Morocco: Pig Fat Market 2020

Pig Fat Market Size in Morocco

The revenue of the pig fat market in Morocco amounted to $X in 2018, picking up by X% against the previous year. Over the period under review, pig fat consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. In that year, the pig fat market attained its peak level of $X. From 2009 to 2018, the growth of the pig fat market remained at a somewhat lower figure.

Pig Fat Production in Morocco

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Overall, pig fat production, however, continues to indicate a relatively flat trend pattern. Over the period under review, pig fat production reached its peak figure level in 2018 and is expected to retain its growth in the immediate term.

Pig Fat Exports

Exports by Country

Germany (X tons) and the U.S. (X tons) were the major exporters of pig fat in 2018, resulting at approx. X% and X% of total exports, respectively. It was distantly followed by Spain (X tons), Poland (X tons), Canada (X tons), the Netherlands (X tons), Belgium (X tons) and Italy (X tons), together constituting a 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, together comprising X% of total exports. These countries were followed by Spain, the Netherlands, Italy, Poland, Chile, Belgium, France, Denmark, Austria and Morocco, which together accounted for a further X the main exporting countries, Morocco experienced 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 Morocco stood at $X per ton in 2018, remaining constant against the previous year. Over the period under review, the pig fat export price continues to indicate a relatively flat trend pattern. Morocco export price peaked in 2018 and is expected to retain its growth in the immediate term.

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 into Morocco

In 2018, the amount of pig fat imported into Morocco stood at X tons, jumping by X% against the previous year. Overall, pig fat imports continue to indicate skyrocketing growth. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. In that year, pig fat imports attained their peak and are likely to continue its growth in the immediate term.

In value terms, pig fat imports stood at $X in 2018. In general, pig fat imports continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Morocco imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

Russia represented the major importer of pig fat imported in the world, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2018. Mexico (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by the Netherlands (X%), the Philippines (X%) and Ukraine (X%). 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) followed a long way behind the leaders.

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. While the share of Mexico (+X p.p.), the Philippines (+X p.p.), Ukraine (+X p.p.), Russia (+X p.p.), Japan (+X p.p.), South Korea (+X p.p.) and Italy (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of France (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported pig fat into Morocco, comprising X% of global imports. The second position in the ranking was occupied by Japan ($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 rate of growth in terms of value in Russia totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and the Philippines (+X% per year).

Import Prices by Country

The pig fat import price in Morocco stood at $X per ton in 2018, declining by -X% against the previous year. Overall, the pig fat import price continues to indicate an abrupt drop. Over the period under review, the import prices for pig fat attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

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

Frequently Asked Questions (FAQ) :