Italy - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAnimal Fats Price in Italy - 2023
Contents:
- Animal Fats Price in Italy (CIF) - 2022
- Animal Fats Price in Italy (FOB) - 2023
- Animal Fats Imports in Italy
- Animal Fats Exports in Italy
Animal Fats Price in Italy (CIF) - 2022
In 2022, the average animal fats import price amounted to $5,146 per ton, declining by -1.9% against the previous year. In general, the import price, however, saw mild growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 240% against the previous year. Over the period under review, average import prices hit record highs at $21,476 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($55,120 per ton), while the price for Spain ($1,405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Animal Fats Price in Italy (FOB) - 2023
The average animal fats export price stood at $2,181 per ton in June 2023, increasing by 2.4% against the previous month. In general, export price indicated a measured expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, animal fats export price decreased by -3.5% against April 2023 indices. The pace of growth was the most pronounced in July 2022 an increase of 91% against the previous month. The export price peaked at $2,998 per ton in November 2022; however, from December 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($6,810 per ton), while the average price for exports to France ($2,040 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 (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Animal Fats Imports in Italy
Animal fats imports into Italy soared to 3K tons in 2022, picking up by 43% against the previous year. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 503%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, animal fats imports skyrocketed to $15M in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Animal Fats in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 4.1 | 4.1 | 5.8 | 38.1% |
| Spain | 0.8 | 0.4 | 2.3 | 3.3 | 60.4% |
| Netherlands | 0.1 | 0.5 | 2.0 | 2.8 | 203.7% |
| United Kingdom | 1.0 | 1.3 | 0.2 | 1.2 | 6.3% |
| France | 0.7 | 0.4 | 0.7 | 1.0 | 12.6% |
| Belgium | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Germany | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.8 | 0.6 | 1.4 | 0.9 | 4.0% |
| Total | 5.7 | 7.4 | 10.9 | 15.4 | 39.3% |
Top Suppliers of Animal Fats to Italy in 2022:
- Spain (2361.8 tons)
- Netherlands (207.4 tons)
- China (105.5 tons)
- United Kingdom (82.0 tons)
- Germany (68.0 tons)
- France (66.8 tons)
- Belgium (59.3 tons)
Animal Fats Exports in Italy
Animal fats exports from Italy skyrocketed to 1.9K tons in 2022, increasing by 86% compared with the previous year's figure. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, animal fats exports surged to $2.6M in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 98% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Animal Fats in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 411 | 278 | 652 | 1,301 | 46.8% |
| Germany | 146 | 82.1 | 266 | 530 | 53.7% |
| Bulgaria | 0.1 | 228 | 197 | 393 | 1478.1% |
| Spain | 1.9 | 0.9 | 126 | 250 | 408.6% |
| Netherlands | 56.3 | N/A | 146 | N/A | 61.0% |
| Others | 119 | 162 | 101 | 163 | 11.1% |
| Total | 734 | 751 | 1,488 | 2,637 | 53.2% |
Top Export Markets for Animal Fats from Italy in 2022:
- France (786.4 tons)
- Bulgaria (482.2 tons)
- Germany (362.6 tons)
- Spain (190.9 tons)
This report provides an in-depth analysis of the animal fats market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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
487
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