Australia: Pig Fat Market 2020

Pig Fat Market Size in Australia

The revenue of the pig fat market in Australia amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Pig fat consumption peaked at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Pig Fat Production in Australia

In value terms, pig fat production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Pig fat production peaked at $X in 2017, and then declined slightly in the following year.

Pig Fat Exports

Exports from Australia

Pig fat exports from Australia amounted to X tons in 2018, jumping by X% against the previous year. Overall, pig fat exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. In that year, pig fat exports attained their peak of X tons. From 2009 to 2018, the growth of pig fat exports remained at a lower figure.

In value terms, pig fat exports amounted to $X in 2018. In general, pig fat exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, pig fat exports attained their peak of $X. From 2009 to 2018, the growth of pig fat exports failed to regain its momentum.

Exports by Country

The Philippines (X tons) was the main destination for pig fat exports from Australia, with a X% share of total exports. Moreover, pig fat exports to the Philippines exceeded the volume sent to the second major destination, South Africa (X tons), threefold. New Zealand (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to the Philippines stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+X% per year) and New Zealand (+X% per year).

In value terms, the Philippines ($X) remains the key foreign market for pig fat exports from Australia, comprising X% of total pig fat exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to the Philippines totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+X% per year) and New Zealand (+X% per year).

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, coming down by -X% against the previous year. Over the period under review, the pig fat export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was New Caledonia ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Australia

Pig fat imports into Australia totaled X tons in 2018, surging by X% against the previous year. In general, pig fat imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Over the period under review, pig fat imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, pig fat imports amounted to $X in 2018. Over the period under review, pig fat imports continue to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, pig fat imports attained their maximum at $X in 2011; however, from 2012 to 2018, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Canada (X tons) and Denmark (X tons) were the main suppliers of pig fat imports to Australia, together comprising X% of total imports. These countries were followed by France, Belgium and Ireland, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Belgium, while the other leaders experienced more modest paces of growth.

In value terms, the largest pig fat suppliers to Australia were the Netherlands ($X), Canada ($X) and Denmark ($X), together accounting for X% of total imports.

The Netherlands experienced the highest rates of growth with regard to imports, among the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, shrinking by -X% against the previous year. Overall, the pig fat import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for pig fat attained their peak figure at $X per ton in 2009; however, from 2010 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Ireland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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