2.4K tons), fivefold. Belize (388 tons) ranked third in terms of total exports with a 2.2% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume to Canada amounted to +1.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-3.1% per month) and Belize (+2.9% per month).

In value terms, Canada ($14M) remains the key foreign market for margarine and shortening exports from the United States, comprising 36% of total exports. The second position in the ranking was held by Mexico ($5M), with a 12% share of total exports. It was followed by Belize, with a 2.3% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of value to Canada stood at +2.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (-2.4% per month) and Belize (+4.4% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the margarine and shortening market in the U.S.. 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:

FCL 1242 - Margarine and Shortening

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024