Report Update Nov 1, 2024

Bulgaria - Lard and Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in Bulgaria

In 2021, the Bulgarian rendered pig fat market increased by 741% to $X, rising for the second year in a row after four years of decline. In general, consumption showed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Rendered Pig Fat Production in Bulgaria

In value terms, rendered pig fat production rose modestly to $X in 2021 estimated in export price. Over the period under review, production showed resilient growth. The growth pace was the most rapid in 2020 with an increase of 86%. Rendered pig fat production peaked in 2021 and is likely to see steady growth in years to come.

Rendered Pig Fat Exports

Exports from Bulgaria

In 2021, overseas shipments of lard and other pig fat (rendered) were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports saw a significant increase. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, rendered pig fat exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for rendered pig fat exports from Bulgaria, with a 95% share of total exports. Moreover, rendered pig fat exports to Greece exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece totaled +147.3%.

In value terms, Greece ($X) remains the key foreign market for lard and other pig fat (rendered) exports from Bulgaria, comprising 89% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece amounted to +126.2%.

Export Prices by Country

The average rendered pig fat export price stood at $X per ton in 2021, with an increase of 57% against the previous year. Overall, the export price, however, showed a abrupt curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+22.7%).

Rendered Pig Fat Imports

Imports into Bulgaria

Rendered pig fat imports into Bulgaria fell notably to X tons in 2021, waning by -15% compared with the previous year. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 when imports increased by 1,922% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, rendered pig fat imports dropped sharply to $X in 2021. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when imports increased by 2,736%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Croatia (X tons) was the main rendered pig fat supplier to Bulgaria, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Croatia amounted to +146.0%.

In value terms, Croatia ($X) constituted the largest supplier of lard and other pig fat (rendered) to Bulgaria.

From 2012 to 2021, the average annual growth rate of value from Croatia stood at +146.8%.

Import Prices by Country

The average rendered pig fat import price stood at $X per ton in 2021, dropping by -5.9% against the previous year. In general, the import price, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2020 an increase of 116%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

As there is only one major supplying country, the average price level is determined by prices for Croatia.

From 2012 to 2021, the rate of growth in terms of prices for Romania amounted to +18.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard and other pig fat (rendered) in the world?

Spain remains the largest rendered pig fat consuming country worldwide, comprising approx. 34% of total volume. Moreover, rendered pig fat consumption in Spain exceeded the figures recorded by the second-largest consumer, Germany, threefold. The third position in this ranking was occupied by the Netherlands, with a 10% share.

What are the largest producers of lard and other pig fat (rendered) in the world?

The countries with the highest volumes of rendered pig fat production in 2020 were the United States, Spain and Germany, with a combined 60% share of global production. The Netherlands, France, Poland, Italy, Belgium, Denmark, Canada and Sweden lagged somewhat behind, together accounting for a further 35%.

What are the leading suppliers of lard and other pig fat (rendered) to Bulgaria?

In value terms, Croatia constituted the largest supplier of rendered pig fat to Bulgaria, comprising 72% of total imports. The second position in the ranking was occupied by Serbia, with a 22% share of total imports.

What are the leading importers of lard and other pig fat (rendered) from Bulgaria?

In value terms, Greece remains the key foreign market for rendered pig fat exports from Bulgaria.

What is the average export price for lard and other pig fat (rendered) in Bulgaria?

In 2020, the average rendered pig fat export price amounted to $520 per ton, declining by -12.4% against the previous year.

What is the average import price for lard and other pig fat (rendered) in Bulgaria?

In 2020, the average rendered pig fat import price amounted to $1,458 per ton, surging by 118% against the previous year.

This report provides an in-depth analysis of the rendered pig fat market in Bulgaria. 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 10115060 - Lard and other pig fat, rendered

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
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