U.S.: Oleo Oils Market 2025

Oleo Oils Market Size in the U.S.

The U.S. oleo oils market reduced to $X in 2021, with a decrease of -5.4% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -19.1% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Oleo Oils Production in the U.S.

In value terms, oleo oils production totaled $X in 2021. Over the period under review, production showed a mild reduction. The pace of growth was the most pronounced in 2016 with an increase of 6.5%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Oleo Oils Exports

Exports from the U.S.

In 2021, approx. X tons of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil were exported from the United States; jumping by 23% compared with the year before. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 58%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, oleo oils exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a drastic downturn. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for oleo oils exports from the United States, accounting for a approx. 97% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Mexico stood at +17.7%.

In value terms, Mexico ($X) also remains the key foreign market for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil exports from the United States.

From 2012 to 2021, the average annual growth rate of value to Mexico stood at +16.7%.

Export Prices by Country

The average oleo oils export price stood at $X per ton in 2021, increasing by 34% against the previous year. Over the period under review, the export price, however, saw a slight contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to -0.8% per year.

Oleo Oils Imports

Imports into the U.S.

In 2021, approx. X kg of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil were imported into the United States; declining by -50% compared with the year before. Over the period under review, imports faced a sharp decline. The pace of growth appeared the most rapid in 2017 when imports increased by 671% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, oleo oils imports plummeted to $X in 2021. In general, imports faced a sharp decrease. The pace of growth was the most pronounced in 2014 with an increase of 191% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Australia (X kg) was the main oleo oils supplier to the United States, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Australia stood at -18.0%.

In value terms, Australia ($X) constituted the largest supplier of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to the United States.

From 2012 to 2021, the average annual growth rate of value from Australia amounted to -22.2%.

Import Prices by Country

The average oleo oils import price stood at $X per ton in 2021, with an increase of 12% against the previous year. In general, the import price posted a significant increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 843% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to +15.7% per year.

Source: IndexBox Platform

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