Slovenia: Pig Fat Market 2024

Pig Fat Market Size in Slovenia

In 2022, the Slovene pig fat market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.8% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Pig Fat Production in Slovenia

In value terms, pig fat production soared to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 25% against the previous year. Pig fat production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pig Fat Exports

Exports from Slovenia

In 2022, approx. X tons of pig fat were exported from Slovenia; falling by -14.8% on 2021. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 196% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pig fat exports dropped significantly to $X in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2018 with an increase of 136% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for pig fat exports from Slovenia, with a 47% share of total exports. Moreover, pig fat exports to the Czech Republic exceeded the volume sent to the second major destination, Serbia (X tons), twofold. Slovakia (X tons) ranked third in terms of total exports with a 20% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+95.4% per year) and Slovakia (-6.0% per year).

In value terms, the Czech Republic ($X), France ($X) and Serbia ($X) appeared to be the largest markets for pig fat exported from Slovenia worldwide, together comprising 72% of total exports. Germany, Slovakia, Bosnia and Herzegovina and Croatia lagged somewhat behind, together accounting for a further 28%.

Bosnia and Herzegovina, with a CAGR of +251.7%, saw the highest growth rate of the value of exports, in terms of 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, shrinking by -14.2% against the previous year. In general, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 80% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Slovakia ($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 Bosnia and Herzegovina (+45.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Slovenia

In 2022, the amount of pig fat imported into Slovenia reduced to X tons, falling by -3.7% on the previous year. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 34%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, pig fat imports surged to $X in 2022. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 46%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Austria (X tons) and Italy (X tons) were the main suppliers of pig fat imports to Slovenia, together comprising 81% of total imports. Denmark, Hungary, Belgium and Spain lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +48.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pig fat suppliers to Slovenia were Austria ($X), Germany ($X) and Hungary ($X), with a combined 82% share of total imports.

Among the main suppliers, Hungary, with a CAGR of +46.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for 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 2022, increasing by 28% against the previous year. Overall, the import price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 45% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform