World - Animal Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights

Global Animal Fats Market Overview 2019

Animal Fats Market Size

The global animal fats market revenue amounted to $X in 2018, increasing by X% against the previous year. In general, animal fats consumption continues to indicate a perceptible deduction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. In that year, the global animal fats market reached its peak level of $X. From 2015 to 2018, the growth of the global animal fats market remained at a somewhat lower figure.

Animal Fats Production

In value terms, animal fats production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, global animal fats production reached its maximum level at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

Production By Country

The country with the largest volume of animal fats production was China (X tonnes), accounting for X% of total production. Moreover, animal fats production in China exceeded the figures recorded by the world's second-largest producer, the U.S. (X tonnes), twofold. India (X tonnes) ranked third in terms of total production with a X% share.

In China, animal fats production increased at an average annual rate of +X% over the period from 2013-2018. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and India (+X% per year).

Animal Fats Exports

Exports 2007-2018

In 2018, the global animal fats exports totaled X tonnes, rising by X% against the previous year. Overall, animal fats exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. The global exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, animal fats exports totaled $X in 2018. The total export value increased at an average annual rate of +X% from 2013 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. The global exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

The UK (X tonnes) and China (X tonnes) represented the key exporters of animal fats and oils in 2018, reaching near X% and X% of total exports, respectively. Viet Nam (X tonnes) took the next position in the ranking, followed by Germany (X tonnes), Romania (X tonnes) and Croatia (X tonnes). All these countries together held near X% share of total exports. The following exporters - the Netherlands (X tonnes), Spain (X tonnes), Peru (X tonnes), France (X tonnes), El Salvador (X tonnes) and the United Arab Emirates (X tonnes) - together made up X% of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Peru (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of global exports. These countries were followed by the Netherlands, Germany, Spain, Viet Nam, Peru, Croatia, the United Arab Emirates, El Salvador and Romania, which together accounted for a further X the main exporting countries, Peru (+X% per year) experienced the highest growth rate of exports, over the last five years, while 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 2018, approximately mirroring the previous year. In general, the animal fats export price continues to indicate a deep descent. The pace of growth was the most pronounced in 2014 an increase of X% y-o-y. In that year, the average export prices for animal fats and oils reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the average export prices for animal fats and oils failed to regain its momentum.

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

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced mixed trends in the export price figures.

Animal Fats Imports

Imports 2007-2018

In 2018, the amount of animal fats and oils imported worldwide stood at X tonnes, jumping by X% against the previous year. Overall, the total imports indicated a mild increase from 2013 to 2018: its volume increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, animal fats imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. In that year, global animal fats imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, animal fats imports stood at $X in 2018. Overall, the total imports indicated a resilient increase from 2013 to 2018: its value increased at an average annual rate of +X% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, animal fats imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. In that year, global animal fats imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the Netherlands (X tonnes), distantly followed by South Korea (X tonnes), the UK (X tonnes), Germany (X tonnes) and Saudi Arabia (X tonnes) were the major importers of animal fats and oils, together mixing up X% of total imports. Belgium (X tonnes), the Philippines (X tonnes), France (X tonnes), New Zealand (X tonnes), Hungary (X tonnes), Romania (X tonnes) and Guatemala (X tonnes) held a minor share of total imports.

From 2013 to 2018, average annual rates of growth with regard to animal fats imports into the Netherlands stood at +X%. At the same time, Romania (+X%), South Korea (+X%), France (+X%), the Philippines (+X%), Hungary (+X%), Guatemala (+X%), New Zealand (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2013-2018. By contrast, Saudi Arabia (-X%), the UK (-X%) and Belgium (-X%) illustrated a downward trend over the same period. South Korea (+X p.p.), the Netherlands (+X p.p.), France (+X p.p.), the Philippines (+X p.p.), Hungary (+X p.p.) and Romania (+X p.p.) significantly strengthened its position in terms of the global imports, while the UK and Belgium saw its share reduced by -X% and -X% from 2013 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest animal fats importing markets worldwide were New Zealand ($X), the Netherlands ($X) and the UK ($X), together comprising X% of global imports. These countries were followed by Saudi Arabia, Germany, France, Romania, South Korea, Belgium, the Philippines, Hungary and Guatemala, which together accounted for a further X the main importing countries, France recorded the highest growth rate of imports, over the last five-year period, while 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 2018, increasing by X% against the previous year. Over the last five years, 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, the average import prices for animal fats and oils reached their peak figure in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was New Zealand ($X per tonne), while Guatemala ($X per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform