Indonesia’s Margarine Exports Surged 30% in 2014

Vegetable And Animal Oils And Fats October 05, 2015
Author: Alexander Romanenko
Chief Executive Officer

Indonesia dominates in the global margarine and shortening trade. In 2014, Indonesia exported 807 thousand tonnes of margarine and shortening totaling 778 million USD, 30% over the previous year. Its primary trading partner was China, where it supplied 33% of its total margarine and shortening exports in value terms, accounting for 73% of China's total imports.

Overall, the global margarine and shortening trade reached 6,180 million USD, with a CAGR of 7% from 2007 to 2014. In physical terms, it increased from 3,250 thousand tonnes in 2007 to 4,116 thousand tonnes in 2014.

In 2014, France (8%), China (7%), Germany (7%), the Netherlands (5%) and the United Kingdom (4%) were the leading destinations of margarine and shortening imports, together making up 31% of global imports. The share of the Netherlands increased (+2 percentage points), while the share of Chile illustrated negative dynamics (-5 percentage points).

Belgium and the Netherlands were among the other main global suppliers of margarine and shortening in 2014 with a combined share of 24% of global exports. However, the fastest growing exporters from 2007 to 2014 were Indonesia (+16% per year) and the Russian Federation (+12% per year). Indonesia strengthened its position in the global export structure, from 7% in 2007 to 13% in 2014.

Source: World: Margarine And Shortening - Market Report. Analysis And Forecast To 2020