Fats Preparation Machinery Market

Fats preparation machinery market: read recently published data empowered by an Ai-driven market intelligence platform. Data cover consumption, exports, market size, trade, production, companies, imports, and market prices. Here is a breakdown by region, including Africa, Latin America, the Middle East, the U.K., the U.S., EU, Russia, and China. Market dynamics and outlook to 2030 are also featured in the snapshots.

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Fats Preparation Machinery - World's Largest Markets

In value terms, the United States, Brazil and Indonesia constituted the countries with the highest levels of market value in 2020, together accounting for 30% of the global market. These countries were followed by China, Japan, India, Libya, Cote d'Ivoire, Nigeria, Morocco, Germany and Iceland, which together accounted for a further 21%.

Libya (+1,058.3% per year) saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while fats preparation machinery market for the other global leaders experienced more modest paces of growth.

Fats Preparation Machinery Prices

Fats Preparation Machinery - Top Importers

In value terms, Indonesia ($113M) constitutes the largest market for imported machinery for the extraction or preparation of animal or fixed vegetable fats or oils worldwide, comprising 16% of global imports. The second position in the ranking was occupied by Nigeria ($41M), with a 5.7% share of global imports. It was followed by Morocco, with a 2.4% share.

In Indonesia, fats preparation machinery imports expanded at an average annual rate of +16.5% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (+10.6% per year) and Morocco (+4.2% per year).

Fats Preparation Machinery - Top Exporters

In value terms, Malaysia ($132M), China ($125M) and Italy ($85M) constituted the countries with the highest levels of exports in 2020, together comprising 51% of global exports. These countries were followed by India, Germany, Singapore and Spain, which together accounted for a further 23%.

In terms of the main exporting countries, Germany recorded 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.

Fats Preparation Machinery - Market Forecast

Driven by increasing demand for fats preparation machinery 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.

Fats Preparation Machinery - Product Coverage

• HS 847920 - Machinery; for the extraction or preparation of animal or fixed vegetable fats or oils