Romania: Pig Fat Market 2020

Pig Fat Market Size in Romania

The revenue of the pig fat market in Romania 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 perceptible drop. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. 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 lower figure.

Pig Fat Production in Romania

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Over the period under review, pig fat production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2012 when production volume increased by X% year-to-year. Pig fat production peaked at $X in 2016; however, from 2017 to 2018, production remained at a lower figure.

Pig Fat Exports

Exports from Romania

In 2018, approx. X tons of pig fat were exported from Romania; going down by -X% against the previous year. Over the period under review, pig fat exports, however, continue to indicate an extraordinary increase. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Exports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, pig fat exports amounted to $X in 2018. In general, pig fat exports, however, continue to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. Over the period under review, pig fat exports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Exports by Country

Bulgaria (X tons), Belgium (X tons) and Hungary (X tons) were the main destinations of pig fat exports from Romania, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Belgium (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Belgium ($X) and Spain ($X) were the largest markets for pig fat exported from Romania worldwide, with a combined X% share of total exports. These countries were followed by Hungary, Italy, the Czech Republic and Poland, which together accounted for a further X terms of the main countries of destination, Italy (+X% per year) experienced 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

In 2018, the average pig fat export price amounted to $X per ton, jumping by X% against the previous year. In general, the pig fat export price, however, continues to indicate a slight drop. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. Over the period under review, the average export prices for pig fat reached their peak figure at $X per ton in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

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

Pig Fat Imports

Imports into Romania

In 2018, approx. X tons of pig fat were imported into Romania; picking up by X% against the previous year. Overall, pig fat imports, however, continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Imports peaked at X tons in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

In value terms, pig fat imports amounted to $X in 2018. In general, pig fat imports, however, continue to indicate a measured curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, pig fat imports reached their peak of $X. From 2009 to 2018, the growth of pig fat imports remained at a lower figure.

Imports by Country

Germany (X tons), Hungary (X tons) and Italy (X tons) were the main suppliers of pig fat imports to Romania, together accounting for X% of total imports. These countries were followed by Austria, Poland, Spain and the Netherlands, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Germany ($X) and Italy ($X) appeared to be the largest pig fat suppliers to Romania, with a combined X% share of total imports. Spain, Austria, Poland and the Netherlands lagged somewhat behind, together accounting for a further X the main suppliers, the Netherlands recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, growing by X% against the previous year. In general, the import price indicated measured growth from 2007 to 2018: its price 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 import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. In that year, the average import prices for pig fat attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for pig fat failed to regain its momentum.

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

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

Source: IndexBox Platform

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