"MERCOSUR" region includes following countries:
Earlier Report Observations
In 2018, the market volume for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in MERCOSUR reached 710.5 thousand tons, but fell sharply to 494.2 thousand tons in 2019. This decline coincided with an adverse international context that slowed economic growth in Brazil and triggered a recession in Argentina, alongside global financial tensions that limited access to debt markets for the bloc's members. The entry into force of the EU-MERCOSUR agreement in 2019, which reduced tariffs on agri-industrial products, did not immediately offset these macroeconomic headwinds.
After a modest recovery to 511.8 thousand tons in 2020, the market expanded significantly to 642.4 thousand tons in 2021 and peaked at 843.2 thousand tons in 2022. This growth was driven by a strong post-pandemic rebound in intra-bloc trade, which increased by 35% in 2021, boosting demand for oils and fats. In 2022, the surge was further amplified by rising commodity prices due to the war in Ukraine and an increase in export volumes, which stimulated regional production and trade.
In 2023, the market volume contracted to 705.5 thousand tons. This decrease occurred despite the formalization of Bolivia's accession protocol to MERCOSUR in late 2023, which is set to expand the regional market over time. The decline may reflect persistent structural challenges, such as low international economic growth and geopolitical tensions, which continued to affect the bloc's integration and market dynamics.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in MERCOSUR
- 5.1.1. Annual dynamics of production in MERCOSUR in kind, 2018-2023, t
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in MERCOSUR
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, t
- 6.1.2.1. Annual dynamics of product's exports from Brazil in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's exports in kind from Brazil by countries, 2018-2024, t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, K $ US
- 6.1.3.1. Annual dynamics of product's exports from Brazil in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's exports in value from Brazil by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's exports from Brazil, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's exports from Brazil by countries, 2018-2024, $ US/t
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, t
- 6.2.2.1. Annual dynamics of product's exports from Brazil in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's exports in kind from Brazil by countries, 2018-2024, t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, K $ US
- 6.2.3.1. Annual dynamics of product's exports from Brazil in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's exports in value from Brazil by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's exports from Brazil, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's exports from Brazil by countries, 2018-2024, $ US/t
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, t
- 7.1.2.1. Annual dynamics of product's imports to Brazil in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's imports in kind to Brazil by countries, 2018-2024, t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, K $ US
- 7.1.3.1. Annual dynamics of product's imports to Brazil in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's imports in value to Brazil by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's imports to Brazil, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's imports to Brazil by countries, 2018-2024, $ US/t
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, t
- 7.2.2.1. Annual dynamics of product's imports to Brazil in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's imports in kind to Brazil by countries, 2018-2024, t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, K $ US
- 7.2.3.1. Annual dynamics of product's imports to Brazil in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's imports in value to Brazil by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's imports to Brazil, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's imports to Brazil by countries, 2018-2024, $ US/t
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in MERCOSUR
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
Production of lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil in MERCOSUR has increased for the third consecutive year. In 2020, MERCOSUR produced 504.4 t of these products, marking a 4.8% rise compared to 2019. Over the 2017-2020 period, production grew by 15.3%, with a compound annual growth rate of 4.9%.
Annual dynamics of production in MERCOSUR in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 7.8% | 2.0% | 4.8% | 4.9% |
In value, 2017-2020, K $ US
Production of lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil in MERCOSUR has increased for the third consecutive year. In 2020, the output of these products was valued at 854.7 K $ US in MERCOSUR, showing a moderate increase of 10.0% compared to 2019. From 2017 to 2020, production rose by 40.9%, with a compound annual growth rate of 12.1%.
Annual dynamics of production in MERCOSUR in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 8.6% | 17.9% | 10.0% | 12.1% |
Exports lard stearin, lard oil, oleostearin, oleo-oil and tallow oil from MERCOSUR
Exports in kind, t
The market exhibited volatility during the observed period. The minimum export volume was recorded in 2018 at 0.0 t, while the maximum was in 2019 at 232.8 t, representing a 32 519 161.5% increase from the previous year. In 2020, exports of lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil from MERCOSUR amounted to 139.4 t, showing a dramatic decline of 40.1% year-over-year. The largest decline occurred in 2018, with a 100.0% drop.
Annual dynamics of product's exports from MERCOSUR in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (100.0%) | 32 519 161.5% | (40.1%) | 8.6% |
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from MERCOSUR in kind, 2017-2020
Exports in value, K $ US
The market showed signs of volatility over the observed period. The lowest export value was recorded in 2018 at 0.0 K $ US, while the highest was in 2019 at 375.7 K $ US, reflecting a 37 567 297.0% increase from the previous year. In 2020, shipments of lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil from MERCOSUR reached 236.3 K $ US, representing a 37.1% decrease from 2019. The largest decline was in 2018, with a 100.0% drop.
Annual dynamics of product's exports from MERCOSUR in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (100.0%) | 37 567 297.0% | (37.1%) | 16.1% |
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from MERCOSUR in value, 2017-2020
Imports lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to MERCOSUR
Imports in kind, t
There were noticeable fluctuations in market performance during the period. The minimum import volume was recorded in 2017, while the maximum was in 2019 at 245.6 t, with a 2.2-fold difference between these years. In 2020, imports of lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil into MERCOSUR stood at 146.9 t, marking a dramatic decline of 40.2% over the past year. The largest increase occurred in 2018, with a 112.8% rise.
Annual dynamics of product's imports to MERCOSUR in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 112.8% | 2.8% | (40.2%) | 9.4% |
Structure of product's imports in kind by countries, 2017-2020
Imports in value, K $ US
The data reveals irregular changes, indicating a volatile market environment. The lowest import value was recorded in 2017, while the highest was in 2019 at 396.4 K $ US, with a 2.5-fold gap between these years. In 2020, foreign supplies of lard stearin, lard oil, oleostearin, oleo-oil, and tallow oil to MERCOSUR reached 248.9 K $ US, reflecting a sharp fall of 37.2% year-over-year. The largest increase was in 2018, with a 114.6% rise.
Annual dynamics of product's imports to MERCOSUR in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 114.6% | 18.8% | (37.2%) | 17.0% |
Structure of product's imports in value by countries, 2017-2020
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