Argentina: Pig Fat Market 2025

Pig Fat Market Size in Argentina

The Argentinian pig fat market expanded sharply to $X in 2022, growing by 9.6% against the previous year. In general, consumption, however, saw a abrupt decline. Pig fat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pig Fat Production in Argentina

In value terms, pig fat production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pig Fat Exports

Exports from Argentina

In 2022, approx. X tons of pig fat were exported from Argentina; reducing by -23.3% on 2021. In general, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 88% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, pig fat exports declined significantly to $X in 2022. Overall, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 146%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for pig fat exports from Argentina, accounting for a 55% share of total exports. Moreover, pig fat exports to Russia exceeded the volume sent to the second major destination, Azerbaijan (X tons), twofold. The third position in this ranking was held by Belarus (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled -15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+72.1% per year) and Belarus (-5.7% per year).

In value terms, Russia ($X), Azerbaijan ($X) and Belarus ($X) appeared to be the largest markets for pig fat exported from Argentina worldwide, together comprising 88% of total exports.

In terms of the main countries of destination, Azerbaijan, with a CAGR of +80.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pig fat export price amounted to $X per ton, reducing by -8.3% against the previous year. In general, the export price showed a pronounced contraction. The growth pace was the most rapid in 2017 when the average export price increased by 70% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.

Pig Fat Imports

Imports into Argentina

In 2022, supplies from abroad of pig fat increased by 2.3% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 393%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pig fat imports rose remarkably to $X in 2022. Over the period under review, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2016 when imports increased by 430% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Denmark (X tons) constituted the largest pig fat supplier to Argentina, accounting for a 82% share of total imports. Moreover, pig fat imports from Denmark exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Denmark amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-22.2% per year) and Chile (-33.5% per year).

In value terms, Denmark ($X) constituted the largest supplier of pig fat to Argentina, comprising 85% of total imports. The second position in the ranking was held by Brazil ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Denmark totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-23.2% per year) and Chile (-35.8% per year).

Import Prices by Country

In 2022, the average pig fat import price amounted to $X per ton, with an increase of 6.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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