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Latin America and the Caribbean - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Latin America and the Caribbean: Animal Fats Market Overview 2021

Animal Fats Market Size in Latin America and the Caribbean

The Latin American animal fats market declined to $X in 2019, with a decrease of -X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Animal Fats Production in Latin America and the Caribbean

In value terms, animal fats production declined to $X in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2019, production failed to regain the momentum.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of animal fats production in 2019 were Brazil (X tonnes), Mexico (X tonnes) and Argentina (X tonnes), together comprising X% of total production. These countries were followed by Colombia, Peru, Venezuela, Chile, Cuba, Ecuador, the Dominican Republic, El Salvador, Honduras and Bolivia, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of animal fats production, amongst the key producing countries, was attained by Honduras, while animal fats production for the other leaders experienced more modest paces of growth.

Animal Fats Exports

Exports in Latin America and the Caribbean

In 2019, shipments abroad of animal fats and oils increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a deep contraction. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, animal fats exports skyrocketed to $X in 2019. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked in 2019 and is likely to see gradual growth in the near future.

Exports by Country

Peru (X tonnes) and Chile (X tonnes) were the largest exporters of animal fats and oils in 2019, accounting for approx. X% and X% of total exports, respectively. El Salvador (X tonnes) ranks next in terms of the total exports with a X% share, followed by Argentina (X%) and Colombia (X%). The following exporters - Honduras (X tonnes) and Brazil (X tonnes) - together made up X% of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Peru, while exports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the largest animal fats supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2007 to 2019, the average annual growth rate of value in Chile stood at +X%. In the other countries, the average annual rates were as follows: Peru (+X% per year) and Colombia (+X% per year).

Export Prices by Country

The animal fats export price in Latin America and the Caribbean stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, export prices attained the peak figure at $X per tonne in 2017; however, from 2018 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Colombia ($X per tonne), while Honduras ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Chile, while the other leaders experienced more modest paces of growth.

Animal Fats Imports

Imports in Latin America and the Caribbean

In 2019, purchases abroad of animal fats and oils increased by X% to X tonnes, rising for the third year in a row after six years of decline. Overall, imports posted pronounced growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are likely to continue growth in years to come.

In value terms, animal fats imports reached $X in 2019. Over the period under review, imports posted noticeable growth. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, Chile (X tonnes) represented the largest importer of animal fats and oils, committing X% of total imports. Guatemala (X tonnes) took the second position in the ranking, distantly followed by El Salvador (X tonnes). All these countries together took near X% share of total imports. Cuba (X tonnes) and Belize (X tonnes) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the animal fats and oils imports, with a CAGR of +X% from 2007 to 2019. At the same time, El Salvador (+X%) displayed positive paces of growth. Guatemala experienced a relatively flat trend pattern. By contrast, Belize (-X%) and Cuba (-X%) illustrated a downward trend over the same period. While the share of Chile (+X p.p.) and El Salvador (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Belize (-X p.p.), Guatemala (-X p.p.) and Cuba (-X p.p.) displayed negative dynamics.

In value terms, Chile ($X) constitutes the largest market for imported animal fats and oils in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Guatemala ($X), with a X% share of total imports. It was followed by Cuba, with a X% share.

In Chile, animal fats imports increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Guatemala (+X% per year) and Cuba (-X% per year).

Import Prices by Country

In 2019, the animal fats import price in Latin America and the Caribbean amounted to $X per tonne, approximately mirroring the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The level of import peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Cuba ($X per tonne), while El Salvador ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Cuba, while the other leaders 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 LatAmerica and the Caribbean?
+
The countries with the highest volumes of animal fats consumption in 2019 were Brazil (71K tonnes), Mexico (51K tonnes) and Argentina (21K tonnes), with a combined 57% share of total consumption.
What are the largest producers of animal fats and oils in LatAmerica and the Caribbean?
+
The countries with the highest volumes of animal fats production in 2019 were Brazil (71K tonnes), Mexico (51K tonnes) and Argentina (22K tonnes), together comprising 56% of total production. Colombia, Peru, Venezuela, Chile, Cuba, Ecuador, the Dominican Republic, El Salvador, Honduras and Bolivia lagged somewhat behind, together accounting for a further 34%.
What are the leading suppliers of animal fats and oils in LatAmerica and the Caribbean?
+
In value terms, Chile ($35M) remains the largest animal fats supplier in Latin America and the Caribbean, comprising 61% of total exports. The second position in the ranking was occupied by Peru ($10M), with a 18% share of total exports. It was followed by Colombia, with a 15% share.
What are the leading importers of animal fats and oils in LatAmerica and the Caribbean?
+
In value terms, Chile ($6.2M) constitutes the largest market for imported animal fats and oils in Latin America and the Caribbean, comprising 55% of total imports. The second position in the ranking was occupied by Guatemala ($1.4M), with a 12% share of total imports. It was followed by Cuba, with a 5.5% share.
What is the average export price for animal fats and oils in LatAmerica and the Caribbean?
+
The animal fats export price in Latin America and the Caribbean stood at $3,976 per tonne in 2019, declining by -28.1% against the previous year.
What is the average import price for animal fats and oils in LatAmerica and the Caribbean?
+
The animal fats import price in Latin America and the Caribbean stood at $1,251 per tonne in 2019, remaining relatively unchanged 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 Latin America and the Caribbean. 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:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• 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
CONSUMPTION BY COUNTRY
3.3
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
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

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

The Largest Exporters on The Market and How They Succeed

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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
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, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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