Latest Report Update: Apr 17, 2021

U.S. - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil And Tallow Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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U.S.: Oleo Oils Market Overview 2021

Oleo Oils Market Size in the U.S.

After three years of growth, the U.S. oleo oils market decreased by -X% to $X in 2019. Overall, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.

Oleo Oils Production in the U.S.

In value terms, oleo oils production declined slightly to $X in 2019. In general, production 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, production reached the peak level of $X. From 2012 to 2019, production growth failed to regain the momentum.

Oleo Oils Exports

Exports from the U.S.

In 2019, the amount of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil exported from the U.S. skyrocketed to X tonnes, growing by X% compared with the previous year's figure. In general, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2010 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2011 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, oleo oils exports soared to $X in 2019. Over the period under review, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2019, exports remained at a lower figure.

Exports by Country

Nigeria (X tonnes) was the main destination for oleo oils exports from the U.S., accounting for a X% share of total exports. Moreover, oleo oils exports to Nigeria exceeded the volume sent to the second major destination, Mexico (X tonnes), twofold. Honduras (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Nigeria totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Honduras (-X% per year).

In value terms, the largest markets for oleo oils exported from the U.S. were Nigeria ($X), Mexico ($X) and Honduras ($X), with a combined X% share of total exports.

Mexico 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 mixed trend patterns.

Export Prices by Country

In 2019, the average oleo oils export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Aruba ($X per tonne), while the average price for exports to Nigeria ($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 South Korea, while the prices for the other major destinations experienced a decline.

Oleo Oils Imports

Imports into the U.S.

Oleo oils imports into the U.S. contracted sharply to X tonnes in 2019, which is down by -X% against the previous year's figure. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tonnes in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, oleo oils imports dropped markedly to $X in 2019. Overall, imports continue to indicate a deep setback. 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 reached the maximum at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Canada (X tonnes) was the main supplier of oleo oils to the U.S., with a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Canada amounted to -X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value from Canada totaled -X%.

Import Prices by Country

The average oleo oils import price stood at $X per tonne in 2019, picking up by X% against the previous year. Over the period under review, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. As a result, import price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for Canada amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?
+
The countries with the highest volumes of oleo oils consumption in 2019 were China (5.6M tonnes), the U.S. (2.8M tonnes) and India (2.3M tonnes), with a combined 27% share of global consumption. These countries were followed by Japan, Germany, Russia, Pakistan, Brazil, Bangladesh, Indonesia, France, Mexico and Nigeria, which together accounted for a further 30%.
What are the largest producers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?
+
The countries with the highest volumes of oleo oils production in 2019 were China (5.6M tonnes), the U.S. (2.8M tonnes) and India (2.3M tonnes), together accounting for 28% of global production. These countries were followed by Japan, Germany, Russia, Pakistan, Brazil, Bangladesh, Indonesia, France, Mexico and Nigeria, which together accounted for a further 30%.
What are the leading suppliers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to the U.S.?
+
In value terms, Canada ($6.8K) constituted the largest supplier of oleo oils to the U.S..
What are the leading importers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil from the U.S.?
+
In value terms, Nigeria ($1.9M), Mexico ($957K) and Honduras ($796K) constituted the largest markets for oleo oils exported from the U.S. worldwide, with a combined 81% share of total exports.
What is the average export price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the U.S.?
+
The average oleo oils export price stood at $715 per tonne in 2019, with a decrease of -10.5% against the previous year.
What is the average import price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the U.S.?
+
In 2019, the average oleo oils import price amounted to $2,522 per tonne, growing by 9% against the previous year.

Product coverage:
• Prodcom 10411100 - Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared)

This report provides an in-depth analysis of the oleo oils market in the U.S.. 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:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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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