Benelux: Animal Fats Market 2024

Animal Fats Market Size in Benelux

In 2021, after three years of growth, there was significant decline in the Benelux animal fats market, when its value decreased by -41.8% to $X. Over the period under review, consumption, however, recorded resilient growth. The level of consumption peaked at $X in 2020, and then contracted markedly in the following year.

Animal Fats Production in Benelux

In value terms, animal fats production reduced to $X in 2021 estimated in export price. In general, production, however, saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 516%. The level of production peaked at $X in 2020, and then declined in the following year.

Animal Fats Exports

Exports in Benelux

In 2021, exports of animal fats and oils in Benelux soared to X tons, jumping by 24% against the previous year's figure. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +88.0% against 2017 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 43% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, animal fats exports skyrocketed to $X in 2021. Overall, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium dominates exports structure, amounting to X tons, which was approx. 94% of total exports in 2021. It was distantly followed by the Netherlands (X tons), comprising a 5.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to animal fats exports from Belgium stood at +5.5%. At the same time, the Netherlands (+9.6%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +9.6% from 2012-2021. While the share of the Netherlands (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-1.6 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest animal fats supplier in Benelux, comprising 75% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 25% share of total exports.

In Belgium, animal fats exports increased at an average annual rate of +15.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, surging by 25% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +10.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, animal fats export price increased by +49.9% against 2018 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 37%. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.8%).

Animal Fats Imports

Imports in Benelux

In 2021, the amount of animal fats and oils imported in Benelux dropped remarkably to X tons, with a decrease of -71% on the previous year. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 96%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, animal fats imports contracted notably to $X in 2021. Over the period under review, imports, however, continue to indicate modest growth. The pace of growth was the most pronounced in 2020 when imports increased by 140% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands was the main importing country with an import of around X tons, which finished at 81% of total imports. It was distantly followed by Belgium (X tons), constituting a 19% share of total imports.

The Netherlands was also the fastest-growing in terms of the animal fats and oils imports, with a CAGR of -5.4% from 2012 to 2021. Belgium (-29.4%) illustrated a downward trend over the same period. While the share of the Netherlands (+57 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belgium (-57.7 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported animal fats and oils in Benelux, comprising 91% of total imports. The second position in the ranking was taken by Belgium ($X), with an 8.8% share of total imports.

In the Netherlands, animal fats imports increased at an average annual rate of +16.1% over the period from 2012-2021.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, rising by 177% against the previous year. In general, the import price continues to indicate significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+22.7%).

Source: IndexBox Platform