Portugal: Pig Fat Market 2020

Pig Fat Market Size in Portugal

The revenue of the pig fat market in Portugal amounted to $X in 2018, going up by X% against the previous year. In general, the total market indicated mild growth 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 consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Pig fat consumption peaked at $X in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Pig Fat Production in Portugal

In value terms, pig fat production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated a slight expansion 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 2015 indices. The pace of growth was the most pronounced in 2008 when production volume increased by X% y-o-y. Over the period under review, pig fat production reached its peak figure level at $X in 2012; however, from 2013 to 2018, production failed to regain its momentum.

Pig Fat Exports

Exports from Portugal

Pig fat exports from Portugal totaled X tons in 2018, reducing by -X% against the previous year. Over the period under review, pig fat exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked at X tons in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, pig fat exports stood at $X in 2018. Overall, pig fat exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Over the period under review, pig fat exports reached their peak figure at $X in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

Exports by Country

Spain (X tons) was the main destination for pig fat exports from Portugal, accounting for a X% share of total exports. Moreover, pig fat exports to Spain exceeded the volume sent to the second major destination, Poland (X tons), sixfold. The third position in this ranking was occupied by Angola (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Angola (+X% per year).

In value terms, Spain ($X) remains the key foreign market for pig fat exports from Portugal, comprising X% of total pig fat exports. The second position in the ranking was occupied by Poland ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Spain totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Angola (+X% per year).

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, declining by -X% against the previous year. In general, the pig fat export price continues to indicate a mild contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2010; however, from 2011 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Angola ($X per ton), while the average price for exports to Spain ($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 Angola, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Portugal

Pig fat imports into Portugal amounted to X tons in 2018, jumping by X% against the previous year. In general, pig fat imports continue to indicate a prominent increase. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, pig fat imports reached their peak figure at X tons in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, pig fat imports totaled $X in 2018. Overall, pig fat imports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

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

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

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

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

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, coming down by -X% against the previous year. Overall, the pig fat import price continues to indicate an abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2017, and then declined slightly in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :