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Report Southern Asia - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

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

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Southern Asia: Animal Fats Market 2025

Animal Fats Market Size in Southern Asia

In 2021, the South Asian animal fats market decreased by -20% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, enjoyed prominent growth. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Animal Fats Production in Southern Asia

In value terms, animal fats production contracted significantly to $X in 2021 estimated in export price. Overall, production, however, posted a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 71%. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

Animal Fats Exports

Exports in Southern Asia

In 2021, the amount of animal fats and oils exported in Southern Asia surged to X tons, picking up by 399% on the previous year. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, animal fats exports soared to $X in 2021. In general, exports, however, continue to indicate a deep slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Nepal was the main exporter of animal fats and oils in Southern Asia, with the volume of exports accounting for X tons, which was near 60% of total exports in 2021. It was distantly followed by India (X tons), making up a 36% share of total exports. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sri Lanka (with a CAGR of +105.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest animal fats supplying countries in Southern Asia were Nepal ($X), India ($X) and Sri Lanka ($X), together comprising 99% of total exports.

Nepal, with a CAGR of +70.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, which is down by -34.8% against the previous year. Overall, the export price recorded a perceptible descent. The growth pace was the most rapid in 2020 an increase of 122% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+9.7%), while the other leaders experienced a decline in the export price figures.

Animal Fats Imports

Imports in Southern Asia

For the fourth consecutive year, Southern Asia recorded growth in purchases abroad of animal fats and oils, which increased by 49% to X tons in 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 236%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, animal fats imports declined remarkably to $X in 2021. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 107% against the previous year. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

Bangladesh (X tons) and Pakistan (X tons) prevails in imports structure, together creating 90% of total imports. It was distantly followed by India (X tons), creating an 8.4% share of total imports. Afghanistan (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +75.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Pakistan ($X) and India ($X) were the countries with the highest levels of imports in 2021, with a combined 97% share of total imports.

Bangladesh, with a CAGR of +50.9%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, with a decrease of -44.3% against the previous year. Over the period under review, the import price saw a abrupt setback. The growth pace was the most rapid in 2020 an increase of 40% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of animal fats consumption was India, accounting for 54% of total volume. Moreover, animal fats consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, threefold. The third position in this ranking was occupied by Bangladesh, with a 17% share.
India remains the largest animal fats producing country in Southern Asia, comprising approx. 55% of total volume. Moreover, animal fats production in India exceeded the figures recorded by the second-largest producer, Pakistan, threefold. The third position in this ranking was occupied by Bangladesh, with a 17% share.
In value terms, Sri Lanka, India and Pakistan appeared to be the countries with the highest levels of exports in 2020.
In value terms, the largest animal fats importing markets in Southern Asia were Pakistan, India and Bangladesh, with a combined 95% share of total imports.
The animal fats export price in Southern Asia stood at $2,882 per ton in 2020, rising by 69% against the previous year.
In 2020, the animal fats import price in Southern Asia amounted to $537 per ton, falling by -18.7% against the previous year.

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

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Southern Asia, split by region and country
  • Trade (exports and imports) in Southern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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