Latin America and the Caribbean: Oleo Oils Market Overview 2021

Oleo Oils Market Size in Latin America and the Caribbean

The Latin American oleo oils market amounted to $X in 2019, with an increase of X% against the previous year. The total consumption indicated a resilient 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 increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. The level of consumption peaked in 2019 and is likely to see steady growth in years to come.

Oleo Oils Production in Latin America and the Caribbean

In value terms, oleo oils production rose significantly to $X in 2019 estimated in export prices. The total production indicated prominent growth 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, production increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, production reached the maximum level in 2019 and is expected to retain growth in the near future.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of oleo oils 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, Venezuela, Chile, Peru, Ecuador, the Dominican Republic, Guatemala and Bolivia, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of oleo oils production, amongst the key producing countries, was attained by Peru, while oleo oils production for the other leaders experienced more modest paces of growth.

Oleo Oils Exports

Exports in Latin America and the Caribbean

In 2019, oleo oils exports in Latin America and the Caribbean fell significantly to X tonnes, dropping by -X% against 2018. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes, and then fell rapidly in the following year.

In value terms, oleo oils exports shrank significantly to $X in 2019. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

In 2019, Uruguay (X tonnes) and Argentina (X tonnes) represented the key exporter of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Latin America and the Caribbean, comprising X% of total export.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Uruguay.

In value terms, the largest oleo oils supplying countries in Latin America and the Caribbean were Uruguay ($X) and Argentina ($X), with a combined X% share of total exports.

Argentina saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The oleo oils export price in Latin America and the Caribbean stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, the export price faced a abrupt contraction. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. Over the period under review, export prices attained the maximum at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was Argentina ($X per tonne), while Uruguay amounted to $X per tonne.

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

Oleo Oils Imports

Imports in Latin America and the Caribbean

Oleo oils imports surged to X tonnes in 2019, increasing by X% against 2018 figures. Over the period under review, imports, however, recorded a abrupt shrinkage. Over the period under review, imports attained the maximum at X tonnes in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

In value terms, oleo oils imports skyrocketed to $X in 2019. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at $X in 2011; however, from 2012 to 2019, imports remained at a lower figure.

Imports by Country

Mexico was the major importer of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Latin America and the Caribbean, with the volume of imports resulting at X tonnes, which was near X% of total imports in 2019. Aruba (X tonnes) ranks second in terms of the total imports with a X% share, followed by Honduras (X%) and Uruguay (X%).

Mexico was also the fastest-growing in terms of the lard stearin, lard oil, oleostearin, oleo-oil and tallow oil imports, with a CAGR of +X% from 2007 to 2019. At the same time, Aruba (+X%) and Uruguay (+X%) displayed positive paces of growth. By contrast, Honduras (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), Aruba (+X p.p.) and Uruguay (+X p.p.) increased significantly in terms of the total imports from 2007-2019, the share of Honduras (-X p.p.) displayed negative dynamics.

In value terms, the largest oleo oils importing markets in Latin America and the Caribbean were Mexico ($X), Aruba ($X) and Honduras ($X), with a combined X% share of total imports.

Mexico saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The oleo oils import price in Latin America and the Caribbean stood at $X per tonne in 2019, declining by -X% against the previous year. Over the period under review, the import price, however, saw a remarkable increase. The pace of growth was the most pronounced in 2011 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Aruba ($X per tonne), while Uruguay ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in LatAmerica and the Caribbean?

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The countries with the highest volumes of oleo oils consumption in 2019 were Brazil (1.1M tonnes), Mexico (810K tonnes) and Argentina (328K tonnes), together accounting for 60% of total consumption. Colombia, Venezuela, Chile, Peru, Ecuador, the Dominican Republic, Guatemala, Bolivia and Honduras lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in LatAmerica and the Caribbean?

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The countries with the highest volumes of oleo oils production in 2019 were Brazil (1.1M tonnes), Mexico (808K tonnes) and Argentina (329K tonnes), with a combined 60% share of total production. Colombia, Venezuela, Chile, Peru, Ecuador, the Dominican Republic, Guatemala and Bolivia lagged somewhat behind, together comprising a further 28%.

What are the leading suppliers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in LatAmerica and the Caribbean?

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In value terms, the largest oleo oils supplying countries in Latin America and the Caribbean were Uruguay ($482K) and Argentina ($375K), together comprising 97% of total exports.

What are the leading importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in LatAmerica and the Caribbean?

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In value terms, Mexico ($2.9M), Aruba ($1.6M) and Honduras ($1.1M) were the countries with the highest levels of imports in 2019, together comprising 90% of total imports.

What is the average export price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in LatAmerica and the Caribbean?

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The oleo oils export price in Latin America and the Caribbean stood at $711 per tonne in 2019, waning by -13.9% against the previous year.

What is the average import price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in LatAmerica and the Caribbean?

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The oleo oils import price in Latin America and the Caribbean stood at $1,329 per tonne in 2019, reducing by -18.6% against the previous year.