Animal Fats Market Overview in Mexico
In value terms, animal fats production amounted to $62M in 2010 estimated in export prices. The total output value increased at an average annual rate of +7.7% over the period from 2007 to 2010; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2008 when production volume increased by 20% against the previous year. Animal fats production peaked in 2010 and is expected to retain its growth in the near future.
The revenue of the animal fats market in Mexico amounted to $96M in 2010, rising by 5.1% 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). Over the period under review, the total market indicated a prominent increase from 2007 to 2010: its value increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2010 figures, animal fats consumption increased by +60.5% against 2007 indices. The growth pace was the most rapid in 2009 with an increase of 26% against the previous year. Over the period under review, the animal fats market reached its peak figure level in 2010 and is expected to retain its growth in the near future.