Animal or vegetable fats and oils and their fractions: oxidised, boiled or otherwise chemically modified, (excluding those of heading no. 1516), inedible mixtures or preparations of fats or oils

In 2024, animal or vegetable fats and oils and their fractions: oxidised, boiled or otherwise chemically modified, (excluding those of heading no. 1516), inedible mixtures or preparations of fats or oils trade exhibited modest growth, with global flows reaching $9,893,993,458 and a three-year compound annual growth rate of +9.2% (five-year: +22.6%). The all-time peak of $11,097,615,656 was recorded in 2022; the current level is 11% below that high-water mark.

Over the 30-year observation window (1995–2024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-5.9% acceleration).

The World Trade Flows Characterization classifies animal or vegetable fats and oils and their fractions: oxidised, boiled or otherwise chemically modified, (excluding those of heading no. 1516), inedible mixtures or preparations of fats or oils as "Two-way vertical 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 0.111). The three largest exporters — China ($2.7B), Malaysia ($1.2B), and Netherlands ($1.2B) — collectively dominate supply flows. The leading exporter has grown at +28.8% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.120). The three largest import markets are United States ($2.4B), Netherlands ($1.8B), and Singapore ($1.2B). The largest importing market sources from 54 different supplying countries.

The dominant trade corridor is China → United States at $1.2B, representing 49.0% of the importer's total demand.

The volatility score for animal or vegetable fats and oils and their fractions: oxidised, boiled or otherwise chemically modified, (excluding those of heading no. 1516), inedible mixtures or preparations of fats or oils 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.