Mexico: Animal Fats Market 2025

Animal Fats Market Size in Mexico

The Mexican animal fats market declined significantly to $X in 2021, dropping by -33.1% against the previous year. Over the period under review, consumption, however, continues to indicate a measured increase. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Animal Fats Production in Mexico

In value terms, animal fats production contracted markedly to $X in 2021 estimated in export price. In general, production, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 75% against the previous year. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

Animal Fats Exports

Exports from Mexico

In 2021, approx. X tons of animal fats and oils were exported from Mexico; increasing by 116% compared with 2020. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of 327%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, animal fats exports skyrocketed to $X in 2021. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 312%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Denmark (X tons) was the main destination for animal fats exports from Mexico, with a 43% share of total exports. Moreover, animal fats exports to Denmark exceeded the volume sent to the second major destination, Cuba (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Denmark was relatively modest.

In value terms, Denmark ($X) emerged as the key foreign market for animal fats and oils exports from Mexico, comprising 42% of total exports. The second position in the ranking was held by Cuba ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Denmark was relatively modest.

Export Prices by Country

The average animal fats export price stood at $X per ton in 2021, declining by -7.5% against the previous year. Overall, the export price showed a pronounced downturn. The pace of growth was the most pronounced in 2013 when the average export price increased by 5% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Denmark totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (-2.1%).

Animal Fats Imports

Imports into Mexico

In 2021, the amount of animal fats and oils imported into Mexico dropped dramatically to X tons, falling by -16.7% compared with 2020. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 1,092% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, animal fats imports dropped remarkably to $X in 2021. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,483%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest animal fats supplier to Mexico, accounting for a 74% share of total imports. Moreover, animal fats imports from the United States exceeded the figures recorded by the second-largest supplier, Peru (X tons), sixfold. The third position in this ranking was taken by Italy (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-58.4% per year) and Italy (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of animal fats and oils to Mexico, comprising 65% of total imports. The second position in the ranking was held by Peru ($X), with a 24% share of total imports. It was followed by the UK, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-55.2% per year) and the UK (+41.8% per year).

Import Prices by Country

The average animal fats import price stood at $X per ton in 2021, shrinking by -8.4% against the previous year. In general, the import price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 78%. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($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 United States (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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