Edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516

In 2024, edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516 trade exhibited modest growth, with global flows reaching $6,581,518,949 and a three-year compound annual growth rate of +4.7% (five-year: +10.5%). The all-time peak of $7,308,006,748 was recorded in 2022; the current level is 10% below that high-water mark.

Over the 30-year observation window (1995–2024), 72% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (-0.0% acceleration).

The World Trade Flows Characterization classifies edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516 as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.098). The three largest exporters — Indonesia ($1.7B), Netherlands ($622.7M), and Belgium ($548.4M) — collectively dominate supply flows. The leading exporter has grown at +8.1% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.053). The three largest import markets are China ($1.2B), Germany ($418.4M), and France ($370.2M). The largest importing market sources from 37 different supplying countries.

Estimated substitution elasticity: -2.04. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is Indonesia → China at $1.1B, representing 87.3% of the importer's total demand.

The volatility score for edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516 is 6 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, modest but steady demand provides a reasonable entry window. 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.