Denmark: Pig Fat Market 2020

Pig Fat Market Size in Denmark

The revenue of the pig fat market in Denmark amounted to $X in 2018, coming down 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 2011 with an increase of X% y-o-y. Pig fat consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Pig Fat Production in Denmark

In value terms, pig fat production totaled $X in 2018 estimated in export prices. In general, pig fat production continues to indicate a deep drop. The pace of growth appeared the most rapid in 2011 when production volume increased by X% y-o-y. Over the period under review, pig fat production reached its peak figure level at $X in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.

Pig Fat Exports

Exports from Denmark

In 2018, the exports of pig fat from Denmark stood at X tons, leveling off at the previous year. Overall, pig fat exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, pig fat exports attained their peak figure at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, pig fat exports totaled $X in 2018. Over the period under review, pig fat exports, however, continue to indicate an abrupt descent. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for pig fat exports from Denmark, accounting for a X% share of total exports. Moreover, pig fat exports to Russia exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. Ukraine (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 stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Ukraine (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Russia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and the Philippines (-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. In general, the pig fat export price continues to indicate a drastic decrease. The growth pace was the most rapid in 2008 an increase of X% against the previous year. Over the period under review, the average export prices for pig fat attained their maximum at $X per ton in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while the average price for exports to the Netherlands ($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 a decline.

Pig Fat Imports

Imports into Denmark

Pig fat imports into Denmark amounted to X tons in 2018, lowering by -X% against the previous year. Overall, pig fat imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Imports peaked at X tons in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, pig fat imports stood at $X in 2018. In general, pig fat imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, pig fat imports reached their maximum at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of pig fat imports to Denmark, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Poland ($X) appeared to be the largest pig fat suppliers to Denmark, together comprising X% of total imports.

Poland experienced the highest growth rate of imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price indicated buoyant growth from 2007 to 2018: its price 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 import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per ton in 2012; however, from 2013 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 France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :