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Report World - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights

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Global Oleo Oils Market 2024

Oleo Oils Market Size

In 2021, the global oleo oils market decreased by -4.8% to $X, falling for the fourth year in a row after three years of growth. Overall, consumption, however, continues to indicate a slight downturn. Global consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Oleo Oils Production

In value terms, oleo oils production contracted modestly to $X in 2021 estimated in export price. Overall, production recorded a slight curtailment. The pace of growth was the most pronounced in 2016 with an increase of 24%. As a result, production attained the peak level of $X. From 2017 to 2021, global production growth remained at a somewhat lower figure.

Oleo Oils Exports

Exports

In 2021, overseas shipments of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by -13.9% to X tons, falling for the fifth consecutive year after five years of growth. In general, exports recorded a pronounced downturn. The pace of growth was the most pronounced in 2016 when exports increased by 41% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the global exports failed to regain momentum.

In value terms, oleo oils exports surged to $X in 2021. Overall, exports recorded a mild setback. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the global exports remained at a somewhat lower figure.

Exports by Country

In 2021, the UK (X tons) represented the largest exporter of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, committing 42% of total exports. Ireland (X tons) ranks second in terms of the total exports with a 22% share, followed by the United States (16%) and the Netherlands (6%). The following exporters - France (X tons), Uruguay (X tons) and Germany (X tons) - each resulted at a 6.4% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uruguay (with a CAGR of +13.7%), while the other global leaders experienced more modest paces of growth.

In value terms, the UK ($X), Ireland ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021, together comprising 81% of global exports.

Among the main exporting countries, Ireland, with a CAGR of +13.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average oleo oils export price stood at $X per ton in 2021, rising by 47% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while Uruguay ($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 (+3.9%), while the other global leaders experienced mixed trends in the export price figures.

Oleo Oils Imports

Imports

In 2021, purchases abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil increased by less than 0.1% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2015 when imports increased by 122% against the previous year. Over the period under review, global imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, oleo oils imports soared to $X in 2021. Over the period under review, imports, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2015 when imports increased by 75% against the previous year. Over the period under review, global imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Ireland (X tons) and Mexico (X tons) were the major importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in 2021, amounting to near 27% and 25% of total imports, respectively. Germany (X tons) held a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by the UK (5.7%) and Belgium (4.6%). Italy (X tons), the Netherlands (X tons), Poland (X tons), Zimbabwe (X tons), Aruba (X tons), Sudan (X tons) and Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Aruba (with a CAGR of +25.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest oleo oils importing markets worldwide were Mexico ($X), Ireland ($X) and Germany ($X), with a combined 55% share of global imports. These countries were followed by Belgium, Italy, the UK, Aruba, Poland, the Netherlands, Zimbabwe, Sudan and Nigeria, which together accounted for a further 32%.

In terms of the main importing countries, Zimbabwe, with a CAGR of +25.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average oleo oils import price stood at $X per ton in 2021, increasing by 29% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Global import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Aruba ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.1%), 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 oleo oils consumption in 2020 were Ireland, the United States and Malaysia, together comprising 57% of global consumption. The UK, Sudan, Egypt and the Netherlands lagged somewhat behind, together comprising a further 31%.
The countries with the highest volumes of oleo oils production in 2020 were the UK, Ireland and the United States, together comprising 75% of global production.
In value terms, the UK remains the largest oleo oils supplier worldwide, comprising 63% of global exports. The second position in the ranking was occupied by the United States, with an 11% share of global exports. It was followed by Ireland, with a 7.7% share.
In value terms, Sudan constitutes the largest market for imported lard stearin, lard oil, oleostearin, oleo-oil and tallow oil worldwide, comprising 60% of global imports. The second position in the ranking was occupied by Ireland, with a 9.9% share of global imports. It was followed by the Netherlands, with a 9.4% share.
The average oleo oils export price stood at $710 per ton in 2020, picking up by 8.9% against the previous year.
In 2020, the average oleo oils import price amounted to $1,172 per ton, increasing by 18% against the previous year.

This report provides an in-depth analysis of the global oleo oils 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 10411100 - Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared)

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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