Report Update Nov 1, 2024

China - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights

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China: Pig Fat Market 2024

Pig Fat Market Size in China

The Chinese pig fat market declined slightly to $X in 2022, reducing by -3.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted significant growth. Over the period under review, the market hit record highs at $X in 2021, and then dropped modestly in the following year.

Pig Fat Exports

Exports from China

In 2018, shipments abroad of pig fat increased by 64% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 5,543%. As a result, the exports attained the peak of X tons. From 2015 to 2018, the growth of the exports remained at a lower figure.

In value terms, pig fat exports soared to $X in 2018. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 4,002%. As a result, the exports attained the peak of $X. From 2015 to 2018, the growth of the exports remained at a lower figure.

Exports by Country

Mongolia (X tons) was the main destination for pig fat exports from China, accounting for a 93% share of total exports. Moreover, pig fat exports to Mongolia exceeded the volume sent to the second major destination, Macao SAR (X tons), more than tenfold.

From 2012 to 2018, the average annual rate of growth in terms of volume to Mongolia totaled +13.7%.

In value terms, Mongolia ($X) remains the key foreign market for pig fat exports from China, comprising 89% of total exports. The second position in the ranking was taken by Macao SAR ($X), with an 11% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of value to Mongolia amounted to +4.3%.

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, which is down by -18.3% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 31%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2018, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2018, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Mongolia stood at $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+59.8%), while the prices for the other major destinations experienced mixed trend patterns.

Pig Fat Imports

Imports into China

In 2022, approx. X tons of pig fat were imported into China; growing by 14% against the previous year. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 966% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, pig fat imports dropped modestly to $X in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 1,754% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Chile (X tons), Spain (X tons) and Denmark (X tons) were the main suppliers of pig fat imports to China, together comprising 81% of total imports. Mexico, France, Canada and the Netherlands lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +214.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Spain ($X) and Denmark ($X) constituted the largest pig fat suppliers to China, with a combined 83% share of total imports. Mexico, France, the Netherlands and Canada lagged somewhat behind, together accounting for a further 16%.

Mexico, with a CAGR of +189.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pig fat import price amounted to $X per ton, falling by -15.3% against the previous year. Overall, the import price, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2019 an increase of 74% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted significantly in the following year.

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 France ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig fat in the world?

The countries with the highest volumes of in 2021 were Spain, China and France, with a combined 43% share of global consumption.

What are the largest producers of pig fat in the world?

The country with the largest volume of pig fat production was Spain, accounting for 34% of total volume. Moreover, pig fat production in Spain exceeded the figures recorded by the second-largest producer, Germany, threefold. France ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of pig fat to China?

In value terms, Spain constituted the largest supplier of pig fat to China, comprising 44% of total imports. The second position in the ranking was occupied by Denmark, with a 21% share of total imports. It was followed by Germany, with a 17% share.

What are the leading importers of pig fat from China?

In value terms, Italy, the Netherlands and Macao SAR appeared to be the largest markets for pig fat exported from China worldwide, together accounting for 98% of total exports.

What is the average export price for pig fat in China?

In 2021, the average pig fat export price amounted to $2,081 per ton, increasing by 9.8% against the previous year.

What is the average import price for pig fat in China?

The average pig fat import price stood at $1,856 per ton in 2021, jumping by 17% against the previous year.

This report provides an in-depth analysis of the pig fat market in China. 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 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding rendered)

Country coverage:

China

Data coverage:

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