Fat And Oil Market Overview in the USA
In value terms, fat and oil production shrank to $ in . In general, production continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of % y-o-y. Fat and oil production peaked at $ in 2013; however, from 2014 to , production failed to regain the momentum.
The value of the fat and oil market in the U.S. contracted to $ in , dropping 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). Over the period under review, consumption showed a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of % against the previous year. Fat and oil consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain the momentum.