Animal Fats Market Overview in the European Union
In value terms, animal fats production expanded sharply to $ in estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2012 with an increase of % year-to-year. Over the period under review, production reached the peak level at $ in 2013; however, from 2014 to , production failed to regain the momentum.
The country with the largest volume of animal fats production was Italy ( tonnes), comprising approx. % of total volume. Moreover, animal fats production in Italy exceeded the figures recorded by the second-largest producer, Germany ( tonnes), threefold. France ( tonnes) ranked third in terms of total production with a % share.
From 2007 to , the average annual growth rate of volume in Italy amounted to +%. The remaining producing countries recorded the following average annual rates of production growth: Germany (-% per year) and France (-% per year).
The size of the animal fats market in the European Union expanded significantly to $ in , growing by % 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 +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 with an increase of % against the previous year. Over the period under review, the market reached the maximum level in and is likely to continue growth in the near future.
In Italy, animal fats consumption expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Germany (-% per year) and France (+% per year).
In value terms, France ($), Italy ($) and Hungary ($) constituted the countries with the highest levels of market value in , with a combined % share of the total market. Slovakia, Poland, Spain, the Netherlands, Romania, Germany and Belgium lagged somewhat behind, together accounting for a further %.
Slovakia saw the highest growth rate of market size, in terms of the main consuming countries over the period under review, while animal fats market for the other leaders experienced more modest paces of growth.
The countries with the highest levels of animal fats per capita consumption in were Italy ( kg per person), Slovakia ( kg per person) and Hungary ( kg per person).
From 2007 to , the biggest increases were in Slovakia, while animal fats per capita consumption for the other leaders experienced more modest paces of growth.