The global animal fats stock variations by country reveal significant disparities in volumes. As of 2023, the United States holds the highest stock at 110.0 thousand metric tons, followed by Argentina with 68.0 thousand metric tons. Smaller stocks are noted in Sweden with 2.0 thousand metric tons and Macedonia, Egypt, and several others at 1.0 thousand metric tons. Conversely, negative variations are observed in nations such as India (-12.0 thousand metric tons) and Australia (-8.0 thousand metric tons).
Year-on-year changes depict notable shifts: Panama registered a 31.95% increase, while Sweden saw a 14.87% rise. By contrast, the United States experienced a slight decline of 0.71%, signaling regional supply and demand imbalances. The Compound Annual Growth Rate (CAGR) over five years provides further insight, showcasing underlying trends affecting animal fats stocks.
Future trends to watch include the impact of global economic conditions on animal fats production and consumption. Shifts toward plant-based alternatives might affect stocks in traditionally high-producing countries. Additionally, policy changes regarding livestock management and climate change ramifications could lead to more pronounced fluctuations in supply chains. Monitoring these factors will be crucial to understanding future dynamics in the global animal fats market.
Top countries in Animal Fats Stock Variation by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 110 | 2023 | 0% | -0.71% | View data |
| 2 | 2 Argentina | 68 | 2023 | +6.25% | View data | |
| 3 | 3 Spain | 35 | 2023 | +9.38% | View data | |
| 4 | 4 Netherlands | 30 | 2023 | +7.14% | 0% | View data |
| 5 | 5 China | 30 | 2023 | +20% | View data | |
| 6 | 6 Canada | 26 | 2023 | +8.33% | +4.36% | View data |
| 7 | 7 Azerbaijan | 25 | 2023 | +4.17% | View data | |
| 8 | 8 Thailand | 19 | 2023 | +5.56% | +4.84% | View data |
| 9 | 9 Ireland | 16 | 2023 | -5.88% | -2.33% | View data |
| 10 | 10 Denmark | 16 | 2023 | 0% | +2.71% | View data |
