Spain: Animal Fats Market 2024

Animal Fats Market Size in Spain

In 2021, after two years of growth, there was significant decline in the Spanish animal fats market, when its value decreased by -31.8% to $X. In general, consumption, however, enjoyed a strong expansion. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Animal Fats Production in Spain

In value terms, animal fats production contracted sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 581% against the previous year. As a result, production attained the peak level of $X, and then declined remarkably in the following year.

Animal Fats Exports

Exports from Spain

In 2021, overseas shipments of animal fats and oils decreased by -17.2% to X tons, falling for the third year in a row after five years of growth. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 65% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, animal fats exports expanded markedly to $X in 2021. Overall, exports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 128%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

France (X tons), Italy (X tons) and the Philippines (X tons) were the main destinations of animal fats exports from Spain, with a combined 63% share of total exports. These countries were followed by Poland, Portugal, Germany and the Netherlands, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +24.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for animal fats exported from Spain were Italy ($X), France ($X) and the Philippines ($X), with a combined 41% share of total exports. Poland, Germany, Portugal and the Netherlands lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, Poland, with a CAGR of +21.1%, recorded the highest rates of growth with regard to 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

In 2021, the average animal fats export price amounted to $X per ton, growing by 34% against the previous year. Over the period under review, the export price saw buoyant growth. The growth pace was the most rapid in 2015 when the average export price increased by 47%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($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 Italy (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Fats Imports

Imports into Spain

In 2021, the amount of animal fats and oils imported into Spain skyrocketed to X tons, picking up by 368% on the previous year. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, animal fats imports surged to $X in 2021. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of animal fats to Spain, with a 85% share of total imports. Moreover, animal fats imports from France exceeded the figures recorded by the second-largest supplier, Tunisia (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total imports with a 1% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled +101.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+40.4% per year) and Belgium (+15.2% per year).

In value terms, France ($X) constituted the largest supplier of animal fats and oils to Spain, comprising 69% of total imports. The second position in the ranking was held by Tunisia ($X), with a 2.5% share of total imports. It was followed by Belgium, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +79.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+45.7% per year) and Belgium (+19.8% per year).

Import Prices by Country

The average animal fats import price stood at $X per ton in 2021, declining by -25.4% against the previous year. In general, the import price, however, recorded a measured increase. The most prominent rate of growth was recorded in 2013 an increase of 168% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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