Animal Fats Market Overview in Chile
In value terms, animal fats production stood at $47M in 2010 estimated in export prices. Over the period under review, animal fats production, however, continues to indicate a measured slump. The pace of growth appeared the most rapid in 2010 when production volume increased by 4% y-o-y. Over the period under review, animal fats production reached its maximum level at $51M in 2007; however, from 2008 to 2010, production stood at a somewhat lower figure.
The revenue of the animal fats market in Chile amounted to $19M in 2010, increasing by 4.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +9.7% from 2007 to 2010; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2008 when the market value increased by 15% against the previous year. Over the period under review, the animal fats market reached its maximum level in 2010 and is expected to retain its growth in the immediate term.