Chile: Animal Fats Market 2025

Animal Fats Market Size in Chile

The Chilean animal fats market declined remarkably to $X in 2021, shrinking by -39.8% against the previous year. In general, consumption, however, enjoyed a resilient expansion. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Animal Fats Production in Chile

In value terms, animal fats production shrank significantly to $X in 2021 estimated in export price. In general, production, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 182%. As a result, production reached the peak level of $X, and then dropped remarkably in the following year.

Animal Fats Exports

Exports from Chile

After three years of growth, overseas shipments of animal fats and oils decreased by -20.3% to X tons in 2021. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 166%. Over the period under review, the exports reached the maximum at X tons in 2020, and then declined remarkably in the following year.

In value terms, animal fats exports rose significantly to $X in 2021. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 2,264%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Colombia (X tons) were the main destinations of animal fats exports from Chile, with a combined 63% share of total exports. Japan, India, South Korea, Peru, the UK and Canada lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +587.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and South Korea ($X) constituted the largest markets for animal fats exported from Chile worldwide, together accounting for 76% of total exports. Peru, Japan, the UK, India, Colombia and Canada lagged somewhat behind, together accounting for a further 17%.

Among the main countries of destination, Peru, with a CAGR of +561.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average animal fats export price stood at $X per ton in 2021, picking up by 40% against the previous year. In general, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 790%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Fats Imports

Imports into Chile

In 2021, overseas purchases of animal fats and oils decreased by -53.1% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 1,750% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then declined remarkably in the following year.

In value terms, animal fats imports contracted markedly to $X in 2021. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 906%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of animal fats to Chile, accounting for a 62% share of total imports. Moreover, animal fats imports from Argentina exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume from Argentina stood at +46.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+142.2% per year) and Malaysia (+32.6% per year).

In value terms, Argentina ($X) constituted the largest supplier of animal fats and oils to Chile, comprising 54% of total imports. The second position in the ranking was held by Peru ($X), with a 15% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Argentina amounted to +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+87.6% per year) and Malaysia (+92.4% per year).

Import Prices by Country

The average animal fats import price stood at $X per ton in 2021, increasing by 21% against the previous year. In general, the import price, however, recorded a drastic downturn. The growth pace was the most rapid in 2013 when the average import price increased by 85% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, 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 Colombia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+45.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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