Animal Fats Market

Animal fats market: find newly released info featured by an Ai-driven business intelligence platform. Info cover imports, companies, market prices, market size, exports, production, trade, and consumption. Here is a breakdown by region, including the U.K., EU, the Middle East, the U.S., China, Latin America, Africa, and Russia. Market dynamics and outlook to 2030 are also featured in the dashboards.


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Animal Fats - World's Largest Markets

RatingCountry
1China
2Japan
3United States
4France
5India

In value terms, China led the market, alone. The second position in the ranking was occupied by Japan. It was followed by the United States.

From 2018 to 2020, the average annual growth rate of value in China totaled -6.1%. In the other countries, the average annual rates were as follows: Japan (+8.7% per year) and the United States (+33.6% per year).

Animal Fats Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Saudi Arabia4144804676.2%
Romania849727594-16.4%
Croatia5975236050.7%
Belgium69067384710.8%
El Salvador8897659201.7%
China1042977431023-68.7%
United Arab Emirates144813781318-4.6%
Germany13161710188819.8%
United Kingdom2005243123909.2%
United States29288965536035.3%
Colombia992594856218-20.8%
Chile905284606692-14.0%
Denmark886163567284-9.3%
Average227724072238-0.9%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Denmark ($7,284 per ton), while Saudi Arabia ($467 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
United States225522899320123-5.5%
Denmark30468758933675.1%
Germany41354025614221.9%
Saudi Arabia4838425550952.6%
United Kingdom353235732837-10.4%
Sweden462227321931-35.4%
Netherlands935983123314.8%
Chile144312491116-12.1%
Canada11221230799-15.6%
Hungary9861237669-17.6%
Myanmar857760619-15.0%
Faroe Islands686585499-14.7%
Pakistan656499451-17.1%
Average21402843277513.9%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($20,123 per ton), while Pakistan ($451 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Denmark (+75.1% per year), while the other global leaders experienced more modest paces of growth.

Animal Fats - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Sweden3.94761295.6%
United States15305082.5%
Germany13142540.9%
United Kingdom15202119.2%
Denmark1.43.120276.1%

In value terms, Sweden ($61M), the United States ($50M) and Germany ($25M) appeared to be the countries with the highest levels of imports in 2020, together comprising 42% 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%.

Among the main importing countries, Myanmar (+1,024.9% per year) saw 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.

Animal Fats - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Chile28353815.4%
Denmark7.37.52273.0%
United Kingdom1719195.1%
Belgium11101723.2%
China6.39.71343.2%

In value terms, the largest animal fats supplying countries worldwide were Chile ($38M), Denmark ($22M) and the UK ($19M), together comprising 40% of global exports. These countries were followed by Belgium, China, Germany, Colombia, the United States, the United Arab Emirates, Croatia, Saudi Arabia, El Salvador and Romania, which together accounted for a further 38%.

Among the main exporting countries, Romania (+78.8% per year) 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.

Animal Fats - Market Forecast

Driven by increasing demand for animal fats worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Animal Fats - Product Coverage

  • HS 151610 - Animal fats and oils and their fractions; partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared
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World - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Latin America and the Caribbean - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the animal fats market in Latin America and the Caribbean.

Africa - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Australia and Oceania - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the animal fats market in Australia and Oceania.

Northern America - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the animal fats market in Northern America.

Eastern Asia - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the animal fats market in Eastern Asia.

South-Eastern Asia - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the animal fats market in South-Eastern Asia.

Southern Asia - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the animal fats market in Southern Asia.

Middle East - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the animal fats market in the Middle East.

Central Asia - Animal Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the animal fats market in Central Asia.

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Geography