Fat And Oil Market Overview in the USA
In value terms, fat and oil production stood at $ in 2018. Overall, fat and oil production continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2016 with a decrease of -% year-to-year. Fat and oil production peaked at $ in 2013; however, from 2014 to 2018, production failed to regain its momentum.
The revenue of the fat and oil market in the U.S. amounted to $ in 2018, lowering 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). In general, fat and oil consumption continues to indicate a deep decline. The pace of growth appeared the most rapid in 2016 when the market value decreased by -% against the previous year. Fat and oil consumption peaked at $ in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.