Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil market in Latin America and the Caribbean, 2026

Earlier Report Observations

The market for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Latin America and the Caribbean opened the period with a volume of 1 635 t in 2018. That year, high cattle slaughter volumes in Brazil boosted domestic tallow production for biodiesel and industrial uses, while Argentina and Brazil implemented new hygiene and sanitation regulations for tallow processing establishments.

Market volume then contracted to 1 290 t by 2020, before rebounding to a peak of 1 676 t in 2022.

In 2023, consumption fell to 1 449 t even as regional production continued to grow. During that year, Baerlocher inaugurated a modern fatty acid production unit in Brazil, and ADM expanded its regenerative agriculture program in the region. By 2024, strong export demand for Brazilian tallow from the U.S. biodiesel industry, driven by federal tax incentives and blend mandates, alongside drought conditions affecting supply, became key market influences.

Production lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Latin America and the Caribbean

In kind, 2017-2020, t

Top producers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, 2017-2020

World map of production of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil, 2017-2020

Latin America and the Caribbean have seen production of lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil rise for the third year in a row. In 2020, the region produced 504.4 tons of these products, marking a 4.8% increase from 2019. From 2017 to 2020, production grew by 15.3%, with an average annual growth rate of 4.9%.

Annual dynamics of production in Latin America and the Caribbean in kind, 2017-2020, t

In value, 2017-2020, K $ US

The value of lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil production in Latin America and the Caribbean has increased for the third consecutive year. In 2020, output was valued at 854.7 thousand US dollars, showing a moderate rise of 9.9% compared to the previous year. Over the 2017-2020 period, production value surged by 40.8%, with a compound annual growth rate of 12.1%.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, K $ US

Exports lard stearin, lard oil, oleostearin, oleo-oil and tallow oil from Latin America and the Caribbean

Exports in kind, t

Market performance showed significant fluctuations during this period. In 2018, exports hit a low of 1 ton, then soared to a peak of 233 tons in 2019, representing a 194-fold increase. In 2020, exports from Latin America and the Caribbean dropped to 140 tons, a 40.0% decrease year-over-year. The largest decline occurred in 2018, at 98.9%, while the largest increase was in 2019, at 19,291.9%.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, t

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Exports in value, K $ US

The market displayed an unstable trend throughout the timeframe. Export values reached a minimum of 2 thousand US dollars in 2018, then peaked at 376 thousand US dollars in 2019, a 199-fold shift. In 2020, exports totaled 237 thousand US dollars, falling 37.0% from the previous year. The largest decline was in 2018 at 98.7%, and the largest increase was in 2019 at 19,769.5%.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, K $ US

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Imports lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to Latin America and the Caribbean

Imports in kind, t

Imports of lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil into Latin America and the Caribbean declined for the second consecutive year. In 2020, imports amounted to 925 tons, a 20.2% decrease from the prior year. Over the 2017-2020 period, imports fell by 6.8%, with an average annual decline of 2.3%. The highest import volume was recorded in 2018 at 1,164 tons, with the largest increase that year at 17.3%.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, t

From 2017 to 2020, the United States was the primary source for imports of lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil into Latin America and the Caribbean, accounting for 72.4% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Imports in value, K $ US

The value of imported lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil into Latin America and the Caribbean fell for the second year in a row. In 2020, import value reached 1,804 thousand US dollars, contracting by 16.4% compared to 2019. Between 2017 and 2020, imports decreased by 3.9%, equivalent to an annualized rate of 1.3%. The peak value was in 2018 at 2,194 thousand US dollars, with the largest increase that year at 16.8%.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, K $ US

During 2017-2020, two markets—the United States and Spain—dominated the value of imports of lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil into Latin America and the Caribbean, together making up 85.3% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Latin America and the Caribbean in value, 2017-2020