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Report World - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global Animal Fats Market 2024

Animal Fats Market Size

In 2021, the global animal fats market decreased by -20.2% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, showed a strong increase. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Animal Fats Production

In value terms, animal fats production contracted notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 55%. As a result, production reached the peak level of $X, and then reduced markedly in the following year.

Animal Fats Exports

Exports

In 2021, shipments abroad of animal fats and oils increased by 43% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +9.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, animal fats exports surged to $X in 2021. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 50%. The global exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

In 2021, China (X tons), Belgium (X tons) and Mexico (X tons) represented the major exporter of animal fats and oils in the world, mixing up 56% of total export. It was distantly followed by Saudi Arabia (X tons), achieving a 6.7% share of total exports. Germany (X tons), Croatia (X tons), Hungary (X tons), Chile (X tons), Canada (X tons), Peru (X tons) and Australia (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +335.0%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Chile ($X), Belgium ($X) and Mexico ($X) were the countries with the highest levels of exports in 2021, with a combined 38% share of global exports. China, Germany, Peru, Saudi Arabia, Croatia, Hungary, Australia and Canada lagged somewhat behind, together accounting for a further 24%.

China, with a CAGR of +237.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average animal fats export price stood at $X per ton in 2021, falling by -14.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2014 when the average export price increased by 28% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+24.5%), while the other global leaders experienced more modest paces of growth.

Animal Fats Imports

Imports

In 2021, approx. X tons of animal fats and oils were imported worldwide; increasing by 6.7% on 2020 figures. In general, imports saw a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 62% against the previous year. Over the period under review, global imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, animal fats imports skyrocketed to $X in 2021. Over the period under review, imports posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. Over the period under review, global imports attained the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Sweden (X tons) was the key importer of animal fats and oils, generating 39% of total imports. Denmark (X tons) held the second position in the ranking, followed by Hungary (X tons) and Spain (X tons). All these countries together took near 24% share of total imports. Saudi Arabia (X tons), Bangladesh (X tons), Latvia (X tons), Germany (X tons), the UK (X tons), Chile (X tons), Pakistan (X tons), the United States (X tons) and Romania (X tons) followed a long way behind the leaders.

Imports into Sweden increased at an average annual rate of +69.5% from 2012 to 2021. At the same time, Bangladesh (+75.2%), Denmark (+73.5%), Pakistan (+52.3%), Chile (+51.1%), Romania (+31.1%), Spain (+27.0%), Latvia (+23.2%), the United States (+15.5%), Hungary (+14.7%) and Germany (+8.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in the world, with a CAGR of +75.2% from 2012-2021. By contrast, Saudi Arabia (-3.7%) and the UK (-10.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden, Denmark, Spain, Bangladesh, Hungary, Chile and Pakistan increased by +38, +8.6, +4.8, +2.4, +1.9, +1.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest animal fats importing markets worldwide were Sweden ($X), the United States ($X) and Denmark ($X), with a combined 43% share of global imports. Spain, the UK, Saudi Arabia, Germany, Hungary, Romania, Latvia, Chile, Bangladesh and Pakistan lagged somewhat behind, together accounting for a further 26%.

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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average animal fats import price amounted to $X per ton, growing by 9.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2017 an increase of 17% against the previous year. Global import price peaked at $X per ton in 2018; however, from 2019 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 the United States ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+12.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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. Italy, Japan, Russia, Brazil, Indonesia, Spain, Germany, Mexico, Pakistan and France lagged somewhat behind, together comprising a further 26%.
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.
In value terms, Chile, Denmark and the UK constituted the countries with the highest levels of exports in 2020, together accounting for 40% of global exports.
In value terms, Sweden, the U.S. and Germany were the countries with the highest levels of imports in 2020, with a combined 42% share of global imports. The UK, Denmark, the Netherlands, Saudi Arabia, Hungary, Chile, Myanmar, Canada, Faroe Islands and Pakistan lagged somewhat behind, together comprising a further 29%.
The average animal fats export price stood at $2,238 per ton in 2020, declining by -7% against the previous year.
In 2020, the average animal fats import price amounted to $2,775 per ton, declining by -2.4% against the previous year.

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

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    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
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    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, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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