China - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAnimal Fats Price in China - 2023
Contents:
- Animal Fats Price in China (FOB) - 2023
- Animal Fats Price in China (CIF) - 2022
- Animal Fats Exports in China
- Animal Fats Imports in China
Animal Fats Price in China (FOB) - 2023
The average animal fats export price stood at $49,015 per ton in June 2023, picking up by 40% against the previous month. Overall, export price indicated a buoyant expansion from June 2022 to June 2023: its price increased at an average monthly rate of +6.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, animal fats export price increased by +127.4% against March 2023 indices. The pace of growth appeared the most rapid in July 2022 an increase of 56% against the previous month. Over the period under review, the average export prices reached the peak figure in June 2023.
Average prices varied noticeably for the major overseas markets. In June 2023, the country with the highest price was Spain ($49,967 per ton), while the average price for exports to the Netherlands ($42,663 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 the Netherlands (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.
Animal Fats Price in China (CIF) - 2022
The average animal fats import price stood at $15,616 per ton in 2022, growing by 107% against the previous year. Over the period under review, the import price continues to indicate strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($49,264 per ton), while the price for Spain ($2,618 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+39.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Animal Fats Exports in China
In 2022, after three years of growth, there was decline in shipments abroad of animal fats and oils, when their volume decreased by -4.2% to 33K tons. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 115% against the previous year. As a result, the exports reached the peak of 35K tons, and then dropped slightly in the following year.
In value terms, animal fats exports fell remarkably to $18M in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 76% against the previous year. As a result, the exports reached the peak of $23M, and then reduced rapidly in the following year.
| Export of Animal Fats in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.5 | 4.0 | 4.5 | 7.6 | 44.9% |
| United States | 3.3 | 2.5 | 11.1 | 6.2 | 23.4% |
| Canada | 1.9 | 4.1 | 5.1 | 2.6 | 11.0% |
| Spain | 0.4 | N/A | 1.0 | 1.1 | 40.1% |
| Netherlands | N/A | N/A | 0.2 | 0.4 | 100.0% |
| Norway | N/A | N/A | N/A | 0.3 | 0% |
| Malaysia | N/A | 0.1 | N/A | N/A | 0% |
| Others | 1.6 | 2.1 | 0.7 | 0.3 | -42.8% |
| Total | 9.7 | 12.8 | 22.6 | 18.4 | 23.8% |
Top Export Markets for Animal Fats from China in 2022:
- United States (14.2K tons)
- Italy (9.6K tons)
- Canada (3.4K tons)
- Spain (2.8K tons)
- Netherlands (1.7K tons)
- Norway (1.0K tons)
Animal Fats Imports in China
Animal fats imports into China surged to 399 tons in 2022, picking up by 75% on the previous year. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, animal fats imports surged to $6.2M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Animal Fats in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 42.3 | N/A | N/A | 2,386 | 283.5% |
| Chile | N/A | N/A | 242 | 1,718 | 609.9% |
| Norway | 258 | 232 | 505 | 1,633 | 85.0% |
| Spain | 156 | 122 | 318 | 266 | 19.5% |
| Germany | 112 | 274 | 2.0 | 0.1 | -90.4% |
| Hong Kong SAR | N/A | 6.7 | N/A | N/A | 0% |
| Italy | 192 | 54.1 | 104 | N/A | -26.4% |
| Others | 131 | 260 | 539 | 221 | 19.0% |
| Total | 892 | 949 | 1,711 | 6,225 | 91.1% |
Top Suppliers of Animal Fats to China in 2022:
- Germany (undefined tons)
- Norway (168.1 tons)
- Spain (101.6 tons)
- Chile (67.9 tons)
- South Korea (54.4 tons)
This report provides an in-depth analysis of the animal fats market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
515
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271
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