Latest Report Update: May 28, 2021

Ireland - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Ireland: Animal Fats Market Overview 2021

Animal Fats Market Size in Ireland

In 2020, after two years of decline, there was significant growth in the Irish animal fats market, when its value increased by X% to $X. Overall, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Animal Fats Production in Ireland

In value terms, animal fats production rose notably to $X in 2020 estimated in export prices. In general, the total production indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Animal fats production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Animal Fats Exports

Exports from Ireland

Animal fats exports from Ireland surged to X tonnes in 2020, rising by X% on the previous year's figure. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, animal fats exports soared to $X in 2020. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

The UK (X tonnes) was the main destination for animal fats exports from Ireland, accounting for a X% share of total exports. Moreover, animal fats exports to the UK exceeded the volume sent to the second major destination, Hong Kong SAR (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to the UK amounted to +X%.

In value terms, the UK ($X) remains the key foreign market for animal fats exports from Ireland, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the UK amounted to +X%.

Export Prices by Country

The average animal fats export price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to the UK totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR.

Animal Fats Imports

Imports into Ireland

In 2020, approx. X tonnes of animal fats and oils were imported into Ireland; picking up by X% against the year before. Over the period under review, imports recorded mild growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are likely to see steady growth in the immediate term.

In value terms, animal fats imports soared to $X in 2020. In general, imports continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the UK (X tonnes) constituted the largest supplier of animal fats to Ireland, with a X% share of total imports. Moreover, animal fats imports from the UK exceeded the figures recorded by the second-largest supplier, Belgium (X tonnes), fivefold.

From 2007 to 2020, the average annual growth rate of volume from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (+X% per year).

In value terms, the UK ($X) constituted the largest supplier of animal fats to Ireland, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2020, the average animal fats import price amounted to $X per tonne, waning by -X% against the previous year. Overall, the import price, however, saw a slight increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2015 to 2020, the growth in terms of the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal fats and oils in the world?
+
China (421K tonnes) constituted the country with the largest volume of animal fats consumption, accounting for 16% of total volume. Moreover, animal fats consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (199K tonnes), twofold. The third position in this ranking was occupied by Italy (167K tonnes), with a 6.3% share.
What are the largest producers of animal fats and oils in the world?
+
China (424K tonnes) constituted the country with the largest volume of animal fats production, accounting for 16% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, the U.S. (201K tonnes), twofold. Italy (167K tonnes) ranked third in terms of total production with a 6.3% share.
What are the leading suppliers of animal fats and oils to Ireland?
+
In value terms, the UK ($339K) constituted the largest supplier of animal fats to Ireland, comprising 76% of total imports. The second position in the ranking was occupied by Belgium ($63K), with a 14% share of total imports.
What are the leading importers of animal fats and oils from Ireland?
+
In value terms, the UK ($594K) remains the key foreign market for animal fats exports from Ireland, comprising 89% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($73K), with a 11% share of total exports.
What is the average export price for animal fats and oils in Ireland?
+
In 2020, the average animal fats export price amounted to $1,130 per tonne, surging by 14% against the previous year.
What is the average import price for animal fats and oils in Ireland?
+
In 2020, the average animal fats import price amounted to $1,534 per tonne, dropping by -31.6% 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 Ireland. 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:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ireland
• 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

Webinar: Global Ethanol Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global ethanol market.



Thursday, June 24th, 2021 @ 04:00 pm ET


Register

Webinar: Global Coal Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global сoal market.



Thursday, July 15th, 2021 @ 04:00 pm ET


Register

Webinar: Global Beef Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global beef market.



Thursday, September 16th, 2021 @ 04:00 pm ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data