Global Animal Fats Market Overview 2020

Animal Fats Market Size

In 2019, the global animal fats market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the global market reached the maximum level at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Animal Fats Production

In value terms, animal fats production declined to $X in 2019 estimated in export prices. The total output 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 throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, global production hit record highs at $X in 2018, and then reduced in the following year.

Production By Country

The countries with the highest volumes of animal fats production in 2019 were China (X tonnes), the U.S. (X tonnes) and Italy (X tonnes), with a combined X% share of global production.

From 2007 to 2019, the biggest increases were in Italy, while animal fats production for the other global leaders experienced more modest paces of growth.

Animal Fats Exports

Exports

In 2019, shipments abroad of animal fats and oils decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. In general, total exports indicated tangible growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Global exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, animal fats exports declined slightly to $X in 2019. Overall, total exports indicated a buoyant increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Global exports peaked at $X in 2018, and then shrank slightly in the following year.

Exports by Country

In 2019, Belgium (X tonnes), distantly followed by the UK (X tonnes), Peru (X tonnes), Chile (X tonnes), Germany (X tonnes) and Croatia (X tonnes) represented the main exporters of animal fats and oils, together generating X% of total exports. Spain (X tonnes), the United Arab Emirates (X tonnes), Romania (X tonnes), El Salvador (X tonnes), Australia (X tonnes) and Colombia (X tonnes) held a little share of total exports.

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

In value terms, Chile ($X), the UK ($X) and Peru ($X) constituted the countries with the highest levels of exports in 2019, with a combined X% share of global exports.

Chile saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 tonne in 2019, surging by X% against the previous year. Overall, export price indicated moderate growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, animal fats export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Chile, while the other global leaders experienced more modest paces of growth.

Animal Fats Imports

Imports

In 2019, the amount of animal fats and oils imported worldwide dropped to X tonnes, reducing by -X% compared with the year before. Overall, imports showed a mild reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Over the period under review, global imports hit record highs at X tonnes in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, animal fats imports stood at $X in 2019. In general, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Global imports peaked in 2019 and are likely to continue growth in years to come.

Imports by Country

In 2019, Chile (X tonnes), the UK (X tonnes), the Netherlands (X tonnes), Germany (X tonnes), Saudi Arabia (X tonnes), Spain (X tonnes), Hungary (X tonnes), Guatemala (X tonnes), France (X tonnes), Romania (X tonnes), Togo (X tonnes) and the Philippines (X tonnes) was the largest importer of animal fats and oils in the world, mixing up X% of total import.

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

In value terms, the largest animal fats importing markets worldwide were the UK ($X), Germany ($X) and Saudi Arabia ($X), with a combined X% share of global imports. These countries were followed by the Netherlands, Spain, Romania, Chile, France, the Philippines, Hungary, Guatemala and Togo, which together accounted for a further X saw 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

The average animal fats import price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the import price saw resilient growth. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Global import price peaked in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Saudi Arabia ($X per tonne), while Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other global leaders 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?

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The countries with the highest volumes of animal fats consumption in 2019 were China (355K tonnes), the U.S. (191K tonnes) and Italy (159K tonnes), together comprising 30% of global consumption.

What are the largest producers of animal fats and oils in the world?

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The countries with the highest volumes of animal fats production in 2019 were China (355K tonnes), the U.S. (191K tonnes) and Italy (160K tonnes), together comprising 30% of global production.

What are the leading suppliers of animal fats and oils in the world?

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In value terms, the largest animal fats supplying countries worldwide were Chile ($35M), the UK ($19M) and Peru ($15M), together accounting for 45% of global exports.

What are the leading importers of animal fats and oils in the world?

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In value terms, the UK ($20M), Germany ($14M) and Saudi Arabia ($14M) were the countries with the highest levels of imports in 2019, together comprising 27% of global imports. These countries were followed by the Netherlands, Spain, Romania, Chile, France, the Philippines, Hungary, Guatemala and Togo, which together accounted for a further 21%.

What is the average export price for animal fats and oils in the world?

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The average animal fats export price stood at $2,146 per tonne in 2019, jumping by 20% against the previous year.

What is the average import price for animal fats and oils in the world?

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The average animal fats import price stood at $3,664 per tonne in 2019, rising by 14% against the previous year.