Mexico: Oleo Oils Market Overview 2021

Oleo Oils Market Size in Mexico

In 2020, the Mexican oleo oils market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption continues to indicate significant growth. The pace of growth was the most pronounced in 2018 when the market value increased by X% year-to-year. Oleo oils consumption peaked in 2020 and is likely to see steady growth in years to come.

Oleo Oils Exports

Exports from Mexico

In 2020, overseas shipments of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil increased by X% to X kg, rising for the third year in a row after two years of decline. Overall, exports, however, saw a mild decrease. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. From 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, oleo oils exports totaled $X in 2020. In general, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2016 to 2020, the growth exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for oleo oils exports from Mexico, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Canada stood at +X%.

In value terms, Canada ($X) also remains the key foreign market for oleo oils exports from Mexico.

From 2007 to 2020, the average annual rate of growth in terms of value to Canada amounted to +X%.

Export Prices by Country

In 2020, the average oleo oils export price amounted to $X per tonne, remaining constant against the previous year. Over the period under review, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2007 to 2020, the rate of growth in terms of prices for Canada amounted to -X% per year.

Oleo Oils Imports

Imports into Mexico

In 2020, purchases abroad of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil increased by X% to X tonnes, rising for the third consecutive year after two years of decline. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2020 and are expected to retain growth in the near future.

In value terms, oleo oils imports rose to $X in 2020. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to continue growth in years to come.

Imports by Country

In 2020, the U.S. (X tonnes) was the main supplier of oleo oils to Mexico, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%.

In value terms, the U.S. ($X) constituted the largest supplier of oleo oils to Mexico.

From 2007 to 2020, the average annual growth rate of value from the U.S. amounted to +X%.

Import Prices by Country

The average oleo oils import price stood at $X per tonne in 2020, rising by X% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2017 to 2020, the growth in terms of the average import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of oleo oils consumption in 2020 were Ireland (75K tonnes), the U.S. (44K tonnes) and the UK (35K tonnes), together comprising 53% of global consumption. These countries were followed by Malaysia, Sudan, Belgium and Egypt, which together accounted for a further 34%.

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

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The countries with the highest volumes of oleo oils production in 2020 were the UK (90K tonnes), Ireland (72K tonnes) and the U.S. (54K tonnes), together comprising 74% of global production.

What are the leading suppliers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to Mexico?

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In value terms, the U.S. ($3M) constituted the largest supplier of oleo oils to Mexico.

What are the leading importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil from Mexico?

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In value terms, Canada ($315) remains the key foreign market for oleo oils exports from Mexico.

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

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In 2020, the average oleo oils export price amounted to $532 per tonne, almost unchanged from the previous year.

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

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In 2020, the average oleo oils import price amounted to $764 per tonne, surging by 2.2% against the previous year.