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Saudi Arabia - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Saudi Arabia: Animal Fats Market Overview 2021

Animal Fats Market Size in Saudi Arabia

The Saudi animal fats market rose significantly to $X in 2019, with an increase of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. Animal fats consumption peaked at $X in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.

Animal Fats Production in Saudi Arabia

In value terms, animal fats production surged to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2019 and is likely to see gradual growth in the near future.

Animal Fats Exports

Exports from Saudi Arabia

Animal fats exports from Saudi Arabia surged to X tonnes in 2019, growing by X% on 2018 figures. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2019 and are likely to continue growth in the immediate term.

In value terms, animal fats exports soared to $X in 2019. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Pakistan (X tonnes) was the main destination for animal fats exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, animal fats exports to Pakistan exceeded the volume sent to the second major destination, Bangladesh (X tonnes), fivefold. The third position in this ranking was occupied by the United Arab Emirates (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Pakistan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, the largest markets for animal fats exported from Saudi Arabia were the United Arab Emirates ($X), Pakistan ($X) and Sudan ($X), with a combined X% share of total exports.

Sudan (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average animal fats export price stood at $X per tonne in 2019, declining by -X% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Jordan, while the prices for the other major destinations experienced a decline.

Animal Fats Imports

Imports into Saudi Arabia

In 2019, supplies from abroad of animal fats and oils decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, imports showed a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tonnes in 2008; however, from 2009 to 2019, imports failed to regain the momentum.

In value terms, animal fats imports reduced dramatically to $X in 2019. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, New Zealand (X tonnes) constituted the largest supplier of animal fats to Saudi Arabia, with a X% share of total imports. Moreover, animal fats imports from New Zealand exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tonnes), threefold. The third position in this ranking was occupied by Malaysia (X tonnes), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from New Zealand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Malaysia (-X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of animal fats to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Yemen, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from New Zealand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Yemen (+X% per year).

Import Prices by Country

In 2019, the average animal fats import price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was New Zealand ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal fats and oils in the world?
+
China (400K tonnes) remains the largest animal fats consuming country worldwide, comprising approx. 16% of total volume. Moreover, animal fats consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (184K tonnes), twofold. The third position in this ranking was occupied by Italy (160K tonnes), with a 6.3% share.
What are the largest producers of animal fats and oils in the world?
+
China (404K tonnes) remains the largest animal fats producing country worldwide, accounting for 16% of total volume. Moreover, animal fats production in China exceeded the figures recorded by the second-largest producer, the U.S. (183K tonnes), twofold. Italy (160K tonnes) ranked third in terms of total production with a 6.3% share.
What are the leading suppliers of animal fats and oils to Saudi Arabia?
+
In value terms, New Zealand ($8.8M) constituted the largest supplier of animal fats to Saudi Arabia, comprising 80% of total imports. The second position in the ranking was occupied by the United Arab Emirates ($808K), with a 7.3% share of total imports. It was followed by Yemen, with a 4.4% share.
What are the leading importers of animal fats and oils from Saudi Arabia?
+
In value terms, the United Arab Emirates ($741K), Pakistan ($450K) and Sudan ($98K) constituted the largest markets for animal fats exported from Saudi Arabia worldwide, together comprising 84% of total exports.
What is the average export price for animal fats and oils in Saudi Arabia?
+
The average animal fats export price stood at $501 per tonne in 2019, declining by -3.6% against the previous year.
What is the average import price for animal fats and oils in Saudi Arabia?
+
In 2019, the average animal fats import price amounted to $4,253 per tonne, waning by -12.4% against the previous year.

Product coverage:
• Prodcom 10416030 - Animal 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 animal fats market in Saudi Arabia. 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:
• Saudi Arabia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Saudi Arabia
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

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

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 In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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