EU: Pig Fat Market 2024

Pig Fat Market Size in the EU

The EU pig fat market rose modestly to $X in 2022, increasing by 4% against the previous year. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +41.0% against 2017 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Pig Fat Production in the EU

In value terms, pig fat production skyrocketed to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +98.6% against 2015 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Pig Fat Exports

Exports in the EU

In 2022, shipments abroad of pig fat decreased by -16.3% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a noticeable contraction. The pace of growth was the most pronounced in 2019 with an increase of 9.6%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pig fat exports declined to $X in 2022. Overall, exports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 64%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) and Spain (X tons) represented roughly 50% of total exports in 2022. Poland (X tons) ranks next in terms of the total exports with a 9.7% share, followed by the Netherlands (9.4%), Italy (8.4%) and France (4.8%). Belgium (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Spain (with a CAGR of +4.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Spain ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, together accounting for 57% of total exports.

Spain, with a CAGR of +4.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by 11% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 50%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Belgium ($X per ton) and Spain ($X per ton), while Germany ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+1.6%), while the other leaders experienced more modest paces of growth.

Pig Fat Imports

Imports in the EU

In 2022, approx. X tons of pig fat were imported in the European Union; declining by -15.6% compared with 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, pig fat imports rose significantly to $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.2% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of pig fat imports in 2022 were the Netherlands (X tons), Belgium (X tons), the Czech Republic (X tons), France (X tons), Romania (X tons), Italy (X tons), Germany (X tons), Poland (X tons), Hungary (X tons), Bulgaria (X tons), Slovakia (X tons) and Lithuania (X tons), together reaching 85% of total import.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +13.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pig fat importing markets in the European Union were Belgium ($X), the Netherlands ($X) and Romania ($X), together accounting for 28% of total imports. France, the Czech Republic, Hungary, Germany, Poland, Bulgaria, Italy, Lithuania and Slovakia lagged somewhat behind, together comprising a further 51%.

In terms of the main importing countries, Poland, with a CAGR of +17.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, surging by 28% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 +112.5% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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