Germany: Animal Fats Market 2024

Animal Fats Market Size in Germany

In 2021, the German animal fats market decreased by -28.8% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, saw a strong increase. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Animal Fats Production in Germany

In value terms, animal fats production contracted remarkably to $X in 2021 estimated in export price. Overall, production, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 169% against the previous year. As a result, production attained the peak level of $X, and then dropped remarkably in the following year.

Animal Fats Exports

Exports from Germany

In 2021, overseas shipments of animal fats and oils were finally on the rise to reach X tons after two years of decline. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 192% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, animal fats exports contracted modestly to $X in 2021. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 92%. The exports peaked at $X in 2020, and then dropped in the following year.

Exports by Country

Belgium (X tons) was the main destination for animal fats exports from Germany, accounting for a 52% share of total exports. Moreover, animal fats exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+18.0% per year) and Italy (+12.4% per year).

In value terms, Belgium ($X) emerged as the key foreign market for animal fats and oils exports from Germany, comprising 34% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total exports. It was followed by Italy, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+12.2% per year) and Italy (+14.6% per year).

Export Prices by Country

In 2021, the average animal fats export price amounted to $X per ton, waning by -29.3% against the previous year. Over the period under review, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 72% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Belgium ($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 Ireland (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Fats Imports

Imports into Germany

In 2021, after three years of growth, there was significant decline in purchases abroad of animal fats and oils, when their volume decreased by -14.4% to X tons. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by 100%. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced in the following year.

In value terms, animal fats imports contracted remarkably to $X in 2021. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 129% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then dropped significantly in the following year.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest animal fats supplier to Germany, with a 46% share of total imports. Moreover, animal fats imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. France (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+8.7% per year) and France (+80.7% per year).

In value terms, the largest animal fats suppliers to Germany were the Netherlands ($X), France ($X) and Norway ($X), together comprising 64% of total imports.

Among the main suppliers, France, with a CAGR of +77.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average animal fats import price stood at $X per ton in 2021, which is down by -37.8% against the previous year. In general, the import price, however, posted tangible growth. The pace of growth appeared the most rapid in 2013 an increase of 135%. 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 Norway ($X per ton), while the price for Lithuania ($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 (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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