Latest Report Update: Apr 19, 2021

India - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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India: Animal Fats Market Overview 2021

Animal Fats Market Size in India

In 2019, the Indian animal fats market decreased by -X% to $X, falling for the third consecutive year after two years of growth. Over the period under review, the total consumption indicated a perceptible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2013 to 2019, the growth of the market failed to regain the momentum.

Animal Fats Production in India

In value terms, animal fats production declined to $X in 2019 estimated in export prices. In general, the total production indicated a temperate increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2013 to 2019, production growth remained at a lower figure.

Animal Fats Exports

Exports from India

In 2019, the amount of animal fats and oils exported from India soared to X tonnes, growing by X% on 2018 figures. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, animal fats exports dropped to $X in 2019. Over the period under review, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

Nigeria (X tonnes) was the main destination for animal fats exports from India, accounting for a X% share of total exports. Moreover, animal fats exports to Nigeria exceeded the volume sent to the second major destination, Chile (X kg), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Nigeria was relatively modest.

In value terms, Nigeria ($X) emerged as the key foreign market for animal fats exports from India, comprising X% of total exports. The second position in the ranking was occupied by Chile ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Nigeria was relatively modest.

Export Prices by Country

In 2019, the average animal fats export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the export price, however, continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Chile ($X per tonne), while the average price for exports to Nigeria amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Chile.

Animal Fats Imports

Imports into India

In 2019, purchases abroad of animal fats and oils increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the near future.

In value terms, animal fats imports soared to $X in 2019. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, Chile (X tonnes) was the main supplier of animal fats to India, accounting for a X% share of total imports. Moreover, animal fats imports from Chile exceeded the figures recorded by the second-largest supplier, China (X tonnes), ninefold.

From 2007 to 2019, the average annual growth rate of volume from Chile was relatively modest.

In value terms, the largest animal fats suppliers to India were Chile ($X) and China ($X), together comprising X% of total imports.

Chile saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2019, the average animal fats import price amounted to $X per tonne, growing by X% against the previous year. In general, the import price enjoyed resilient growth. The pace of growth was the most pronounced in 2017 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per tonne), while the price for Chile stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Chile.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal fats and oils in the world?
+
The country with the largest volume of animal fats consumption was China (400K tonnes), comprising approx. 16% of total volume. Moreover, animal fats consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (184K tonnes), twofold. Italy (160K tonnes) ranked third in terms of total consumption with a 6.3% share.
What are the largest producers of animal fats and oils in the world?
+
The country with the largest volume of animal fats production was China (404K tonnes), comprising approx. 16% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, the U.S. (183K tonnes), twofold. The third position in this ranking was occupied by Italy (160K tonnes), with a 6.3% share.
What are the leading suppliers of animal fats and oils to India?
+
In value terms, the largest animal fats suppliers to India were Chile ($516K) and China ($514K), together comprising 100% of total imports.
What are the leading importers of animal fats and oils from India?
+
In value terms, Nigeria ($17K) emerged as the key foreign market for animal fats exports from India, comprising 87% of total exports. The second position in the ranking was occupied by Chile ($2.5K), with a 13% share of total exports.
What is the average export price for animal fats and oils in India?
+
The average animal fats export price stood at $1,345 per tonne in 2019, which is down by -25.4% against the previous year.
What is the average import price for animal fats and oils in India?
+
The average animal fats import price stood at $2,412 per tonne in 2019, increasing by 22% against the previous year.

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)

This report provides an in-depth analysis of the animal fats market in India. 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 2025.


Country coverage:
• India

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in India
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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