Russian Federation: Pig Fat Market 2020

Pig Fat Market Size in the Russian Federation

The revenue of the pig fat market in Russia amounted to $X in 2018, jumping by X% against the previous year. Overall, the total market indicated a remarkable 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 consumption increased by +X% against 2013 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the pig fat market reached its maximum level in 2018 and is expected to retain its growth in the immediate term.

Pig Fat Production in the Russian Federation

In value terms, pig fat production amounted to $X in 2018 estimated in export prices. Over the period under review, pig fat production, however, continues to indicate moderate growth. The pace of growth appeared the most rapid in 2014 when production volume increased by X% year-to-year. Over the period under review, pig fat production attained its peak figure level at $X in 2015; however, from 2016 to 2018, production remained at a lower figure.

Pig Fat Exports

Exports from the Russian Federation

Pig fat exports from Russia amounted to X tons in 2018, increasing by X% against the previous year. Overall, pig fat exports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, pig fat exports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, pig fat exports amounted to $X in 2018. In general, pig fat exports continue to indicate a skyrocketing increase. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

Spain (X tons), Kazakhstan (X tons) and Austria (X tons) were the main destinations of pig fat exports from Russia, together accounting for 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 Spain (+X% per year), while exports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual growth rate of value to Kazakhstan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+X% per year) and Austria (+X% per year).

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, picking up by X% against the previous year. Overall, the pig fat export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for pig fat reached their peak figure at $X per ton in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Belarus ($X per ton), while the average price for exports to Belgium ($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 Germany, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into the Russian Federation

In 2018, the pig fat imports into Russia totaled X tons, approximately mirroring the previous year. Over the period under review, pig fat imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, pig fat imports attained their maximum at X tons in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

In value terms, pig fat imports stood at $X in 2018. Over the period under review, pig fat imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Over the period under review, pig fat imports reached their maximum in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and Denmark (X tons) were the main suppliers of pig fat imports to Russia, with a combined X% share of total imports. Italy, the Netherlands, Austria and Chile lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Chile, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pig fat suppliers to Russia were Germany ($X), Denmark ($X) and France ($X), together accounting for X% of total imports. These countries were followed by the Netherlands, Chile, Italy and Austria, which together accounted for a further X terms of the main suppliers, Austria experienced the highest rates of growth with regard to market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, going up by X% against the previous year. Over the period under review, the pig fat import price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The import price peaked in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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