U.S.: Oleo Oils Market 2022

Oleo Oils Market Size in the U.S.

In 2021, the U.S. oleo oils market decreased by -X% to $X for the first time since 2015, thus ending a five-year rising trend. Over the period under review, consumption, however, enjoyed a strong expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then declined in the following year.

Oleo Oils Production in the U.S.

In value terms, oleo oils production dropped to $X in 2021. In general, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Oleo Oils Exports

Exports from the U.S.

For the third year in a row, the United States recorded growth in overseas shipments of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, which increased by X% to X tons in 2021. In general, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, oleo oils exports surged to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Mexico totaled +X%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico amounted to +X%.

Export Prices by Country

In 2021, the average oleo oils export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to -X% per year.

Oleo Oils Imports

Imports into the U.S.

In 2021, approx. X kg of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil were imported into the United States; with a decrease of -X% compared with the year before. Overall, imports saw a dramatic slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, oleo oils imports dropped remarkably to $X in 2021. Over the period under review, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Australia (X kg) was the main oleo oils supplier to the United States, with a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Australia amounted to -X%.

In value terms, Australia ($X) constituted the largest supplier of oleo oils to the United States.

From 2012 to 2021, the average annual growth rate of value from Australia totaled -X%.

Import Prices by Country

The average oleo oils import price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the import price enjoyed a significant expansion. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -X% per year.

Source: IndexBox Market Intelligence Platform

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