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Northern America - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Northern America: Vegetable Oils Market Overview 2021

Vegetable Oils Market Size in Northern America

The North American vegetable oils market surged to $X in 2019, increasing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. The level of consumption peaked in 2019 and is expected to retain growth in the immediate term.

Vegetable Oils Production in Northern America

In value terms, vegetable oils production skyrocketed to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The level of production peaked at $X in 2017; however, from 2018 to 2019, production remained at a lower figure.

Production By Country in Northern America

The U.S. (X tonnes) constituted the country with the largest volume of vegetable oils production, comprising approx. X% of total volume. Moreover, vegetable oils production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (X tonnes), sevenfold.

From 2007 to 2019, the average annual growth rate of volume in the U.S. stood at -X%.

Vegetable Oils Exports

Exports in Northern America

In 2019, vegetable oils exports in Northern America plummeted to X tonnes, with a decrease of -X% on the previous year's figure. In general, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The volume of export peaked at X tonnes in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

In value terms, vegetable oils exports dropped significantly to $X in 2019. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2009 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

The U.S. represented the main exporter of vegetable fats and oils in Northern America, with the volume of exports resulting at X tonnes, which was approx. X% of total exports in 2019. It was distantly followed by Canada (X tonnes), achieving an X% share of total exports.

The U.S. was also the fastest-growing in terms of the vegetable fats and oils exports, with a CAGR of -X% from 2007 to 2019. Canada (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of the U.S. increased by +X% percentage points, while Canada (-X p.p.) saw their share reduced.

In value terms, the U.S. ($X) remains the largest vegetable oils supplier in Northern America, comprising X% of total exports. The second position in the ranking was occupied by Canada ($X), with a X% share of total exports.

In the U.S., vegetable oils exports plunged by an average annual rate of -X% over the period from 2007-2019.

Export Prices by Country

In 2019, the vegetable oils export price in Northern America amounted to $X per tonne, growing by X% against the previous year. Export price indicated buoyant growth from 2007 to 2019: its price 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, vegetable oils export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices hit record highs in 2019 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while Canada stood at $X per tonne.

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

Vegetable Oils Imports

Imports in Northern America

In 2019, purchases abroad of vegetable fats and oils increased by X% to X tonnes, rising for the third year in a row after two years of decline. In general, imports showed a strong increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2019 and are expected to retain growth in the near future.

In value terms, vegetable oils imports shrank rapidly to $X in 2019. Total imports indicated pronounced growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2019, the U.S. (X tonnes) was the key importer of vegetable fats and oils, comprising X% of total imports. It was distantly followed by Canada (X tonnes), achieving a X% share of total imports.

The U.S. was also the fastest-growing in terms of the vegetable fats and oils imports, with a CAGR of +X% from 2007 to 2019. Canada (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of the U.S. increased by +X% percentage points, while Canada (-X p.p.) saw their share reduced.

In value terms, the U.S. ($X) constitutes the largest market for imported vegetable fats and oils in Northern America, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value in the U.S. amounted to +X%.

Import Prices by Country

In 2019, the vegetable oils import price in Northern America amounted to $X per tonne, falling by -X% against the previous year. Overall, the import price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2008 when the import price increased by X% year-to-year. Over the period under review, import prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, the country with the highest price was Canada ($X per tonne), while the U.S. stood at $X per tonne.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable fats and oils in Northern America?
+
The country with the largest volume of vegetable oils consumption was the U.S. (837K tonnes), accounting for 88% of total volume. Moreover, vegetable oils consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Canada (114K tonnes), sevenfold.
What are the largest producers of vegetable fats and oils in Northern America?
+
The country with the largest volume of vegetable oils production was the U.S. (673K tonnes), comprising approx. 87% of total volume. Moreover, vegetable oils production in the U.S. exceeded the figures recorded by the second-largest producer, Canada (99K tonnes), sevenfold.
What are the leading suppliers of vegetable fats and oils in Northern America?
+
In value terms, the U.S. ($81M) remains the largest vegetable oils supplier in Northern America, comprising 85% of total exports. The second position in the ranking was occupied by Canada ($14M), with a 15% share of total exports.
What are the leading importers of vegetable fats and oils in Northern America?
+
In value terms, the U.S. ($190M) constitutes the largest market for imported vegetable fats and oils in Northern America, comprising 87% of total imports. The second position in the ranking was occupied by Canada ($28M), with a 13% share of total imports.
What is the average export price for vegetable fats and oils in Northern America?
+
The vegetable oils export price in Northern America stood at $2,461 per tonne in 2019, picking up by 13% against the previous year.
What is the average import price for vegetable fats and oils in Northern America?
+
The vegetable oils import price in Northern America stood at $1,001 per tonne in 2019, waning by -22.2% 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 Northern America. 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:
• Bermuda
• Greenland
• Saint Pierre and Miquelon

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Northern America, split by region and country
• Trade (exports and imports) in Northern America
• 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

• Bermuda
• Canada
• Greenland
• Saint Pierre and Miquelon
• USA
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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