World - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGlobal Animal Fats Market 2024
Animal Fats Market Size
The global animal fats market reached $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded a buoyant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the global market failed to regain momentum.
Animal Fats Production
In value terms, animal fats production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, global production growth remained at a lower figure.
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Animal Fats Exports
Exports
In 2022, overseas shipments of animal fats and oils increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, animal fats exports skyrocketed to $X in 2022. Over the period under review, exports saw strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the near future.
Exports by Country
Belgium was the largest exporting country with an export of about X tons, which finished at X% of total exports. Canada (X tons) ranks second in terms of the total exports with an X% share, followed by the Netherlands (X%), the United Arab Emirates (X%), Saudi Arabia (X%) and Australia (X%). Croatia (X tons), Germany (X tons), the United States (X tons), Romania (X tons), Chile (X tons), Colombia (X tons) and the UK (X tons) followed a long way behind the leaders.
Exports from Belgium increased at an average annual rate of X% from 2012 to 2022. At the same time, Australia (X%), Canada (X%), Romania (X%), the United Arab Emirates (X%), Saudi Arabia (X%), the Netherlands (X%), Croatia (X%), Colombia (X%), Chile (X%) and Germany (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, the United States (X%) and the UK (X%) illustrated a downward trend over the same period. While the share of Canada (X p.p.), the Netherlands (X p.p.), the United Arab Emirates (X p.p.), Saudi Arabia (X p.p.), Australia (X p.p.), Croatia (X p.p.), Romania (X p.p.), Chile (X p.p.) and Colombia (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (X p.p.) and the UK (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Chile ($X), Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of global exports. The United States, Colombia, the United Arab Emirates, the UK, Australia, Germany, Canada, Croatia, Saudi Arabia and Romania lagged somewhat behind, together accounting for a further X%.
Among the main exporting countries, Australia, with a CAGR of X%, saw the highest rates of growth with regard to 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
In 2022, the average animal fats export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, animal fats export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other global leaders experienced more modest paces of growth.
Animal Fats Imports
Imports
After three years of growth, purchases abroad of animal fats and oils decreased by X% to X tons in 2022. In general, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, global imports hit record highs at X tons in 2021, and then fell slightly in the following year.
In value terms, animal fats imports expanded sharply to $X in 2022. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in years to come.
Imports by Country
In 2022, Sweden (X tons) represented the key importer of animal fats and oils, creating X% of total imports. Hungary (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (X%). The following importers - Chile (X tons), the Netherlands (X tons), Saudi Arabia (X tons), Germany (X tons), Romania (X tons), the United States (X tons), the UK (X tons), Spain (X tons) and Greece (X tons) - together made up X% of total imports.
Sweden was also the fastest-growing in terms of the animal fats and oils imports, with a CAGR of X% from 2012 to 2022. At the same time, Denmark (X%), Chile (X%), Greece (X%), Romania (X%), the United States (X%), Hungary (X%), Germany (X%), Spain (X%) and the Netherlands (X%) displayed positive paces of growth. By contrast, Saudi Arabia (X%) and the UK (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden, Denmark, Chile, Hungary and Greece increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Sweden ($X), the United States ($X) and Denmark ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of global imports. Germany, the Netherlands, Saudi Arabia, Hungary, the UK, Romania, Chile, Spain and Greece lagged somewhat behind, together accounting for a further X%.
Among the main importing countries, Greece, with a CAGR of X%, recorded the highest rates of growth with regard to 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
In 2022, the average animal fats import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Sweden ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other global leaders experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
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:
- USA
- 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
+ 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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. 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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