Denmark: Pig Fat Market 2025

Pig Fat Market Size in Denmark

The Danish pig fat market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pig Fat Production in Denmark

In value terms, pig fat production amounted to $X in 2022 estimated in export price. Overall, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the production volume increased by 80% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Pig Fat Exports

Exports from Denmark

Pig fat exports from Denmark fell dramatically to X tons in 2022, waning by -33.2% compared with the year before. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 11%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, pig fat exports declined sharply to $X in 2022. Overall, exports saw a deep slump. The pace of growth appeared the most rapid in 2019 when exports increased by 60%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), the Philippines (X tons) and Vietnam (X tons) were the main destinations of pig fat exports from Denmark, together comprising 38% of total exports. Ukraine, South Korea, Germany, Japan, the UK, Argentina, Azerbaijan and Malaysia lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +1,212.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pig fat exported from Denmark were China ($X), the Philippines ($X) and Vietnam ($X), together accounting for 37% of total exports. Japan, South Korea, Germany, Ukraine, Argentina, the UK, Azerbaijan and Malaysia lagged somewhat behind, together accounting for a further 46%.

Malaysia, with a CAGR of +1,211.9%, recorded 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 pig fat export price stood at $X per ton in 2022, surging by 2.5% against the previous year. Overall, the export price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2019 an increase of 74% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Denmark

In 2022, pig fat imports into Denmark dropped markedly to X tons, declining by -16.8% on the previous year's figure. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, pig fat imports stood at $X in 2022. Overall, imports showed a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 29%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest pig fat supplier to Denmark, accounting for a 60% share of total imports. Moreover, pig fat imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+30.5% per year) and the Netherlands (-13.2% per year).

In value terms, Germany ($X) constituted the largest supplier of pig fat to Denmark, comprising 55% of total imports. The second position in the ranking was taken by Spain ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+33.5% per year) and the Netherlands (-15.4% per year).

Import Prices by Country

In 2022, the average pig fat import price amounted to $X per ton, rising by 25% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pig fat import price increased by +124.9% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 41%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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 Norway ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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