Austria: Pig Fat Market 2020

Pig Fat Market Size in Austria

The revenue of the pig fat market in Austria amounted to $X in 2018, surging by X% against the previous year. Overall, pig fat consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. In that year, the pig fat market attained its peak level of $X. From 2014 to 2018, the growth of the pig fat market remained at a somewhat lower figure.

Pig Fat Production in Austria

In value terms, pig fat production totaled $X in 2018 estimated in export prices. Overall, pig fat production continues to indicate a slight decrease. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. In that year, pig fat production attained its peak level of $X. From 2014 to 2018, pig fat production growth remained at a lower figure.

Pig Fat Exports

Exports from Austria

In 2018, approx. X tons of pig fat were exported from Austria; falling by -X% against the previous year. Overall, pig fat exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. In that year, pig fat exports reached their peak of X tons. From 2014 to 2018, the growth of pig fat exports remained at a lower figure.

In value terms, pig fat exports stood at $X in 2018. Over the period under review, pig fat exports continue to indicate a modest increase. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. In that year, pig fat exports reached their peak of $X. From 2009 to 2018, the growth of pig fat exports failed to regain its momentum.

Exports by Country

Russia (X tons) was the main destination for pig fat exports from Austria, with a X% share of total exports. Moreover, pig fat exports to Russia exceeded the volume sent to the second major destination, Italy (X tons), twofold. Germany (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 Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Germany (+X% per year).

In value terms, Russia ($X) remains the key foreign market for pig fat exports from Austria, comprising X% of total pig fat exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Russia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Hungary (+X% per year).

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, picking up by X% against the previous year. Overall, the pig fat export price continues to indicate modest growth. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. In that year, the average export prices for pig fat attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average export prices for pig fat failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while the average price for exports to Italy ($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 Russia, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Austria

In 2018, the imports of pig fat into Austria totaled X tons, rising by X% against the previous year. In general, the total imports indicated a temperate expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pig fat imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, pig fat imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, pig fat imports amounted to $X in 2018. In general, pig fat imports continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. In that year, pig fat imports attained their peak of $X. From 2009 to 2018, the growth of pig fat imports failed to regain its momentum.

Imports by Country

Germany (X tons), Italy (X tons) and Belgium (X tons) were the main suppliers of pig fat imports to Austria, with a combined X% share of total imports. These countries were followed by Poland, Spain, the Netherlands 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 Ireland, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) appeared to be the largest pig fat suppliers to Austria, with a combined X% share of total imports. Poland, the Netherlands, Spain and Ireland lagged somewhat behind, together accounting for a further X recorded the highest growth rate of imports, in terms of the main suppliers over the last eleven-year period, 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, lowering by -X% against the previous year. In general, the pig fat import price, however, continues to indicate a mild expansion. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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