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Report Eastern Asia - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Eastern Asia - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Pig Fat Market 2024

Pig Fat Exports

Exports in Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of pig fat, when their volume decreased by -37.9% to X tons. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by 1,958%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, pig fat exports contracted significantly to $X in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 1,636%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Hong Kong SAR dominates exports structure, reaching X tons, which was near 93% of total exports in 2022. It was distantly followed by Japan (X tons), making up a 5.9% share of total exports.

Exports from Hong Kong SAR decreased at an average annual rate of -18.3% from 2012 to 2022. At the same time, Japan (+12.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +12.3% from 2012-2022. While the share of Hong Kong SAR (+6.1 p.p.) and Japan (+5.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) remains the largest pig fat supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was taken by Japan ($X), with an 18% share of total exports.

In Hong Kong SAR, pig fat exports contracted by an average annual rate of -7.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with an increase of 12% against the previous year. In general, the export price saw a strong increase. The growth pace was the most rapid in 2013 when the export price increased by 182% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Hong Kong SAR stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+19.4%).

Pig Fat Imports

Imports in Eastern Asia

In 2022, the amount of pig fat imported in Eastern Asia surged to X tons, increasing by 20% against the previous year. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 154% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, pig fat imports expanded notably to $X in 2022. Overall, imports recorded prominent growth. The growth pace was the most rapid in 2019 with an increase of 153% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) was the key importer of pig fat, creating 72% of total imports. Japan (X tons) took the second position in the ranking, distantly followed by South Korea (X tons). All these countries together took approx. 27% share of total imports.

China was also the fastest-growing in terms of the pig fat imports, with a CAGR of +39.3% from 2012 to 2022. At the same time, South Korea (+14.1%) and Japan (+5.5%) displayed positive paces of growth. While the share of China (+56 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-5.8 p.p.) and Japan (-47.5 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported pig fat in Eastern Asia, comprising 68% of total imports. The second position in the ranking was held by Japan ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value in China totaled +42.3%. In the other countries, the average annual rates were as follows: Japan (+6.5% per year) and South Korea (+13.9% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, declining by -9.3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 27%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of pig fat consumption was China, comprising approx. 77% of total volume. Moreover, pig fat consumption in China exceeded the figures recorded by the second-largest consumer, Japan, fivefold. The third position in this ranking was occupied by South Korea, with a 6.1% share.
The country with the largest volume of pig fat production was Hong Kong SAR, accounting for 98% of total volume. It was followed by China, with a 2.5% share of total production.
In value terms, Hong Kong SAR, China and Japan constituted the countries with the highest levels of exports in 2021, together accounting for 98% of total exports.
In value terms, China constitutes the largest market for imported pig fat in Eastern Asia, comprising 78% of total imports. The second position in the ranking was occupied by Japan, with a 15% share of total imports.
The export price in Eastern Asia stood at $1,854 per ton in 2021, rising by 6.3% against the previous year.
In 2021, the import price in Eastern Asia amounted to $1,845 per ton, picking up by 4.1% against the previous year.

This report provides an in-depth analysis of the pig fat market in Eastern Asia. 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:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Eastern Asia, split by region and country
  • Trade (exports and imports) in Eastern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • China
    • Hong Kong SAR
    • Macao SAR
    • Japan
    • South Korea
    • Taiwan (Chinese)
    • Democratic People's Republic of Korea

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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