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U.S. - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice of Margarine and Shortening in United States Drops 3%, Averaging $2,250 per Ton
U.S. Margarine And Shortening Export Price in June 2023
In June 2023, the margarine and shortening price stood at $2,250 per ton (FOB, US), falling by -3.4% against the previous month. In general, the export price continues to indicate a slight reduction. The growth pace was the most rapid in December 2022 an increase of 17% against the previous month. As a result, the export price reached the peak level of $2,703 per ton. From January 2023 to June 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In June 2023, the country with the highest price was Mexico ($1,977 per ton), while the average price for exports to Canada ($1,382 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.
![U.S. Margarine And Shortening Export Prices By Country (USD Per Ton)](/landing/img/charts/us-margarine-and-shortening-price-in-june-2023-840w.png)
COUNTRY | Export Price of Margarine And Shortening in U.S. (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
Mexico | 1,967 | 1,558 | 2,113 | 2,504 | 1,852 | 2,126 | 2,144 | 2,279 | 2,500 | 2,043 | 1,947 | 1,969 | 1,977 |
Guatemala | 1,469 | 1,963 | 1,511 | 1,764 | 1,445 | 1,793 | 1,692 | 1,796 | 1,563 | 1,519 | 1,307 | 1,954 | 1,551 |
Canada | 1,315 | 1,346 | 1,342 | 1,334 | 1,324 | 1,311 | 1,360 | 1,339 | 1,339 | 1,264 | 1,305 | 1,395 | 1,382 |
Average | 2,620 | 1,991 | 2,304 | 2,279 | 2,101 | 2,305 | 2,703 | 2,195 | 2,199 | 2,039 | 2,361 | 2,329 | 2,250 |
U.S. Margarine And Shortening Export Prices by Type
Average prices varied noticeably for the major types of exported product. In June 2023, the product with the highest price was non-liquid margarine ($2,610 per ton), while the average price for exports of liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,205 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for the following types: non-liquid margarine (+0.2%).
U.S. Margarine And Shortening Exports
In June 2023, the amount of margarine and shortening exported from the United States reduced to 14K tons, which is down by -15% compared with the previous month's figure. Over the period under review, exports continue to indicate a slight curtailment. The pace of growth was the most pronounced in March 2023 with an increase of 22% against the previous month. As a result, the exports attained the peak of 19K tons. From April 2023 to June 2023, the growth of the exports failed to regain momentum.
In value terms, margarine and shortening exports dropped sharply to $31M (IndexBox estimates) in June 2023. Overall, exports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in March 2023 with an increase of 13% m-o-m.
U.S. Margarine And Shortening Exports by Type
Liquid margarine and edible mixtures of animal or vegetable fats (12K tons) was the largest type of margarine and shortening exported from the United States, with a 89% share of total exports. Moreover, liquid margarine and edible mixtures of animal or vegetable fats exceeded the volume of the second product type, non-liquid margarine (1.5K tons), eightfold.
From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of export of liquid margarine and edible mixtures of animal or vegetable fats totaled -1.3%.
In value terms, liquid margarine and edible mixtures of animal or vegetable fats ($27M) remains the largest type of margarine and shortening exported from the United States, comprising 87% of total exports. The second position in the ranking was held by non-liquid margarine ($3.9M), with a 13% share of total exports.
From June 2022 to June 2023, the average monthly rate of growth in terms of the export volume of liquid margarine and edible mixtures of animal or vegetable fats amounted to -2.8%.
U.S. Margarine And Shortening Exports by Country
Canada (7.2K tons) was the main destination for margarine and shortening exports from the United States, accounting for a 52% share of total exports. Moreover, margarine and shortening exports to Canada exceeded the volume sent to the second major destination, Mexico (2.8K tons), threefold. The third position in this ranking was held by Jamaica (415 tons), with a 3% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume to Canada amounted to -2.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+1.2% per month) and Jamaica (+5.0% per month).
In value terms, Canada ($10M), Mexico ($5.6M) and Guatemala ($612K) appeared to be the largest markets for margarine and shortening exported from the United States worldwide, together comprising 52% of total exports. Bahamas and Jamaica lagged somewhat behind, together accounting for a further 3.3%.
In terms of the main countries of destination, Jamaica, with a CAGR of +4.0%, 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.
This report provides an in-depth analysis of the margarine and shortening market in the U.S.. 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:
- FCL 1242 - Margarine and Shortening
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023