Germany: Pig Fat Market 2024

Pig Fat Market Size in Germany

The German pig fat market skyrocketed to $X in 2022, surging by 24% against the previous year. Over the period under review, consumption, however, recorded a significant increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Pig Fat Production in Germany

In value terms, pig fat production soared to $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Pig Fat Exports

Exports from Germany

In 2022, overseas shipments of pig fat decreased by -12.7% to X tons, falling for the sixth year in a row after two years of growth. In general, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 10% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pig fat exports skyrocketed to $X in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 51%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and Poland (X tons) were the main destinations of pig fat exports from Germany, together accounting for 57% of total exports. The Czech Republic, Croatia, Hungary, Austria, Romania, Bulgaria, Denmark, Spain, France and Vietnam lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +84.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pig fat exported from Germany were the Netherlands ($X), Belgium ($X) and the Czech Republic ($X), together accounting for 45% of total exports. Poland, Croatia, Hungary, Austria, Romania, France, Denmark, Spain, Bulgaria and Vietnam lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Vietnam, with a CAGR of +98.2%, saw 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 2022, the average pig fat export price amounted to $X per ton, picking up by 42% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2019 an increase of 52% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 Vietnam (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Germany

In 2022, approx. X tons of pig fat were imported into Germany; dropping by -14.7% on 2021. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 8.7% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, pig fat imports fell to $X in 2022. Overall, imports recorded a perceptible reduction. The growth pace was the most rapid in 2017 when imports increased by 14% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of pig fat imports to Germany, together comprising 73% of total imports. Denmark, Austria, Poland, Switzerland, France and Italy lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +6.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of pig fat to Germany, comprising 37% of total imports. The second position in the ranking was held by Belgium ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.6% per year) and the Netherlands (-13.8% per year).

Import Prices by Country

The average pig fat import price stood at $X per ton in 2022, increasing by 6.5% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +80.8% against 2015 indices. The growth pace was the most rapid in 2019 an increase of 21% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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