U.S. - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMargarine and Shortening Price in the United States - 2023
Contents:
- Margarine and Shortening Price in the United States (FOB) - 2023
- Margarine and Shortening Price in the United States (CIF) - 2023
- Margarine and Shortening Exports in the United States
- Margarine and Shortening Imports in the United States
Margarine and Shortening Price in the United States (FOB) - 2023
The average margarine and shortening export price stood at $1,868 per ton in September 2023, with a decrease of -18.9% against the previous month. Overall, the export price showed a mild curtailment. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 17% m-o-m. As a result, the export price reached the peak level of $2,703 per ton. From January 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Brazil ($2,405 per ton), while the average price for exports to Kuwait ($1,127 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Margarine and Shortening Price in the United States (CIF) - 2023
In September 2023, the average margarine and shortening import price amounted to $2,301 per ton, with an increase of 5.8% against the previous month. Overall, the import price, however, showed a slight curtailment. The pace of growth was the most pronounced in July 2023 an increase of 9% against the previous month. Over the period under review, average import prices attained the peak figure at $2,819 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Dominican Republic ($3,882 per ton), while the price for Spain ($1,427 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Margarine and Shortening Exports in the United States
In 2022, margarine and shortening exports from the United States skyrocketed to 208K tons, increasing by 18% compared with the previous year's figure. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 23%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, margarine and shortening exports rose markedly to $483M in 2022. The total export value increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Margarine and Shortening in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 112 | 119 | 161 | 156 | 11.7% |
Netherlands | 59.8 | 61.3 | 64.8 | 71.0 | 5.9% |
Mexico | 38.7 | 44.4 | 76.4 | 67.7 | 20.5% |
Ireland | 18.6 | 15.8 | 13.0 | 17.4 | -2.2% |
Belize | 2.6 | 4.3 | 5.7 | 8.4 | 47.8% |
Guatemala | 4.1 | 6.4 | 6.5 | 6.1 | 14.2% |
Others | 133 | 129 | 123 | 156 | 5.5% |
Total | 369 | 379 | 450 | 483 | 9.4% |
Top Export Markets for Margarine and Shortening from the United States in 2022:
- Canada (112.0K tons)
- Mexico (33.2K tons)
- Ireland (7.0K tons)
- Netherlands (4.9K tons)
- Guatemala (3.7K tons)
- Belize (3.2K tons)
Margarine and Shortening Imports in the United States
For the fourth consecutive year, the United States recorded growth in overseas purchases of margarine and shortening, which increased by 6.1% to 141K tons in 2022. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, margarine and shortening imports skyrocketed to $336M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Margarine and Shortening in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 80.3 | 82.0 | 141 | 181 | 31.1% |
Mexico | 40.1 | 38.3 | 36.5 | 62.7 | 16.1% |
Malaysia | 2.9 | 7.4 | 3.4 | 8.7 | 44.2% |
Germany | 2.4 | 15.3 | 10.0 | 8.7 | 53.6% |
Spain | 10.1 | 13.2 | 11.9 | 7.8 | -8.3% |
Guatemala | N/A | 0.2 | 2.7 | 7.3 | 504.2% |
Ecuador | 1.8 | 1.7 | 3.2 | 5.4 | 44.2% |
Colombia | 1.2 | 1.5 | 3.3 | 5.1 | 62.0% |
Indonesia | 2.0 | 1.8 | 1.2 | 4.1 | 27.0% |
Others | 28.5 | 31.7 | 27.5 | 46.1 | 17.4% |
Total | 169 | 193 | 241 | 336 | 25.7% |
Top Suppliers of Margarine and Shortening to the United States in 2022:
- Canada (83.2K tons)
- Mexico (23.5K tons)
- Guatemala (5.3K tons)
- Colombia (3.1K tons)
- Ecuador (3.0K tons)
- Spain (2.8K tons)
- Malaysia (2.7K tons)
- Germany (2.6K tons)
- Indonesia (2.1K tons)
This report provides an in-depth analysis of the margarine and shortening 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:
- FCL 1242 - Margarine and Shortening
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
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This report provides an in-depth analysis of the margarine and shortening market in the U.S..
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This report provides an in-depth analysis of the global margarine and shortening market.
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In June 2023, the price of Margarine And Shortening was $2,250 per ton (FOB, US), showing a decrease of -3.4% compared to the previous month.
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
In June 2023, the price of Margarine And Shortening was $2,250 per ton (FOB, US), showing a decrease of -3.4% compared to the previous month.
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.