World - Machinery For The Extraction Or Preparation Of Animal Or Fixed Vegetable Fats Or Oils - Market Analysis, Forecast, Size, Trends And Insights
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The global fats preparation machinery market is expected to experience growth in consumption, production, imports, and exports over the next eight years. Consumption trends show a slight increase in 2022, with a forecasted CAGR of +4.4% from 2022 to 2030. Production and exports are also on the rise, with notable increases in countries like India, China, and Malaysia. Import trends show a mild decline in 2022, but overall global imports are expected to grow. The market value is projected to reach $6.4B by the end of 2030, with key players like Malaysia, Indonesia, and the United States leading in consumption and production. The market analysis provides insights into pricing trends, market shares, and growth rates for fats preparation machinery worldwide.
Market Forecast
Driven by increasing demand for machinery for the extraction or preparation of animal or fixed vegetable fats or oils worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market volume to 628K units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $6.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Machinery For The Extraction Or Preparation Of Animal Or Fixed Vegetable Fats Or Oils
In 2022, global fats preparation machinery consumption dropped to 446K units, reducing by -10.5% compared with the previous year's figure. Overall, consumption, however, enjoyed a slight increase. As a result, consumption reached the peak volume of 668K units. From 2015 to 2022, the growth of the global consumption remained at a lower figure.
The global fats preparation machinery market revenue shrank to $4.3B in 2022, reducing by -6.2% 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 consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.8% against 2020 indices. Global consumption peaked at $5B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were India (86K units), Malaysia (65K units) and the United States (58K units), with a combined 47% share of global consumption. Singapore, Russia, China, Thailand, Indonesia, Pakistan and Brazil lagged somewhat behind, together comprising a further 29%.
From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +70.0%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Malaysia ($592M) led the market, alone. The second position in the ranking was taken by Indonesia ($258M). It was followed by Pakistan.
In Malaysia, the fats preparation machinery market increased at an average annual rate of +1.3% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Indonesia (+1.0% per year) and Pakistan (+0.5% per year).
In 2022, the highest levels of fats preparation machinery per capita consumption was registered in Singapore (5,873 units per million persons), followed by Malaysia (1,962 units per million persons), Thailand (245 units per million persons) and Russia (195 units per million persons), while the world average per capita consumption of fats preparation machinery was estimated at 57 units per million persons.
In Singapore, fats preparation machinery per capita consumption remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Malaysia (+1.4% per year) and Thailand (+69.6% per year).
Production
World Production of Machinery For The Extraction Or Preparation Of Animal Or Fixed Vegetable Fats Or Oils
In 2022, the amount of machinery for the extraction or preparation of animal or fixed vegetable fats or oils produced worldwide totaled 527K units, flattening at 2021 figures. In general, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 56% against the previous year. Global production peaked in 2022 and is likely to continue growth in the near future.
In value terms, fats preparation machinery production reduced to $4.6B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31%. Over the period under review, global production reached the maximum level at $5.6B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
Production By Country
The countries with the highest volumes of production in 2022 were India (165K units), Malaysia (111K units) and China (85K units), together accounting for 68% of global production.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by India (with a CAGR of +21.5%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Machinery For The Extraction Or Preparation Of Animal Or Fixed Vegetable Fats Or Oils
Global fats preparation machinery imports expanded slightly to 162K units in 2022, growing by 4.5% on 2021 figures. In general, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2014 when imports increased by 270%. As a result, imports attained the peak of 361K units. From 2015 to 2022, the growth of global imports remained at a somewhat lower figure.
In value terms, fats preparation machinery imports skyrocketed to $967M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 40%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.
Imports By Country
In 2022, the United States (60K units) represented the main importer of machinery for the extraction or preparation of animal or fixed vegetable fats or oils, making up 37% of total imports. Thailand (18K units) held the second position in the ranking, followed by India (16K units) and Indonesia (15K units). All these countries together took approx. 30% share of total imports. The following importers - the Philippines (3.6K units), Malaysia (3.2K units), Canada (3.1K units) and Myanmar (2.7K units) - each amounted to a 7.8% share of total imports.
From 2012 to 2022, average annual rates of growth with regard to fats preparation machinery imports into the United States stood at -8.4%. At the same time, Thailand (+287.7%), Myanmar (+73.2%), the Philippines (+32.4%), India (+25.0%), Canada (+9.1%), Malaysia (+4.0%) and Indonesia (+3.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +287.7% from 2012-2022. While the share of Thailand (+11 p.p.), India (+9.1 p.p.), Indonesia (+3.8 p.p.), the Philippines (+2.1 p.p.) and Myanmar (+1.6 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (-37.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Indonesia ($239M) constitutes the largest market for imported machinery for the extraction or preparation of animal or fixed vegetable fats or oils worldwide, comprising 25% of global imports. The second position in the ranking was held by the United States ($34M), with a 3.6% share of global imports. It was followed by India, with a 2.2% share.
From 2012 to 2022, the average annual growth rate of value in Indonesia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the United States (+4.7% per year) and India (+0.9% per year).
Import Prices By Country
The average fats preparation machinery import price stood at $5,968 per unit in 2022, increasing by 27% against the previous year. Over the period under review, the import price saw a tangible increase. The growth pace was the most rapid in 2015 an increase of 86% against the previous year. Global import price peaked at $8,203 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($16,134 per unit), while the United States ($577 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.3%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Machinery For The Extraction Or Preparation Of Animal Or Fixed Vegetable Fats Or Oils
In 2022, shipments abroad of machinery for the extraction or preparation of animal or fixed vegetable fats or oils increased by 36% to 243K units, rising for the sixth year in a row after two years of decline. Overall, exports saw a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fats preparation machinery exports skyrocketed to $1B in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports By Country
India (95K units), China (67K units) and Malaysia (49K units) represented roughly 87% of total exports in 2022. Italy (8.2K units) and Belgium (3.7K units) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +31.2%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Malaysia ($242M), China ($190M) and Italy ($128M) appeared to be the countries with the highest levels of exports in 2022, together comprising 55% of global exports.
Among the main exporting countries, China, with a CAGR of +16.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average fats preparation machinery export price stood at $4,187 per unit in 2022, picking up by 1.9% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 17% against the previous year. As a result, the export price reached the peak level of $11,362 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($15,679 per unit), while India ($1,117 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-3.9%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global fats preparation machinery market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28931780 - Machinery for the extraction or preparation of animal or fixed vegetable fats or oils
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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