EU: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in the EU

In 2021, the EU rendered pig fat market increased by 57% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Rendered Pig Fat Production in the EU

In value terms, rendered pig fat production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Rendered Pig Fat Exports

Exports in the EU

In 2021, approx. X tons of lard and other pig fat (rendered) were exported in the European Union; picking up by 11% compared with 2020. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 15% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, rendered pig fat exports surged to $X in 2021. Total exports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +60.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons), Belgium (X tons) and Italy (X tons) represented roughly 64% of total exports in 2021. It was distantly followed by Sweden (X tons), Denmark (X tons), Spain (X tons) and the Netherlands (X tons), together creating a 24% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +16.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of exports in 2021, together comprising 51% of total exports.

Italy, with a CAGR of +15.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, growing by 39% against the previous year. Export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rendered pig fat export price increased by +63.9% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Spain ($X per ton) and the Netherlands ($X per ton), while Germany ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.1%), while the other leaders experienced more modest paces of growth.

Rendered Pig Fat Imports

Imports in the EU

In 2021, supplies from abroad of lard and other pig fat (rendered) increased by 12% to X tons, rising for the second consecutive year after four years of decline. In general, imports, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 21%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, rendered pig fat imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons), distantly followed by the Netherlands (X tons), France (X tons), Belgium (X tons), Slovakia (X tons), Poland (X tons) and Germany (X tons) were the key importers of lard and other pig fat (rendered), together achieving 89% of total imports.

Imports into Spain increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, France (+15.4%), Slovakia (+8.1%), Poland (+8.0%) and Belgium (+4.8%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing importer imported in the European Union, with a CAGR of +15.4% from 2012-2021. By contrast, Germany (-1.9%) and the Netherlands (-12.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Spain, France, Slovakia, Belgium and Poland increased by +14, +9, +6.6, +5.3 and +5.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) constitutes the largest market for imported lard and other pig fat (rendered) in the European Union, comprising 29% of total imports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total imports. It was followed by France, with a 14% share.

In Spain, rendered pig fat imports expanded at an average annual rate of +8.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belgium (+7.8% per year) and France (+16.0% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, with an increase of 46% against the previous year. Import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rendered pig fat import price increased by +66.4% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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