Netherlands: Pig Fat Market 2024

Pig Fat Market Size in the Netherlands

The Dutch pig fat market fell dramatically to $X in 2022, which is down by -62.2% against the previous year. Over the period under review, consumption saw a abrupt descent. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Pig Fat Production in the Netherlands

In value terms, pig fat production surged to $X in 2022 estimated in export price. In general, production, however, recorded a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Pig Fat Exports

Exports from the Netherlands

In 2022, after three years of growth, there was significant decline in overseas shipments of pig fat, when their volume decreased by -25.5% to X tons. In general, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of 49% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, pig fat exports fell rapidly to $X in 2022. Overall, exports showed a pronounced setback. The growth pace was the most rapid in 2019 with an increase of 87% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of pig fat exports from the Netherlands, together accounting for 41% of total exports. Ukraine, the UK, Denmark, Serbia, China, Poland, Australia, Thailand, Croatia and Ireland lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +45.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pig fat exported from the Netherlands were the Philippines ($X), Belgium ($X) and Ukraine ($X), together accounting for 40% of total exports. China, the UK, Denmark, Germany, Serbia, Thailand, Poland, Australia, Croatia and Ireland lagged somewhat behind, together accounting for a further 44%.

China, with a CAGR of +54.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for 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 2022, surging by 12% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Germany ($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 China (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into the Netherlands

In 2022, the amount of pig fat imported into the Netherlands reduced remarkably to X tons, shrinking by -43.9% compared with 2021. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 66%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pig fat imports contracted notably to $X in 2022. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 106%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest pig fat supplier to the Netherlands, accounting for a 74% share of total imports. Moreover, pig fat imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. The third position in this ranking was held by France (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-9.0% per year) and France (+26.2% per year).

In value terms, Germany ($X) constituted the largest supplier of pig fat to the Netherlands, comprising 72% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports. It was followed by France, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.8% per year) and France (+31.6% per year).

Import Prices by Country

In 2022, the average pig fat import price amounted to $X per ton, jumping by 17% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 25%. The import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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