We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Asia-Pacific - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Asia-Pacific: Animal Fats Market 2024

Animal Fats Market Size in Asia-Pacific

The Asia-Pacific animal fats market contracted rapidly to $X in 2021, shrinking by -18.9% against the previous year. In general, consumption, however, saw a buoyant increase. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Animal Fats Production in Asia-Pacific

In value terms, animal fats production shrank rapidly to $X in 2021 estimated in export price. Overall, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 54%. As a result, production reached the peak level of $X, and then shrank remarkably in the following year.

Animal Fats Exports

Exports in Asia-Pacific

In 2021, exports of animal fats and oils in Asia-Pacific soared to X tons, rising by 119% compared with the year before. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2017 when exports increased by 131%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, animal fats exports surged to $X in 2021. Overall, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 193%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 85% of total exports in 2021. It was distantly followed by Australia (X tons), achieving a 5.3% share of total exports. South Korea (X tons), Vietnam (X tons) and Indonesia (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the animal fats and oils exports, with a CAGR of +335.0% from 2012 to 2021. At the same time, Australia (+116.5%), Vietnam (+26.1%), South Korea (+23.1%) and Indonesia (+7.8%) displayed positive paces of growth. From 2012 to 2021, the share of China and Australia increased by +85 and +5.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest animal fats supplier in Asia-Pacific, comprising 68% of total exports. The second position in the ranking was taken by Australia ($X), with a 7% share of total exports. It was followed by Indonesia, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +237.0%. In the other countries, the average annual rates were as follows: Australia (+50.1% per year) and Indonesia (+7.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, which is down by -19.6% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 an increase of 58%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.1%), while the other leaders experienced a decline in the export price figures.

Animal Fats Imports

Imports in Asia-Pacific

Animal fats imports soared to X tons in 2021, jumping by 53% compared with the year before. Over the period under review, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, animal fats imports skyrocketed to $X in 2021. In general, imports saw strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 41%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

Bangladesh (X tons) and Pakistan (X tons) represented roughly 47% of total imports in 2021. New Zealand (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (8.4%), Japan (7.8%), the Philippines (6%) and Australia (4.5%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +75.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest animal fats importing markets in Asia-Pacific were South Korea ($X), Japan ($X) and New Zealand ($X), with a combined 62% share of total imports. Australia, Bangladesh, the Philippines and Pakistan lagged somewhat behind, together comprising a further 25%.

Bangladesh, with a CAGR of +50.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, declining by -16.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2015 an increase of 26% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of animal fats consumption was China, accounting for 37% of total volume. Moreover, animal fats consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Japan ranked third in terms of total consumption with a 9.6% share.
The country with the largest volume of animal fats production was China, accounting for 38% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, India, threefold. Japan ranked third in terms of total production with a 9.4% share.
In value terms, China remains the largest animal fats supplier in Asia-Pacific, comprising 71% of total exports. The second position in the ranking was occupied by Japan, with a 19% share of total exports. It was followed by South Korea, with a 3.8% share.
In value terms, Japan, New Zealand and South Korea were the countries with the highest levels of imports in 2020, with a combined 62% share of total imports. Myanmar, Pakistan, the Philippines and Bangladesh lagged somewhat behind, together comprising a further 13%.
In 2020, the animal fats export price in Asia-Pacific amounted to $1,311 per ton, falling by -62.5% against the previous year.
In 2020, the animal fats import price in Asia-Pacific amounted to $2,785 per ton, with a decrease of -3.1% against the previous year.

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

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Asia-Pacific, split by region and country
  • Trade (exports and imports) in Asia-Pacific
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. 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. 9. 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. 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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Australia
    • Bangladesh
    • Bhutan
    • Brunei Darussalam
    • Cambodia
    • China
    • Hong Kong SAR
    • Macao SAR
    • Cook Islands
    • Fiji
    • French Polynesia
    • India
    • Indonesia
    • Japan
    • Kiribati
    • Malaysia
    • Maldives
    • Marshall Islands
    • Micronesia
    • Myanmar
    • Nepal
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Pakistan
    • Palau
    • Papua New Guinea
    • Philippines
    • Samoa
    • Singapore
    • Solomon Islands
    • South Korea
    • Sri Lanka
    • Taiwan (Chinese)
    • Thailand
    • Timor-Leste
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Vietnam
    • Wallis and Futuna Islands
    • Lao People's Democratic Republic
    • American Samoa
    • Democratic People's Republic of Korea
    • Nauru
    • Niue
    • Guam

  12. 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

  13. 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

Recommended reports

Asia - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 314

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

World - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 892

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

EU - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 340

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

U.S. - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 398

This report provides an in-depth analysis of the animal fats market in the U.S..

China - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 427

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

Free Data: Animal Fats And Oils - Asia-Pacific
Table
Animal Fats And Oils - Asia-Pacific - Table
Dashboard
Animal Fats And Oils - Asia-Pacific - Dashboard
Report
Animal Fats And Oils - Asia-Pacific - Report