Animal fats and oils and their fractions: whether or not refined, but not chemically modified, n.e.c. in chapter 15

In 2024, animal fats and oils and their fractions: whether or not refined, but not chemically modified, n.e.c. in chapter 15 trade exhibited significant decline, with global flows reaching $458,016,240 and a three-year compound annual growth rate of -13.6% (five-year: +2.4%). The all-time peak of $736,813,179 was recorded in 2022; the current level is 38% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-15.7% acceleration).

The World Trade Flows Characterization classifies animal fats and oils and their fractions: whether or not refined, but not chemically modified, n.e.c. in chapter 15 as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.096). The three largest exporters — Netherlands ($85.7M), Belgium ($66.2M), and New Zealand ($59.9M) — collectively dominate supply flows. The leading exporter has grown at -21.7% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.109). The three largest import markets are Netherlands ($109.5M), United States ($81.3M), and France ($31.6M). The largest importing market sources from 33 different supplying countries.

The dominant trade corridor is New Zealand → United States at $36.5M, representing 44.9% of the importer's total demand.

The volatility score for animal fats and oils and their fractions: whether or not refined, but not chemically modified, n.e.c. in chapter 15 is 19 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.