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Margarine: top exporters and importers (2024)

In 2024, world trade in margarine totaled $8.4 billion (5.1 million tonnes). The top exporters were Indonesia (21%), Belgium (9%) and the Netherlands (8%); the top importers were China (15%), France (6%) and Germany (5%). Compared with 2019, the value rose 53%.

Summary

World trade
$8.4billion
Tonnes
5.1million tonnes
Price per tonne
$1,645
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Indonesia$1.8 billion · 21.4%
  2. Belgium$754 million · 9%
    re-exports
  3. Netherlands$666 million · 7.9%
    re-exports
  4. Malaysia$571 million · 6.8%
  5. Germany$432 million · 5.1%
  6. United States$399 million · 4.7%
  7. Poland$362 million · 4.3%
  8. Sweden$329 million · 3.9%
  9. Spain$302 million · 3.6%
  10. Russia$212 million · 2.5%
  11. Turkey$161 million · 1.9%
  12. Italy$157 million · 1.9%
  13. Canada$136 million · 1.6%
  14. Australia$117 million · 1.4%
  15. Mexico$115 million · 1.4%
  16. Singapore$111 million · 1.3%
    re-exports
  17. Uruguay$108 million · 1.3%
  18. Denmark$105 million · 1.3%
  19. Guatemala$82 million · 0.98%
  20. France$82 million · 0.97%

Top importers

  1. China$1.2 billion · 14.8%
  2. France$472 million · 5.6%
  3. Germany$424 million · 5%
  4. United States$383 million · 4.6%
  5. Netherlands$329 million · 3.9%
    re-exports
  6. United Kingdom$294 million · 3.5%
  7. Poland$248 million · 3%
  8. Canada$155 million · 1.8%
  9. Brazil$150 million · 1.8%
  10. Ireland$145 million · 1.7%
  11. Belgium$144 million · 1.7%
    re-exports
  12. Spain$131 million · 1.6%
  13. Hungary$124 million · 1.5%
  14. South Korea$118 million · 1.4%
  15. Iraq$107 million · 1.3%
  16. Czechia$105 million · 1.3%
  17. Italy$98 million · 1.2%
  18. Mexico$97 million · 1.2%
  19. Kazakhstan$93 million · 1.1%
  20. Chile$90 million · 1.1%

Trend

Who sells it

Indonesia has been the top exporter since 2017

Value in USD billions. The five largest exporters in 2024.

  • Indonesia 1.8
  • Belgium 0.75
  • Netherlands 0.67
  • Malaysia 0.57
  • Germany 0.43

Source: CEPII BACI

Show the numbers
Country19952024
Indonesia0.011.8
Belgium0.290.75
Netherlands0.220.67
Malaysia0.10.57
Germany0.150.43

Price

Implied price

The price per tonne rose 52% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,645

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$1,079
1996$1,075
1997$881
1998$1,001
1999$551
2000$643
2001$785
2002$558
2003$1,007
2004$966
2005$925
2006$985
2007$1,258
2008$1,629
2009$1,439
2010$1,525
2011$1,718
2012$1,641
2013$1,612
2014$1,557
2015$1,340
2016$1,350
2017$1,388
2018$1,329
2019$1,237
2020$1,301
2021$1,571
2022$1,866
2023$1,686
2024$1,645

What it includes

  • 1517 · Margarine

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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