U.S. - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAnimal Fats Price in the United States - 2023
Contents:
- Animal Fats Price in the United States (CIF) - 2023
- Animal Fats Price in the United States (FOB) - 2023
- Animal Fats Imports in the United States
- Animal Fats Exports in the United States
Animal Fats Price in the United States (CIF) - 2023
The average animal fats import price stood at $35,291 per ton in August 2023, rising by 5.5% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 42% against the previous month. Over the period under review, average import prices reached the peak figure in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($66,624 per ton), while the price for China ($20,869 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Animal Fats Price in the United States (FOB) - 2023
The average animal fats export price stood at $8,462 per ton in August 2023, jumping by 39% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 334% against the previous month. As a result, the export price attained the peak level of $19,791 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($29,357 per ton), while the average price for exports to Canada ($1,170 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Animal Fats Imports in the United States
In 2022, after three years of growth, there was decline in overseas purchases of animal fats and oils, when their volume decreased by -4.6% to 2.3K tons. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 102% against the previous year.
In value terms, animal fats imports expanded sharply to $65M in 2022. In general, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 65%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Animal Fats in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 18.0 | 26.7 | 35.2 | 41.3 | 31.9% |
| China | 2.4 | 3.9 | 13.6 | 12.6 | 73.8% |
| Germany | 3.6 | 13.5 | 6.1 | 7.2 | 26.0% |
| Japan | 1.9 | 3.6 | 2.1 | 2.5 | 9.6% |
| United Kingdom | N/A | N/A | N/A | 0.7 | 0% |
| Colombia | 3.6 | 1.6 | 0.3 | 0.3 | -56.3% |
| Others | 0.7 | 0.6 | 0.5 | 0.1 | -47.7% |
| Total | 30.2 | 50.0 | 57.9 | 64.8 | 29.0% |
Top Suppliers of Animal Fats to the United States in 2022:
- Norway (1361.4 tons)
- China (651.3 tons)
- Germany (168.8 tons)
- Japan (60.8 tons)
- United Kingdom (36.6 tons)
- Colombia (17.5 tons)
Animal Fats Exports in the United States
In 2022, animal fats exports from the United States skyrocketed to 3K tons, growing by 87% against the year before. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 387% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, animal fats exports surged to $26M in 2022. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 164%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Animal Fats in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.2 | 0.3 | 0.7 | 10.7 | 276.8% |
| South Korea | 2.3 | 5.6 | 7.2 | 9.7 | 61.6% |
| China | N/A | 0.9 | 1.5 | 1.0 | 5.4% |
| Canada | 0.3 | 1.9 | 0.4 | 0.9 | 44.2% |
| Mexico | 0.4 | 0.7 | 0.8 | 0.8 | 26.0% |
| Taiwan (Chinese) | 0.1 | N/A | 0.2 | 0.5 | 71.0% |
| Chile | N/A | N/A | 0.2 | 0.2 | 0.0% |
| United Kingdom | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Norway | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Denmark | N/A | 0.2 | 0.5 | N/A | 150.0% |
| Others | 0.6 | 0.6 | 0.8 | 1.9 | 46.8% |
| Total | 4.0 | 10.7 | 12.4 | 25.9 | 86.4% |
Top Export Markets for Animal Fats from the United States in 2022:
- Netherlands (1258.7 tons)
- Canada (746.1 tons)
- South Korea (392.6 tons)
- Mexico (125.8 tons)
- Chile (102.2 tons)
- China (59.6 tons)
- Taiwan (Chinese) (55.7 tons)
- United Kingdom (4.7 tons)
This report provides an in-depth analysis of the animal fats 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:
- 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:
- 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
-
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
507
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Animal Fats imports experienced a significant decrease in value in March 2023, totalling $2.7M.
407
In March 2023, the vegetable oils price stood at $3,499 per ton (FOB, US), falling by -12.2% against the previous month.
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323
Animal Fats imports experienced a significant decrease in value in March 2023, totalling $2.7M.
407
In March 2023, the vegetable oils price stood at $3,499 per ton (FOB, US), falling by -12.2% against the previous month.
282
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
