Ireland: Pig Fat Market 2020

Pig Fat Market Size in Ireland

The revenue of the pig fat market in Ireland amounted to $X in 2018, approximately equating the previous year. Over the period under review, pig fat consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Pig fat consumption peaked at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Pig Fat Production in Ireland

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Over the period under review, the total output indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. 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 2015 indices. The most prominent rate of growth was recorded in 2008 when production volume increased by X% year-to-year. Over the period under review, pig fat production reached its maximum level at $X in 2011; however, from 2012 to 2018, production remained at a lower figure.

Pig Fat Exports

Exports from Ireland

In 2018, the exports of pig fat from Ireland amounted to X tons, surging by X% against the previous year. Over the period under review, pig fat exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. In that year, pig fat exports attained their peak of X tons. From 2009 to 2018, the growth of pig fat exports remained at a lower figure.

In value terms, pig fat exports totaled $X in 2018. Overall, pig fat exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the Philippines (X tons) and the UK (X tons) were the main destinations of pig fat exports from Ireland, with a combined X% share of total exports. These countries were followed by Germany, Thailand, South Africa, Russia, Denmark, Austria and Italy, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Germany, while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Philippines ($X) and the UK ($X) appeared to be the largest markets for pig fat exported from Ireland worldwide, together comprising X% of total exports. These countries were followed by Germany, Thailand, Denmark, South Africa, Austria, Russia and Italy, which together accounted for a further X terms of the main countries of destination, Germany recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, remaining relatively unchanged against the previous year. Overall, the pig fat export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for pig fat attained their peak figure at $X per ton in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Ireland

In 2018, approx. X tons of pig fat were imported into Ireland; picking up by X% against the previous year. Over the period under review, pig fat imports continue to indicate a modest expansion. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Imports peaked at X tons in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, pig fat imports totaled $X in 2018. Over the period under review, pig fat imports continue to indicate remarkable growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. In that year, pig fat imports reached their peak of $X. From 2012 to 2018, the growth of pig fat imports remained at a somewhat lower figure.

Imports by Country

In 2018, the UK (X tons) constituted the largest supplier of pig fat to Ireland, accounting for a X% share of total imports. Moreover, pig fat imports from the UK exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. The third position in this ranking was occupied by Spain (X tons), with a X% share.

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

In value terms, the UK ($X) constituted the largest supplier of pig fat to Ireland, comprising X% of total pig fat imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Finland, with a X% share.

From 2007 to 2018, the average annual growth rate of value from the UK stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Finland (X% per year).

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, picking up by X% against the previous year. Overall, the pig fat import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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