France: Pig Fat Market 2024

Pig Fat Market Size in France

In 2022, the French pig fat market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pig Fat Production in France

In value terms, pig fat production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible decline. The growth pace was the most rapid in 2019 when the production volume increased by 30%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Pig Fat Exports

Exports from France

In 2022, shipments abroad of pig fat decreased by -22.3% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports saw a pronounced reduction. The growth pace was the most rapid in 2016 with an increase of 52%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, pig fat exports declined remarkably to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2019 when exports increased by 98%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X tons) was the main destination for pig fat exports from France, with a 32% share of total exports. Moreover, pig fat exports to the Philippines exceeded the volume sent to the second major destination, Spain (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines totaled +23.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+5.5% per year) and Belgium (+9.2% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for pig fat exports from France, comprising 34% of total exports. The second position in the ranking was taken by Spain ($X), with a 13% share of total exports. It was followed by Belgium, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines stood at +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+5.4% per year) and Belgium (+7.3% per year).

Export Prices by Country

The average pig fat export price stood at $X per ton in 2022, picking up by 2.1% against the previous year. In general, the export price, however, saw a mild reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 55%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Belarus ($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 South Africa (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into France

In 2022, approx. X tons of pig fat were imported into France; reducing by -11% compared with the previous year's figure. Over the period under review, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 226% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pig fat imports expanded slightly to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 257%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest pig fat supplier to France, with a 53% share of total imports. Moreover, pig fat imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.6% per year) and Belgium (+11.0% per year).

In value terms, Italy ($X) constituted the largest supplier of pig fat to France, comprising 46% of total imports. The second position in the ranking was held by Spain ($X), with a 20% share of total imports. It was followed by Belgium, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+0.1% per year) and Belgium (+9.8% per year).

Import Prices by Country

In 2022, the average pig fat import price amounted to $X per ton, jumping by 16% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 21%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Belgium ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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