Report Update Nov 1, 2024

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

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Iran: Animal Fats Market 2024

Animal Fats Market Size in Iran

The Iranian animal fats market shrank significantly to $X in 2021, waning by -24.1% against the previous year. Over the period under review, consumption, however, saw perceptible growth. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Animal Fats Production in Iran

In value terms, animal fats production dropped sharply to $X in 2021 estimated in export price. Overall, production, however, posted a temperate expansion. The pace of growth was the most pronounced in 2020 with an increase of 92% against the previous year. As a result, production attained the peak level of $X, and then contracted sharply in the following year.

Animal Fats Exports

Exports from Iran

In 2021, the amount of animal fats and oils exported from Iran skyrocketed to X tons, surging by 240% on the previous year. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, animal fats exports soared to $X in 2021. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of 271% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Azerbaijan (X tons) was the main destination for animal fats exports from Iran, with a 94% share of total exports. Moreover, animal fats exports to Azerbaijan exceeded the volume sent to the second major destination, Iraq (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan stood at +94.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+48.3% per year) and Turkey (-17.6% per year).

In value terms, Azerbaijan ($X) remains the key foreign market for animal fats and oils exports from Iran, comprising 82% of total exports. The second position in the ranking was held by Iraq ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Azerbaijan totaled +63.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+62.6% per year) and Turkey (-14.2% per year).

Export Prices by Country

The average animal fats export price stood at $X per ton in 2021, surging by 7.1% against the previous year. Overall, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Turkey ($X per ton), while the average price for exports to Azerbaijan ($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 Turkmenistan (+59.6%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Fats Imports

Imports into Iran

After four years of decline, supplies from abroad of animal fats and oils increased by 359% to X tons in 2021. Over the period under review, imports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2013 when imports increased by 383% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, animal fats imports surged to $X in 2021. Overall, imports recorded a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 602%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) was the main supplier of animal fats to Iran, with a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at -1.2%.

In value terms, India ($X) constituted the largest supplier of animal fats and oils to Iran.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +11.1%.

Import Prices by Country

The average animal fats import price stood at $X per ton in 2021, picking up by 28% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 51%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +12.4% per year.

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, with a combined 27% share of global consumption. These countries were followed by Italy, Japan, Russia, Brazil, Indonesia, Spain, Germany, Mexico, Pakistan and France, which together accounted for 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, comprising approx. 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 Iran?

In value terms, India constituted the largest supplier of animal fats to Iran, comprising 80% of total imports. The second position in the ranking was occupied by France $934), with a 17% share of total imports.

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

In value terms, the United Arab Emirates remains the key foreign market for animal fats exports from Iran, comprising 61% of total exports. The second position in the ranking was occupied by Azerbaijan, with a 27% share of total exports. It was followed by Iraq, with a 9.2% share.

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

The average animal fats export price stood at $1,599 per ton in 2020, with a decrease of -5.3% against the previous year.

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

In 2020, the average animal fats import price amounted to $3,210 per ton, rising by 7.5% against the previous year.

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

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
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