Report Update Nov 1, 2024

Argentina - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

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Argentina: Animal Fats Market 2024

Animal Fats Market Size in Argentina

The Argentinian animal fats market fell markedly to $X in 2021, shrinking by -26.5% against the previous year. In general, consumption, however, saw a temperate increase. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Animal Fats Production in Argentina

In value terms, animal fats production fell rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed moderate growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 107% against the previous year. As a result, production attained the peak level of $X, and then declined remarkably in the following year.

Animal Fats Exports

Exports from Argentina

For the fifth year in a row, Argentina recorded growth in overseas shipments of animal fats and oils, which increased by 22% to X tons in 2021. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 851% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, animal fats exports surged to $X in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 942%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Chile (X tons) was the main destination for animal fats exports from Argentina, accounting for a 97% share of total exports. It was followed by Bolivia (X tons), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile stood at +46.9%.

In value terms, Chile ($X) remains the key foreign market for animal fats and oils exports from Argentina, comprising 93% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 6.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile totaled +40.1%.

Export Prices by Country

The average animal fats export price stood at $X per ton in 2021, picking up by 15% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 19%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Chile amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+9.0%).

Animal Fats Imports

Imports into Argentina

In 2021, purchases abroad of animal fats and oils increased by 104% to X tons, rising for the third year in a row after four years of decline. In general, imports, however, recorded a slight contraction. The growth pace was the most rapid in 2013 when imports increased by 142% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, animal fats imports soared to $X in 2021. Overall, imports, however, faced a drastic downturn. The pace of growth was the most pronounced in 2013 when imports increased by 279%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) constituted the largest supplier of animal fats to Argentina, with a 52% share of total imports. Moreover, animal fats imports from Chile exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Chile amounted to -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.3% per year) and the United States (-11.5% per year).

In value terms, Chile ($X) constituted the largest supplier of animal fats and oils to Argentina, comprising 65% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile totaled -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.7% per year) and the United States (-26.6% per year).

Import Prices by Country

In 2021, the average animal fats import price amounted to $X per ton, shrinking by -8.7% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 an increase of 56% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal fats and oils in the world?

The countries with the highest volumes of animal fats consumption in 2020 were China, the U.S. and India, together comprising 27% of global consumption. Italy, Japan, Russia, Brazil, Indonesia, Spain, Germany, Mexico, Pakistan and France lagged somewhat behind, together comprising a further 26%.

What are the largest producers of animal fats and oils in the world?

The country with the largest volume of animal fats production was China, accounting for 15% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. India ranked third in terms of total production with a 5.6% share.

What are the leading suppliers of animal fats and oils to Argentina?

In value terms, the U.S. constituted the largest supplier of animal fats to Argentina.

What are the leading importers of animal fats and oils from Argentina?

In value terms, Chile remains the key foreign market for animal fats exports from Argentina, comprising 85% of total exports. The second position in the ranking was occupied by Bolivia, with a 8% share of total exports.

What is the average export price for animal fats and oils in Argentina?

The average animal fats export price stood at $1,040 per ton in 2020, increasing by 22% against the previous year.

What is the average import price for animal fats and oils in Argentina?

In 2020, the average animal fats import price amounted to $5,397 per ton, jumping by 43% against the previous year.

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

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023