Ireland: Animal Fats Market 2024

Animal Fats Market Size in Ireland

The Irish animal fats market rose notably to $X in 2023, growing by X% against the previous year. Over the period under review, consumption showed a prominent increase. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Animal Fats Production in Ireland

In value terms, animal fats production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production saw resilient growth. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Animal Fats Exports

Exports from Ireland

After two years of growth, overseas shipments of animal fats and oils decreased by X% to X kg in 2023. In general, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2022 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, animal fats exports contracted remarkably to $X in 2023. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X kg) was the main destination for animal fats exports from Ireland, accounting for a X% share of total exports. Moreover, animal fats exports to Spain exceeded the volume sent to the second major destination, France (X kg), sevenfold. The third position in this ranking was held by Portugal (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Portugal (X% per year).

In value terms, Spain ($X) emerged as the key foreign market for animal fats and oils exports from Ireland, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average animal fats export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price saw a significant increase. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Fats Imports

Imports into Ireland

In 2023, purchases abroad of animal fats and oils was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, animal fats imports surged to $X in 2023. In general, imports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the UK (X tons) was the main supplier of animal fats to Ireland, accounting for a X% share of total imports. It was followed by Germany (X kg), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from the UK was relatively modest.

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

From 2012 to 2023, the average annual growth rate of value from the UK amounted to X%.

Import Prices by Country

In 2023, the average animal fats import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the UK totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform