France: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in France

In 2021, the French rendered pig fat market increased by 83% to $X, rising for the second year in a row after five years of decline. Overall, consumption saw a significant expansion. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Rendered Pig Fat Production in France

In value terms, rendered pig fat production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.0% against 2019 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Rendered Pig Fat Exports

Exports from France

Rendered pig fat exports from France rose notably to X tons in 2021, increasing by 6.5% compared with the previous year. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by 22% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, rendered pig fat exports surged to $X in 2021. In general, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for rendered pig fat exports from France, with a 59% share of total exports. Moreover, rendered pig fat exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Belgium (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+7.1% per year) and Belgium (+0.1% per year).

In value terms, the largest markets for rendered pig fat exported from France were Spain ($X), the Netherlands ($X) and Belgium ($X), together comprising 92% of total exports. These countries were followed by Switzerland and Italy, which together accounted for a further 4.9%.

In terms of the main countries of destination, Switzerland, with a CAGR of +43.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average rendered pig fat export price amounted to $X per ton, surging by 47% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. 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 +83.1% 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 noticeably for the major foreign markets. In 2021, the countries with the highest prices were Switzerland ($X per ton) and Italy ($X per ton), while the average price for exports to Spain ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Rendered Pig Fat Imports

Imports into France

Rendered pig fat imports into France skyrocketed to X tons in 2021, jumping by 50% compared with the year before. In general, imports recorded a resilient increase. The growth pace was the most rapid in 2014 when imports increased by 66% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, rendered pig fat imports surged to $X in 2021. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and Sweden (X tons) were the main suppliers of rendered pig fat imports to France, together accounting for 75% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +50.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rendered pig fat suppliers to France were Germany ($X), Belgium ($X) and Sweden ($X), with a combined 75% share of total imports.

Germany, with a CAGR of +34.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rendered pig fat import price stood at $X per ton in 2021, picking up by 41% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Italy ($X per ton) and Sweden ($X per ton), while the price for the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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