Austria: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in Austria

In 2021, the Austrian rendered pig fat market increased by 22% to $X, rising for the third consecutive year after two years of decline. In general, consumption faced a abrupt descent. Rendered pig fat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Rendered Pig Fat Production in Austria

In value terms, rendered pig fat production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 20% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Rendered Pig Fat Exports

Exports from Austria

In 2021, exports of lard and other pig fat (rendered) from Austria rose slightly to X tons, surging by 4.6% compared with the previous year's figure. Over the period under review, exports, however, recorded a slight shrinkage. The growth pace was the most rapid in 2018 when exports increased by 48% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, rendered pig fat exports amounted to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 41% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons), the Czech Republic (X tons) and Belgium (X tons) were the main destinations of rendered pig fat exports from Austria, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +15.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rendered pig fat exported from Austria were the Czech Republic ($X), Italy ($X) and Germany ($X), together accounting for 80% of total exports. These countries were followed by Belgium, Hungary, Slovakia and France, which together accounted for a further 20%.

Belgium, with a CAGR of +12.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rendered pig fat export price stood at $X per ton in 2021, surging by 8.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Rendered Pig Fat Imports

Imports into Austria

In 2021, the amount of lard and other pig fat (rendered) imported into Austria contracted to X tons, which is down by -12.6% on the previous year. Overall, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2020 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, rendered pig fat imports skyrocketed to $X in 2021. Over the period under review, imports recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 with an increase of 66% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest rendered pig fat supplier to Austria, accounting for a 79% share of total imports. Moreover, rendered pig fat imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.4% per year) and the Netherlands (+0.1% per year).

In value terms, Italy ($X) constituted the largest supplier of lard and other pig fat (rendered) to Austria, comprising 84% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.3% share of total imports. It was followed by Poland, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.8% per year) and Poland (-1.3% per year).

Import Prices by Country

The average rendered pig fat import price stood at $X per ton in 2021, increasing by 33% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Poland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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