HS2 sector intelligence

Animal and vegetable fats
sector trade overview

A clear view of the animal and vegetable fats economy: scale, momentum, market concentration, leading routes, and the products within it.

HS2 151995–2024 coverageStable
Explore the workspace Reported trade intelligence
Refreshed 2026-07-20
The numbers at a glanceLatest reported year · 2024
01

Latest trade

$152.0BGlobal sector value
02

Annual change

+6.6%Latest year on year
03

Exporters

197Active reporting countries
04

Importers

200Active reporting countries
05

HS6 products

48Classifications in sector

The sector read

$152.0B in trade, with +1.3% annualized growth over three years.

Animal and vegetable fats is recorded across 10,039 active corridors, with 197 exporters and 200 importers in the latest available year.

Market signalStable+11.2% five-year CAGR

Annual trend

Momentum across three decades

Reported global trade from 1995 to 2024. Missing years remain unavailable rather than estimated. Read the methodology ↗

Annual sector tradeReported global trade from 1995 to 2024.1995: $23.2B1996: $22.9B1997: $24.1B1998: $25.4B1999: $24.0B2000: $19.9B2001: $19.3B2002: $24.7B2003: $31.4B2004: $37.6B2005: $38.4B2006: $44.7B2007: $59.8B2008: $87.8B2009: $65.0B2010: $78.4B2011: $108.1B2012: $106.6B2013: $98.6B2014: $96.9B2015: $86.1B2016: $87.7B2017: $98.8B2018: $94.5B2019: $89.5B2020: $101.6B2021: $146.4B2022: $175.9B2023: $150.6B2024: $152.0B
Reported global trade by year.

Top trade corridors

Where this sector moves

The leading exporter-to-importer relationships by latest reported sector trade value. See data sources ↗

Latest reported relationshipsTop 10 by trade value
RankExporterImporterTrade valueGrowthHS6DistanceFTA
1CanadaCANUSA, Puerto Rico and US Virgin IslandsUSA$5.1B+11.4%42556 kmYes
2IndonesiaIDNChinaCHN$4.9B-8.1%204,425 kmYes
3IndonesiaIDNIndiaIND$4.0B+5.1%144,999 kmYes
4ArgentinaARGIndiaIND$3.0B-1.3%515,799 kmNo
5MalaysiaMYSIndiaIND$2.7B-10.4%233,834 kmYes
6IndonesiaIDNPakistanPAK$2.6B-2.2%95,513 kmNo
7RussiaRUSIndiaIND$2.0B+90.4%24,341 kmNo
8SpainESPItalyITA$2.0B+17.4%411,366 kmYes
9IndonesiaIDNUSA, Puerto Rico and US Virgin IslandsUSA$1.9B-2.6%1516,181 kmNo
10RussiaRUSChinaCHN$1.8B+24.1%206,831 kmNo

Market structure

Where supply and demand concentrate

Exporter and importer rankings are separated so scale on one side of the market is not mistaken for demand on the other. Check coverage ↗

Top exporters2024 ranking
RankCountryExportsPartnersHS6
1IndonesiaIDN$26.7B18347
2MalaysiaMYS$18.3B18848
3SpainESP$9.5B17048
4ArgentinaARG$7.8B10948
5NetherlandsNLD$6.7B17148
6RussiaRUS$6.2B8748
7UkraineUKR$6.2B14446
8CanadaCAN$5.4B12048
9ItalyITA$4.6B17448
10ChinaCHN$3.9B17948
Top importers2024 ranking
RankCountryImportsPartnersHS6
1USA, Puerto Rico and US Virgin IslandsUSA$16.4B14548
2IndiaIND$15.2B8848
3ChinaCHN$11.9B11048
4NetherlandsNLD$8.5B14648
5ItalyITA$6.2B9748
6SpainESP$5.8B12848
7GermanyDEU$4.9B13348
8BelgiumBEL$3.4B12748
9FranceFRA$3.4B14848
10PakistanPAK$3.2B5343

HS6 product coverage

The classifications inside this sector

Explore the six-digit product classifications that make up HS2 15.

70 classifications shownBrowse the product workspace ↗
01
Animal fat: pig and poultry fat (including lard), other than that of heading no. 0209 or 1503HS6 150100
02
Pig fat: lard, other than that of heading 0209 and 1503HS6 150110
03
Pig fat: not lard, other than that of heading 0209 or 1503HS6 150120
04
Poultry fat: other than that of heading 0209 or 1503HS6 150190
05
Fats of bovine animals, sheep or goats: other than those of heading no. 1503HS6 150200
06
Tallow: other than those of heading 1503HS6 150210
07
Fats of bovine animals, sheep or goats: excluding tallow, and other than those of heading 1503HS6 150290
08
Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil: not emulsified or mixed or otherwise preparedHS6 150300
09
Oils of fish: fish-liver oils and their fractions, whether or not refined, but not chemically modifiedHS6 150410
10
Fats and oils and their fractions: of fish, (excluding liver-oils)HS6 150420
11
Fats and oils and their fractions: of marine mammalsHS6 150430
12
Wool grease and fatty substances derived therefrom (including lanolin)HS6 150500
13
Animal fats and oils: wool grease, crudeHS6 150510
14
Animal fats and oils: wool grease (other than crude) and fatty substances derived therefrom (including lanolin)HS6 150590
15
Animal fats and oils and their fractions: whether or not refined, but not chemically modified, n.e.c. in chapter 15HS6 150600
16
Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modifiedHS6 150710
17
Vegetable oils: soya-bean oil and its fractions, other than crude, whether or not refined, but not chemically modifiedHS6 150790
18
Vegetable oils: ground-nut oil and its fractions, crude, not chemically modifiedHS6 150810
19
Vegetable oils: ground-nut oil and its fractions, other than crude, whether or not refined, but not chemically modifiedHS6 150890
20
Vegetable oils: olive oil and its fractions, virgin, whether or not refined, but not chemically modifiedHS6 150910
21
Vegetable oils: olive oil and its fractions, extra virgin olive oil, whether or not refined, but not chemically modifiedHS6 150920
22
Vegetable oils: olive oil and its fractions, virgin olive oil, whether or not refined, but not chemically modifiedHS6 150930
23
Vegetable oils: olive oil and its fractions, virgin olive oils n.e.c. in heading 1509, whether or not refined, but not chemically modifiedHS6 150940
24
Vegetable oils: olive oil and its fractions, other than virgin, whether or not refined, but not chemically modifiedHS6 150990
25
Vegetable oils: oils and their fractions n.e.s. in chapter 15, obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading no. 1509HS6 151000
26
Vegetable oils: crude olive pomace oil and their fractions, obtained solely from olives, whether or not refined, but not chemically modifiedHS6 151010
27
Vegetable oils: oils and their fractions n.e.c. in heading 1510, obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading no. 1509HS6 151090
28
Vegetable oils: palm oil and its fractions, crude, not chemically modifiedHS6 151110
29
Vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modifiedHS6 151190
30
Vegetable oils: sunflower seed or safflower oil and their fractions, crude, not chemically modifiedHS6 151211
31
Vegetable oils: sunflower seed or safflower oil and their fractions, other than crude, whether or not refined, but not chemically modifiedHS6 151219
32
Vegetable oils: cotton-seed oil and its fractions: crude, whether or not gossypol has been removed, not chemically modifiedHS6 151221
33
Vegetable oils: cotton-seed oil and its fractions, other than crude, whether or not refined, but not chemically modifiedHS6 151229
34
Vegetable oils: coconut (copra) oil and its fractions, crude, not chemically modifiedHS6 151311
35
Vegetable oils: coconut (copra) oil and its fractions, other than crude, whether or not refined, but not chemically modifiedHS6 151319
36
Vegetable oils: palm kernel or babassu oil and their fractions, crude, not chemically modifiedHS6 151321
37
Vegetable oils: palm kernel or babassu oil and their fractions, other than crude, whether or not refined, but not chemically modifiedHS6 151329
38
Vegetable oils: rape, colza or mustard oil and their fractions, crude, not chemically modifiedHS6 151410
39
Vegetable oils: low erucic acid rape or colza oil and its fractions, crudeHS6 151411
40
Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modifiedHS6 151419
41
Vegetable oils: rape, colza or mustard oil and their fractions, other than crude, whether or not refined, but not chemically modifiedHS6 151490
42
Vegetable oils: excluding low erucic acid rape or colza oil and its fractions, crudeHS6 151491
43
Vegetable oils: excluding low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modifiedHS6 151499
44
Vegetable oils: linseed oil and its fractions, crude, not chemically modifiedHS6 151511
45
Vegetable oils: linseed oil and its fractions, other than crude, whether or not refined, but not chemically modifiedHS6 151519
46
Vegetable oils: maize (corn) oil and its fractions, crude, not chemically modifiedHS6 151521
47
Vegetable oils: maize (corn) oil and its fractions, other than crude, whether or not refined, but not chemically modifiedHS6 151529
48
Vegetable oils: castor oil and its fractions, whether or not refined, but not chemically modifiedHS6 151530
49
Vegetable oils: tung oil and its fractions, whether or not refined, but not chemically modifiedHS6 151540
50
Vegetable oils: sesame oil and its fractions, whether or not refined, but not chemically modifiedHS6 151550
51
Vegetable oils: jojoba oil and its fractions, whether or not refined, but not chemically modifiedHS6 151560
52
Vegetable fats and oils and their fractions: fixed, n.e.s. in heading no. 1515, whether or not refined, but not chemically modifiedHS6 151590
53
Animal fats and oils and their fractions: partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further preparedHS6 151610
54
Vegetable fats and oils and their fractions: partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further preparedHS6 151620
55
Microbial fats and oils and their fractions: partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further preparedHS6 151630
56
Margarine: excluding liquid margarineHS6 151710
57
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. 1516HS6 151790
58
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 oilsHS6 151800
59
Stearic acidHS6 151911
60
Oleic acidHS6 151912
61
Tall oil fatty acidsHS6 151913
62
Industrial monocarboxylic fatty acids n.e.s. in heading no. 1519HS6 151919
63
Acid oils from refiningHS6 151920
64
Industrial fatty alcoholsHS6 151930
65
Glycerol, crude: glycerol waters and glycerol lyesHS6 152000
66
Glycerol (glycerine): crude: glycerol waters and glycerol lyesHS6 152010
67
Glycerol: n.e.s. in heading no. 1520, including syntheticHS6 152090
68
Vegetable waxes (other than triglycerides): whether or not refined or colouredHS6 152110
69
Waxes, other than vegetable, n.e.c. in heading no. 1521: whether or not refined or colouredHS6 152190
70
Degras: residues resulting from the treatment of fatty substances or animal or vegetable waxesHS6 152200

Definitions and coverage

Read the numbers with context

Clear definitions keep reported observations and calculated indicators in their proper context. Read our Responsible AI principles ↗

01

Reported values

Trade values describe reported merchandise trade for the HS2 classification. They are not company-level sales, retail quotes, or shipment records.

02

Calculated indicators

Growth, concentration, volatility, and peak comparisons are calculated from reported observations and should be read with their coverage period.

03

Missing data

A missing observation remains unavailable. It is not filled, interpolated, or presented as a forecast.

Coverage: 1995–2024 · Data refreshed 2026-07-20 09:34:08

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.