Latin America and the Caribbean: Oleo Oils Market 2022

Oleo Oils Market Size in Latin America and the Caribbean

The Latin American oleo oils market reduced to $X in 2021, waning by -X% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2012 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Oleo Oils Production in Latin America and the Caribbean

In value terms, oleo oils production shrank to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X, and then contracted in the following year.

Oleo Oils Exports

Exports in Latin America and the Caribbean

In 2021, approx. X tons of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil were exported in Latin America and the Caribbean; growing by X% against the year before. Over the period under review, exports enjoyed resilient growth. The growth pace was the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, oleo oils exports rose markedly to $X in 2021. In general, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Argentina (X tons) and Uruguay (X tons) represented the key exporter of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Latin America and the Caribbean, generating X% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Argentina (with a CAGR of +X value terms, the largest oleo oils supplying countries in Latin America and the Caribbean were Argentina ($X) and Uruguay ($X the main exporting countries, Argentina, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price showed a deep slump. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Argentina ($X per ton), while Uruguay amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-X%).

Oleo Oils Imports

Imports in Latin America and the Caribbean

After three years of growth, supplies from abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by -X% to X tons in 2021. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, oleo oils imports declined to $X in 2021. Overall, imports recorded a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico represented 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 tons, which was approx. X% of total imports in 2021. It was distantly followed by Aruba (X tons) and Honduras (X tons), together creating a X% share of total imports. Uruguay (X tons) took a relatively small share of total imports.

Imports into Mexico increased at an average annual rate of +X% from 2012 to 2021. At the same time, Uruguay (+X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. By contrast, Aruba (-X%) and Honduras (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), Uruguay (+X p.p.) and Aruba (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Honduras (-X p.p.) displayed negative dynamics.

In value terms, Mexico ($X), Aruba ($X) and Honduras ($X) constituted the countries with the highest levels of imports in 2021, together comprising X% of total imports.

Mexico, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among 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 import price in Latin America and the Caribbean stood at $X per ton in 2021, jumping by X% against the previous year. Over the period under review, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Aruba ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Aruba (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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