Global Margarine And Shortening Market 2024

Margarine And Shortening Market Size

The global margarine and shortening market fell slightly to $X in 2022, approximately equating the previous year. In general, consumption showed a mild curtailment. Global consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Margarine And Shortening Production

In value terms, margarine and shortening production fell to $X in 2022 estimated in export price. Overall, production showed a perceptible decline. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, global production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Margarine And Shortening Exports

Exports

In 2022, the amount of margarine and shortening exported worldwide rose sharply to X tons, increasing by X% against the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, margarine and shortening exports skyrocketed to $X in 2022. Overall, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Indonesia (X tons) was the main exporter of margarine and shortening, mixing up X% of total exports. Belgium (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%), Malaysia (X%), Germany (X%) and Russia (X%). Poland (X tons), the United States (X tons), Sweden (X tons), Turkey (X tons), Spain (X tons) and Canada (X tons) took a relatively small share of total exports.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Spain (X%), Russia (X%), Poland (X%), Malaysia (X%), Turkey (X%), Canada (X%), Sweden (X%) and Germany (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The Netherlands, the United States and Belgium experienced a relatively flat trend pattern. While the share of Indonesia (X p.p.) and Russia (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Netherlands (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest margarine and shortening supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Belgium ($X), with a X% share of global exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average margarine and shortening export price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other global leaders experienced more modest paces of growth.

Margarine And Shortening Imports

Imports

Global margarine and shortening imports rose modestly to X tons in 2022, picking up by X% on 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Global imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, margarine and shortening imports soared to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

China was the main importer of margarine and shortening in the world, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. The following importers - France (X tons), the Netherlands (X tons), Germany (X tons), the UK (X tons), Uzbekistan (X tons), the United States (X tons), Poland (X tons), Chile (X tons), Iraq (X tons) and Canada (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to margarine and shortening imports into China stood at X%. At the same time, Uzbekistan (X%), the Netherlands (X%), the UK (X%) and the United States (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Poland, Canada and Iraq experienced a relatively flat trend pattern. By contrast, Germany (X%), France (X%) and Chile (X%) illustrated a downward trend over the same period. China (X p.p.), Uzbekistan (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the global imports, while Germany, France and Chile saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported margarine and shortening worldwide, comprising X% of global imports. The second position in the ranking was taken by France ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In China, margarine and shortening imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average margarine and shortening import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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