India: Pig Fat Market 2020

Pig Fat Market Size in India

The revenue of the pig fat market in India amounted to $X in 2018, surging by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Pig fat consumption peaked at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Pig Fat Production in India

In value terms, pig fat production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated a tangible increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pig fat production increased by +X% against 2016 indices. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Pig fat production peaked at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

Pig Fat Exports

Exports from India

In 2018, the amount of pig fat exported from India amounted to X tons, going down by -X% against the previous year. Overall, pig fat exports continue to indicate a drastic shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, pig fat exports amounted to $X in 2018. In general, pig fat exports continue to indicate an abrupt deduction. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. In that year, pig fat exports reached their peak of $X. From 2016 to 2018, the growth of pig fat exports failed to regain its momentum.

Exports by Country

Nepal (X tons) was the main destination for pig fat exports from India, with a X% share of total exports. Moreover, pig fat exports to Nepal exceeded the volume sent to the second major destination, Bahrain (X kg), more than tenfold.

From 2007 to 2018, the average annual growth rate of volume to Nepal totaled +X%.

In value terms, Bahrain ($X) remains the key foreign market for pig fat exports from India, comprising X% of total pig fat exports. The second position in the ranking was occupied by Nepal ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value to Bahrain stood at +X%.

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the pig fat export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2009 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Bahrain ($X per ton), while the average price for exports to Nepal totaled $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain.

Pig Fat Imports

Imports into India

In 2018, the imports of pig fat into India totaled X tons, dropping by -X% against the previous year. Overall, pig fat imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Imports peaked at X tons in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

In value terms, pig fat imports totaled $X in 2018. In general, pig fat imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. In that year, pig fat imports attained their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, Spain (X tons) constituted the largest supplier of pig fat to India, with a X% share of total imports. Moreover, pig fat imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was occupied by the United Arab Emirates (X kg), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, Italy ($X) constituted the largest supplier of pig fat to India, comprising X% of total pig fat imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, lowering by -X% against the previous year. Overall, the pig fat import price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2017 when the average import price increased by X% y-o-y. In that year, the average import prices for pig fat reached their peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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