Puerto Rico: Pig Fat Market 2020

Pig Fat Market Size in Puerto Rico

The revenue of the pig fat market in Puerto Rico amounted to $X in 2018, stabilizing at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, pig fat consumption continues to indicate a relatively flat trend pattern.

Pig Fat Exports

Exports by Country

Germany (X tons) and the U.S. (X tons) represented roughly X% of total exports of pig fat in 2018. 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 making up a X% share of total exports. Chile (X tons), Denmark (X tons), France (X tons) and Austria (X tons) took a little share of total exports.

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 largest pig fat markets from Puerto Rico were the U.S. ($X), Germany ($X) and Canada ($X), with a combined X% share of total exports. These countries were followed by Spain, the Netherlands, Italy, Poland, Chile, Belgium, France, Denmark and Austria, which together accounted for a further X experienced the highest growth rate of market size, among the main exporting countries over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the pig fat export price in Puerto Rico amounted to $X per ton, approximately mirroring the previous year. Overall, the pig fat export price continues to indicate a relatively flat trend pattern.

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 represented the key importer of pig fat imported in the world, with the volume of imports reaching 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 constituting a X% share of total imports. The following importers - 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) - together made up X% 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. 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.) significantly strengthened its position in terms of the global imports, while France saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported pig fat into Puerto Rico, comprising X% of global imports. The second position in the ranking was occupied by Japan ($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 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

In 2018, the pig fat import price in Puerto Rico amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the pig fat import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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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