Report Update Nov 1, 2024

Angola - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Pig Fat Market 2024

Pig Fat Market Size in Angola

The Angolan pig fat market shrank dramatically to $X in 2022, which is down by -18.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded strong growth. Pig fat consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Pig Fat Exports

Exports from Angola

In 2020, exports of pig fat from Angola stood at X kg, standing approx. at 2019 figures. Overall, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2017 with an increase of 392% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

In value terms, pig fat exports totaled $X in 2020. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 760%. The exports peaked at $X in 2015; however, from 2016 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Bahamas (X kg) was the main destination for pig fat exports from Angola, accounting for a approx. 100% share of total exports.

From 2015 to 2020, the average annual growth rate of volume to Bahamas was relatively modest.

From 2015 to 2020, the average annual rate of growth in terms of value to Bahamas was relatively modest.

Export Prices by Country

The average pig fat export price stood at $X per ton in 2020, standing approx. at the previous year. In general, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2016 when the average export price increased by 382% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Bahamas.

From 2015 to 2020, the rate of growth in terms of prices for Bahamas amounted to 0.0% per year.

Pig Fat Imports

Imports into Angola

In 2022, the amount of pig fat imported into Angola fell to X tons, which is down by -11.7% compared with 2021 figures. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by 213%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, pig fat imports contracted notably to $X in 2022. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 288%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest pig fat supplier to Angola, accounting for a 19% share of total imports. Moreover, pig fat imports from Portugal exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal totaled -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+89,484.6% per year) and the Netherlands (-7.4% per year).

In value terms, the UK ($X) constituted the largest supplier of pig fat to Angola, comprising 30% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by Portugal, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+30.9% per year) and Portugal (-9.0% per year).

Import Prices by Country

In 2022, the average pig fat import price amounted to $X per ton, reducing by -10.5% against the previous year. Over the period under review, the import price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 an increase of 24%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+17.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig fat in the world?

The countries with the highest volumes of in 2021 were Spain, China and France, together accounting for 43% of global consumption.

What are the largest producers of pig fat in the world?

Spain constituted the country with the largest volume of pig fat production, comprising approx. 34% of total volume. Moreover, pig fat production in Spain exceeded the figures recorded by the second-largest producer, Germany, threefold. France ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of pig fat to Angola?

In value terms, Portugal constituted the largest supplier of pig fat to Angola, comprising 57% of total imports. The second position in the ranking was occupied by Spain, with a 27% share of total imports.

What is the average export price for pig fat in Angola?

The average pig fat export price stood at $260 per ton in 2015, approximately mirroring the previous year.

What is the average import price for pig fat in Angola?

In 2021, the average pig fat import price amounted to $1,946 per ton, with a decrease of -16.6% against the previous year.

This report provides an in-depth analysis of the pig fat market in Angola. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding rendered)

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023