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 declined to $X in 2020, reducing by -X% against the previous year. Over the period under review, consumption recorded a deep setback. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. The level of consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Oleo Oils Production in Latin America and the Caribbean

In value terms, oleo oils production soared to $X in 2020 estimated in export prices. In general, production, however, showed a deep setback. The level of production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Production By Country in Latin America and the Caribbean

The country with the largest volume of oleo oils production was Argentina (X tonnes), accounting for X% of total volume. Moreover, oleo oils production in Argentina exceeded the figures recorded by the second-largest producer, Peru (X tonnes), threefold.

In Argentina, oleo oils production expanded at an average annual rate of +X% over the period from 2007-2020.

Oleo Oils Exports

Exports in Latin America and the Caribbean

In 2020, after two years of growth, there was significant decline in overseas shipments of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, when their volume decreased by -X% to X tonnes. Overall, exports faced a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. The volume of export peaked at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, oleo oils exports declined markedly to $X in 2020. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Argentina was the key exporting country with an export of about X tonnes, which reached X% of total exports. Uruguay (X tonnes) ranks second in terms of the total exports with a X% share, followed by Aruba (X%).

From 2007 to 2020, average annual rates of growth with regard to oleo oils exports from Argentina stood at +X%. At the same time, Aruba (+X%) displayed positive paces of growth. Moreover, Aruba emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Uruguay (-X%) illustrated a downward trend over the same period. Argentina (+X p.p.) and Aruba (+X p.p.) significantly strengthened its position in terms of the total exports, while Uruguay saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Argentina ($X) remains the largest oleo oils supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Aruba ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in Argentina totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Aruba (+X% per year) and Uruguay (-X% per year).

Export Prices by Country

The oleo oils export price in Latin America and the Caribbean stood at $X per tonne in 2020, with an increase of X% against the previous year. Overall, the export price, however, showed a slight setback. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Aruba ($X per tonne), while Uruguay ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the other leaders experienced mixed trends in the export price figures.

Oleo Oils Imports

Imports in Latin America and the Caribbean

In 2020, supplies from abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, oleo oils imports reduced to $X in 2020. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Mexico (X tonnes) was the key importer of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, achieving X% of total imports. Aruba (X tonnes) occupied the second position in the ranking, followed by Honduras (X tonnes). All these countries together held near X% share of total imports. Uruguay (X tonnes) occupied a minor share of total imports.

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 2020. 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. From 2007 to 2020, the share of Mexico, Aruba and Uruguay increased by +X%, +X% and +X% percentage points, while Honduras (-X p.p.) saw their share reduced.

In value terms, Mexico ($X) constitutes the largest market for imported lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Aruba ($X), with a X% share of total imports. It was followed by Honduras, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Mexico totaled +X%. In the other countries, the average annual rates were as follows: Aruba (+X% per year) and Honduras (-X% per year).

Import Prices by Country

In 2020, the oleo oils import price in Latin America and the Caribbean amounted to $X per tonne, leveling off at the previous year. Overall, the import price saw a notable expansion. The pace of growth appeared the most rapid in 2011 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Honduras, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox 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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Mexico (4K tonnes) remains the largest oleo oils consuming country in Latin America and the Caribbean, accounting for 66% of total volume. Moreover, oleo oils consumption in Mexico exceeded the figures recorded by the second-largest consumer, Aruba (632 tonnes), sixfold. The third position in this ranking was occupied by Honduras (539 tonnes), with a 9% share.

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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Argentina (493 tonnes) remains the largest oleo oils producing country in Latin America and the Caribbean, comprising approx. 76% of total volume. Moreover, oleo oils production in Argentina exceeded the figures recorded by the second-largest producer, Peru (156 tonnes), threefold.

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, Argentina ($236K) remains the largest oleo oils supplier in Latin America and the Caribbean, comprising 68% of total exports. The second position in the ranking was occupied by Aruba ($62K), with a 18% share 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 ($3M) constitutes the largest market for imported lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Latin America and the Caribbean, comprising 52% of total imports. The second position in the ranking was occupied by Aruba ($1.3M), with a 23% share of total imports. It was followed by Honduras, with a 15% share.

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 $1,160 per tonne in 2020, jumping by 36% 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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In 2020, the oleo oils import price in Latin America and the Caribbean amounted to $1,025 per tonne, stabilizing at the previous year.