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Latin America and the Caribbean - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Latin America and the Caribbean: Vegetable Oils Market Overview 2021

Vegetable Oils Market Size in Latin America and the Caribbean

The Latin American vegetable oils market reduced modestly to $X in 2019, remaining relatively unchanged against the previous year. Overall, consumption saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. The level of consumption peaked at $X in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.

Vegetable Oils Production in Latin America and the Caribbean

In value terms, vegetable oils production shrank to $X in 2019 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level at $X in 2011; however, from 2012 to 2019, production remained at a lower figure.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of vegetable oils production in 2019 were Brazil (X tonnes), Mexico (X tonnes) and Argentina (X tonnes), with a combined X% share of total production. Colombia, Venezuela, Ecuador, Peru, Guatemala, Honduras, Bolivia, the Dominican Republic and Chile lagged somewhat behind, together accounting for a further X 2007 to 2019, the biggest increases were in Honduras, while vegetable oils production for the other leaders experienced more modest paces of growth.

Vegetable Oils Exports

Exports in Latin America and the Caribbean

In 2019, shipments abroad of vegetable fats and oils decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Over the period under review, exports showed a mild decline. The pace of growth appeared the most rapid in 2010 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

In value terms, vegetable oils exports dropped to $X in 2019. In general, exports recorded a mild curtailment. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

In 2019, Ecuador (X tonnes), Guatemala (X tonnes) and Honduras (X tonnes) represented the key exporter of vegetable fats and oils in Latin America and the Caribbean, creating X% of total export. Peru (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by Brazil (X%). El Salvador (X tonnes) and Colombia (X tonnes) took a little share of total exports.

From 2007 to 2019, the biggest increases were in Peru, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable oils supplying countries in Latin America and the Caribbean were Ecuador ($X), Guatemala ($X) and Honduras ($X), with a combined X% share of total exports. Brazil, Peru, Colombia and El Salvador lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The vegetable oils export price in Latin America and the Caribbean stood at $X per tonne in 2019, falling by -X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

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

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

Vegetable Oils Imports

Imports in Latin America and the Caribbean

In 2019, approx. X tonnes of vegetable fats and oils were imported in Latin America and the Caribbean; increasing by X% compared with the year before. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2012 to 2019, the growth imports failed to regain the momentum.

In value terms, vegetable oils imports dropped to $X in 2019. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2012 to 2019, the growth imports remained at a lower figure.

Imports by Country

Chile (X tonnes), El Salvador (X tonnes), Brazil (X tonnes), Guatemala (X tonnes), Mexico (X tonnes), Cuba (X tonnes), Honduras (X tonnes), Uruguay (X tonnes), Peru (X tonnes), Argentina (X tonnes) and Colombia (X tonnes) represented roughly X% of total imports of vegetable fats and oils in 2019.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uruguay, while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2019, together accounting for X% of total imports. These countries were followed by Uruguay, Guatemala, Cuba, El Salvador, Honduras, Peru, Argentina and Colombia, which together accounted for a further X terms of the main importing countries, Uruguay recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the vegetable oils import price in Latin America and the Caribbean amounted to $X per tonne, waning by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

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

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable fats and oils in LatAmerica and the Caribbean?
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The countries with the highest volumes of vegetable oils consumption in 2019 were Brazil (281K tonnes), Mexico (207K tonnes) and Argentina (75K tonnes), together accounting for 56% of total consumption. Colombia, Venezuela, Peru, Chile, Ecuador, Guatemala, Cuba, Bolivia, the Dominican Republic and Honduras lagged somewhat behind, together accounting for a further 34%.
What are the largest producers of vegetable fats and oils in LatAmerica and the Caribbean?
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The countries with the highest volumes of vegetable oils production in 2019 were Brazil (269K tonnes), Mexico (193K tonnes) and Argentina (71K tonnes), together comprising 58% of total production. These countries were followed by Colombia, Venezuela, Ecuador, Peru, Guatemala, Honduras, Bolivia, the Dominican Republic and Chile, which together accounted for a further 34%.
What are the leading exporters of vegetable fats and oils in LatAmerica and the Caribbean?
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In value terms, Ecuador ($19M), Guatemala ($15M) and Honduras ($14M) constituted the countries with the highest levels of exports in 2019, together accounting for 64% of total exports. These countries were followed by Brazil, Peru, Colombia and El Salvador, which together accounted for a further 18%.
What are the leading importers of vegetable fats and oils in LatAmerica and the Caribbean?
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In value terms, Chile ($24M), Brazil ($23M) and Mexico ($21M) were the countries with the highest levels of imports in 2019, together comprising 34% of total imports. These countries were followed by Uruguay, Guatemala, Cuba, El Salvador, Honduras, Peru, Argentina and Colombia, which together accounted for a further 52%.
What is the average export price for vegetable fats and oils in LatAmerica and the Caribbean?
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In 2019, the vegetable oils export price in Latin America and the Caribbean amounted to $1,100 per tonne, falling by -7.3% against the previous year.
What is the average import price for vegetable fats and oils in LatAmerica and the Caribbean?
+
The vegetable oils import price in Latin America and the Caribbean stood at $1,288 per tonne in 2019, with a decrease of -13.4% against the previous year.

Product coverage:
• Prodcom 10416050 - Vegetable 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 vegetable oils 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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