Iran: Pig Fat Market 2020

Pig Fat Market Size in Iran

The revenue of the pig fat market in Iran amounted to $X in 2018, leveling off at 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 in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Iran pig fat consumption peaked at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Pig Fat Production in Iran

In value terms, pig fat production amounted to $X in 2018 estimated in export prices. Over the period under review, pig fat production, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Iran pig fat production peaked in 2018 and is expected to retain its growth in the immediate term.

Pig Fat Exports

Exports from Iran

Pig fat exports from Iran totaled X kg in 2018, waning by -X% against the previous year. Over the period under review, pig fat exports continue to indicate a deep deduction. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. In that year, pig fat exports attained their peak of X tons, and then declined slightly in the following year.

In value terms, pig fat exports stood at $X in 2018. Overall, pig fat exports continue to indicate a drastic deduction. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. In that year, pig fat exports reached their peak of $X, and then declined slightly in the following year.

Exports by Country

Germany (X tons) and the U.S. (X tons) represented roughly X% of total exports of pig fat in 2018. Spain (X tons) took the next position in the ranking, followed by Poland (X tons), Canada (X tons), the Netherlands (X tons), Belgium (X tons) and Italy (X tons). All these countries together occupied near X% share of total exports. Chile (X tons), Denmark (X tons), France (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland, while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Canada ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Spain, the Netherlands, Italy, Poland, Chile, Belgium, France, Denmark, Austria and Iran, which together accounted for a further X the main exporting countries, Chile recorded the highest growth rate of market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The pig fat export price in Iran stood at $X per ton in 2018, increasing by X% against the previous year. Overall, the export price indicated a temperate expansion from 2007 to 2018: its price 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 export price increased by +X% against 2010 indices. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices for pig fat attained their peak figure in 2018 and is likely to continue its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Chile ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Chile, while the other leaders experienced more modest paces of growth.

Pig Fat Imports

Imports by Country

Russia was the key importer of pig fat imported in the world, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2018. It was distantly followed by Mexico (X tons), the Netherlands (X tons), the Philippines (X tons) and Ukraine (X tons), together making up a X% share of total imports. Japan (X tons), Germany (X tons), France (X tons), the Czech Republic (X tons), Belgium (X tons), Italy (X tons) and South Korea (X tons) occupied a relatively small share of total imports.

Russia experienced a relatively flat trend pattern of pig fat imports. At the same time, South Korea (+X%), Italy (+X%), the Philippines (+X%), Japan (+X%), the Czech Republic (+X%), Mexico (+X%), Ukraine (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. The Netherlands experienced a relatively flat trend pattern. By contrast, Germany (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Mexico, the Philippines, Ukraine, Russia, Japan, South Korea and Italy increased by +X%, +X%, +X%, +X%, +X%, +X% and +X% percentage points, while France (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported pig fat into Iran, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by the Philippines, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Russia stood at +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and the Philippines (+X% per year).

Import Prices by Country

The pig fat import price in Iran stood at $X per ton in 2018, shrinking by -X% against the previous year. Overall, the pig fat import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for pig fat reached their peak figure at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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