Global Animal Fats Market 2022

Animal Fats Market Size

In 2021, the global animal fats market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, saw a prominent increase. As a result, consumption attained the peak level of $X, and then dropped dramatically in the following year.

Animal Fats Production

In value terms, animal fats production dropped remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then reduced sharply in the following year.

Production By Country

The countries with the highest volumes of in 2021 were China (X tons), the United States (X tons) and India (X tons), together accounting for X% of global production. These countries were followed by Italy, Japan, Russia, Germany, Brazil, Pakistan, Indonesia, Bangladesh, France and Mexico, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Italy (with a CAGR of +X%), while production for the other global leaders experienced more modest paces of growth.

Animal Fats Exports

Exports

In 2021, shipments abroad of animal fats and oils increased by X% to X tons, rising for the second year in a row after three years of decline. In general, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the global exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, animal fats exports surged to $X in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium was the major exporting country with an export of about X tons, which reached X% of total exports. Egypt (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Croatia (X%), Germany (X%) and Saudi Arabia (X%). The following exporters - Hungary (X tons), Chile (X tons), Canada (X tons), Mexico (X tons), the United States (X tons), Colombia (X tons), El Salvador (X tons) and Romania (X tons) - together made up X% of total exports.

Exports from Belgium increased at an average annual rate of +X% from 2012 to 2021. At the same time, Hungary (+X%), Canada (+X%), Romania (+X%), Egypt (+X%), Mexico (+X%), Croatia (+X%), Colombia (+X%), Chile (+X%), Saudi Arabia (+X%), El Salvador (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. By contrast, the United States (-X%) illustrated a downward trend over the same period. Egypt (+X p.p.), Croatia (+X p.p.), Hungary (+X p.p.), Canada (+X p.p.), Mexico (+X p.p.), Chile (+X p.p.), Saudi Arabia (+X p.p.), Romania (+X p.p.) and Colombia (+X p.p.) significantly strengthened its position in terms of the global exports, while the United States saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Belgium ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021, with a combined X% share of global exports. Colombia, Germany, Croatia, Mexico, Hungary, Canada, El Salvador, Saudi Arabia, Romania and Egypt lagged somewhat behind, together comprising a further X terms of the main exporting countries, Hungary, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average animal fats export price stood at $X per ton in 2021, jumping by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Chile ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the other global leaders experienced more modest paces of growth.

Animal Fats Imports

Imports

In 2021, approx. X tons of animal fats and oils were imported worldwide; rising by X% on the previous year's figure. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Global imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, animal fats imports expanded remarkably to $X in 2021. In general, imports showed strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Global imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Sweden was the key importer of animal fats and oils in the world, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2021. Hungary (X tons) took the second position in the ranking, followed by Denmark (X tons) and Spain (X tons). All these countries together held approx. X% share of total imports. The UK (X tons), Latvia (X tons), Germany (X tons), Saudi Arabia (X tons), Chile (X tons), the United States (X tons), the Netherlands (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to animal fats imports into Sweden stood at +X%. At the same time, Denmark (+X%), Chile (+X%), Romania (+X%), Spain (+X%), Latvia (+X%), the United States (+X%), Hungary (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2012-2021. By contrast, the Netherlands (-X%), the UK (-X%) and Saudi Arabia (-X%) illustrated a downward trend over the same period. While the share of Sweden (+X p.p.), Denmark (+X p.p.), Spain (+X p.p.), Hungary (+X p.p.), Chile (+X p.p.) and Latvia (+X p.p.) increased significantly in terms of the global imports from 2012-2021, the share of the Netherlands (-X p.p.), Saudi Arabia (-X p.p.) and the UK (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest animal fats importing markets worldwide were Sweden ($X), the United States ($X) and Denmark ($X), with a combined X% share of global imports. Spain, the UK, the Netherlands, Saudi Arabia, Germany, Hungary, Romania, Latvia and Chile lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average animal fats import price amounted to $X per ton, shrinking by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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