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U.S. - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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U.S.: Vegetable Oils Market Overview 2021

Vegetable Oils Market Size in the U.S.

The U.S. vegetable oils market skyrocketed to $X in 2019, with an increase of 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 in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Vegetable oils consumption peaked in 2019 and is likely to see steady growth in the near future.

Vegetable Oils Production in the U.S.

In value terms, vegetable oils production surged to $X in 2019. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Vegetable oils production peaked at $X in 2017; however, from 2018 to 2019, production remained at a lower figure.

Vegetable Oils Exports

Exports from the U.S.

In 2019, the amount of vegetable fats and oils exported from the U.S. shrank significantly to X tonnes, with a decrease of -X% against the previous year. Overall, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2009 to 2019, the growth exports remained at a lower figure.

In value terms, vegetable oils exports declined markedly to $X in 2019. Over the period under review, exports recorded a perceptible slump. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2009 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Canada (X tonnes), Mexico (X tonnes) and Uruguay (X tonnes) were the main destinations of vegetable oils exports from the U.S., with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Uruguay (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2019, the average vegetable oils export price amounted to $X per tonne, with an increase of X% against the previous year. Overall, export price indicated a strong increase 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 most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to the Dominican Republic ($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 more modest paces of growth.

Vegetable Oils Imports

Imports into the U.S.

In 2019, supplies from abroad of vegetable fats and oils increased by X% to X tonnes, rising for the tenth consecutive year after two years of decline. Over the period under review, imports continue to indicate a remarkable 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 hit record highs in 2019 and are expected to retain growth in years to come.

In value terms, vegetable oils imports fell rapidly to $X in 2019. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced dramatically in the following year.

Imports by Country

Indonesia (X tonnes), India (X tonnes) and Canada (X tonnes) were the main suppliers of vegetable oils imports to the U.S., together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of vegetable oils to the U.S., comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Indonesia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Canada (-X% per year).

Import Prices by Country

In 2019, the average vegetable oils import price amounted to $X per tonne, which is down by -X% against the previous year. In general, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2009 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2010; however, from 2011 to 2019, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Colombia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable fats and oils in the world?
+
The countries with the highest volumes of vegetable oils consumption in 2019 were China (1.7M tonnes), the U.S. (837K tonnes) and India (633K tonnes), with a combined 30% share of global consumption. These countries were followed by Japan, Russia, the Netherlands, Brazil, Indonesia, Pakistan, Bangladesh, Mexico, France and Nigeria, which together accounted for a further 26%.
What are the largest producers of vegetable fats and oils in the world?
+
China (1.5M tonnes) remains the largest vegetable oils producing country worldwide, comprising approx. 16% of total volume. Moreover, vegetable oils production in China exceeded the figures recorded by the second-largest producer, the U.S. (673K tonnes), twofold. India (664K tonnes) ranked third in terms of total production with a 7.1% share.
What are the leading suppliers of vegetable fats and oils to the U.S.?
+
In value terms, Indonesia ($70M) constituted the largest supplier of vegetable oils to the U.S., comprising 37% of total imports. The second position in the ranking was occupied by India ($28M), with a 15% share of total imports. It was followed by Canada, with a 13% share.
What are the leading importers of vegetable fats and oils from the U.S.?
+
In value terms, Canada ($22M), Mexico ($16M) and Uruguay ($11M) appeared to be the largest markets for vegetable oils exported from the U.S. worldwide, with a combined 61% share of total exports.
What is the average export price for vegetable fats and oils in the U.S.?
+
The average vegetable oils export price stood at $2,548 per tonne in 2019, jumping by 16% against the previous year.
What is the average import price for vegetable fats and oils in the U.S.?
+
The average vegetable oils import price stood at $969 per tonne in 2019, dropping by -24.1% 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 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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