Oleo Oils Market

Oleo oils market: discover the most recent information provided by an Ai-driven BI tool. Datasets cover trade, companies, market size, production, consumption, imports, exports, and market prices. There is a split by country, including the U.S., the U.K., Latin America, the Middle East, China, Russia, Africa, and EU. Market trends and forecast to 2030 are also provided in the dashboards.

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Oleo Oils - World's Largest Markets

In value terms, the largest oleo oils markets worldwide were Sudan, the United States and Ireland, with a combined 54% share of the global market.

In terms of the main consuming countries, Sudan (+116.8% per year) recorded the highest rates of growth with regard to market size, over the period under review, while oleo oils market for the other global leaders experienced more modest paces of growth.

Oleo oils Prices

Oleo Oils - Top Importers

In value terms, Sudan ($47M) constitutes the largest market for imported lard stearin, lard oil, oleostearin, oleo-oil and tallow oil worldwide, comprising 59% of global imports. The second position in the ranking was occupied by Ireland ($7.7M), with a 9.8% share of global imports. It was followed by the Netherlands, with a 9.8% share.

In Sudan, oleo oils imports expanded at an average annual rate of +114.2% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Ireland (+17.4% per year) and the Netherlands (+143.6% per year).

Oleo Oils - Top Exporters

In value terms, the UK ($38M) remains the largest oleo oils supplier worldwide, comprising 63% of global exports. The second position in the ranking was occupied by the United States ($6.9M), with a 11% share of global exports. It was followed by Ireland, with a 7.7% share.

From 2018 to 2020, the average annual rate of growth in terms of value in the UK totaled +115.7%. In the other countries, the average annual rates were as follows: the United States (+38.4% per year) and Ireland (+0.7% per year).

Oleo Oils - Market Forecast

Driven by increasing demand for oleo oils worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, 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.

Oleo Oils - Product Coverage

• HS 1503 - Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil; not emulsified or mixed or otherwise prepared

Source: IndexBox Market Intelligence Platform