Latin America and the Caribbean: Sheep, Goat, Cow Fat Market Overview 2020

Sheep, Goat, Cow Fat Market Size in Latin America and the Caribbean

The revenue of the sheep, goat, cow fat market in Latin America and the Caribbean amounted to $X in 2017, dropping by -X% against the previous year. The sheep, goat, cow fat consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013, when it surged by X% against the previous year. In that year, the sheep, goat, cow fat market reached their peak level of $X. From 2014 to 2017, growth of the sheep, goat, cow fat market failed to regain its momentum.

Sheep, Goat, Cow Fat Production in Latin America and the Caribbean

In 2017, approx. X tonnes of fats of bovine animals, sheep or goats were produced in Latin America and the Caribbean; approximately mirroring the previous year. The sheep, goat, cow fat production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when the output figure increased by X% year-to-year. The volume of sheep, goat, cow fat production peaked in 2017, and is expected to retain its growth in the near future.

Sheep, Goat, Cow Fat Exports in Latin America and the Caribbean

In 2017, the amount of fats of bovine animals, sheep or goats exported in Latin America and the Caribbean totaled X tonnes, increasing by X% against the previous year. The sheep, goat, cow fat exports continue to indicate a temperate decrease. The pace of growth was the most pronounced in 2017, when exports increased by X% year-to-year. The volume of exports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, sheep, goat, cow fat exports amounted to $X in 2017. The sheep, goat, cow fat exports continue to indicate an abrupt contraction. Over the period under review, the sheep, goat, cow fat exports attained its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Sheep, Goat, Cow Fat Exports by Country in Latin America and the Caribbean

Uruguay (X tonnes) and Paraguay (X tonnes) dominates sheep, goat, cow fat exports structure, together constituting X% of total exports. Nicaragua (X tonnes) held the second position in the ranking, followed by Argentina (X tonnes). All these countries together took approx. X% share of total exports. Brazil (X tonnes) occupied the slight share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Paraguay (+X% per year), while the other leaders experienced mixed trends in the exports figures.

In value terms, Uruguay ($X), Paraguay ($X) and Nicaragua ($X) appeared to be the countries with the highest levels of exports in 2017, together accounting for X% of total exports.

Among the main exporting countries , Paraguay (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Sheep, Goat, Cow Fat Export Prices by Country in Latin America and the Caribbean

In 2017, the sheep, goat, cow fat export price in Latin America and the Caribbean amounted to $X per tonne, falling by -X% against the previous year. The sheep, goat, cow fat export price continues to indicate a drastic decrease. The pace of growth appeared the most rapid in 2016, when the export prices increased by X% against the previous year. Over the period under review, the export prices for fats of bovine animals, sheep or goats attained its peak figure level of $X per tonne in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Nicaragua ($X per tonne), while Uruguay ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced a decline in the export price figures.

Sheep, Goat, Cow Fat Imports in Latin America and the Caribbean

The imports amounted to X tonnes in 2017, surging by X% against the previous year. The total imports indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the sheep, goat, cow fat imports decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2013, with an increase of X% y-o-y. Over the period under review, the sheep, goat, cow fat imports reached its peak figure volume of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, sheep, goat, cow fat imports stood at $X in 2017. The sheep, goat, cow fat imports continue to indicate a relatively flat trend pattern. In that year, the sheep, goat, cow fat imports reached their peak level of $X. From 2014 to 2017, growth of the sheep, goat, cow fat imports failed to regain its momentum.

Sheep, Goat, Cow Fat Imports by Country in Latin America and the Caribbean

Mexico represented the main importer of fats of bovine animals, sheep or goats in Latin America and the Caribbean, with the volume of imports amounting to X tonnes, which was approx. X% of total imports in 2017. Brazil (X tonnes) ranks second in terms of the global imports with a X% share, followed by Guatemala (X%). The following importers - Peru (X tonnes) and the Dominican Republic (X tonnes) each finished at a X% share of total imports.

Imports into Mexico increased at an average annual rate of +X% from 2007 to 2017. At the same time, Brazil (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. The Dominican Republic experienced a relatively flat trend pattern. By contrast, Guatemala (-X%) and Peru (-X%) illustrated a downward trend over the same period. While the share of Peru (X%) increased significantly in terms of the global imports from 2007-2017, the share of Brazil (-X%) and Mexico (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported fats of bovine animals, sheep or goats in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global imports. It was followed by Guatemala, with a X% share.

In Mexico, sheep, goat, cow fat imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Guatemala (-X% per year).

Sheep, Goat, Cow Fat Import Prices by Country in Latin America and the Caribbean

The sheep, goat, cow fat import price in Latin America and the Caribbean stood at $X per tonne in 2017, surging by X% against the previous year. The sheep, goat, cow fat import price continues to indicate an abrupt decrease. The pace of growth appeared the most rapid in 2017, when the import prices increased by X% y-o-y. The level of import price peaked of $X per tonne in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Peru ($X per tonne), while Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Peru (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform