Report Update Nov 1, 2024

South Africa - Lard and Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in South Africa

In 2021, after two years of decline, there was significant growth in the South African rendered pig fat market, when its value increased by 116% to $X. Overall, consumption, however, saw a abrupt decrease. Rendered pig fat consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Rendered Pig Fat Exports

Exports from South Africa

In 2021, overseas shipments of lard and other pig fat (rendered) increased by 12% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2015 when exports increased by 5,614%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, rendered pig fat exports shrank dramatically to $X in 2021. In general, exports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 3,987% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Namibia (X tons), Botswana (X tons) and Lesotho (X tons) were the main destinations of rendered pig fat exports from South Africa, together comprising 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Botswana (with a CAGR of +63.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X) remains the key foreign market for lard and other pig fat (rendered) exports from South Africa, comprising 73% of total exports. The second position in the ranking was taken by Botswana ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Namibia stood at +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+32.2% per year) and Lesotho (+8.1% per year).

Export Prices by Country

The average rendered pig fat export price stood at $X per ton in 2021, shrinking by -26.7% against the previous year. Overall, the export price recorded a abrupt descent. The growth pace was the most rapid in 2019 when the average export price increased by 54% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Namibia ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+2.7%), while the prices for the other major destinations experienced a decline.

Rendered Pig Fat Imports

Imports into South Africa

In 2021, approx. X tons of lard and other pig fat (rendered) were imported into South Africa; growing by 17% on 2020 figures. In general, imports saw slight growth. The pace of growth was the most pronounced in 2018 when imports increased by 86%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, rendered pig fat imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 145% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Swaziland (X tons), Spain (X tons) and France (X tons) were the main suppliers of rendered pig fat imports to South Africa, together accounting for 91% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +41.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Swaziland ($X), Spain ($X) and France ($X) constituted the largest rendered pig fat suppliers to South Africa, with a combined 93% share of total imports.

France, with a CAGR of +45.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rendered pig fat import price stood at $X per ton in 2021, increasing by 10% against the previous year. Over the period under review, the import price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Spain ($X per ton) and Swaziland ($X per ton), while the price for the United States ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Swaziland (+36.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard and other pig fat (rendered) in the world?

Spain remains the largest rendered pig fat consuming country worldwide, accounting for 34% of total volume. Moreover, rendered pig fat consumption in Spain exceeded the figures recorded by the second-largest consumer, Germany, threefold. The Netherlands ranked third in terms of total consumption with a 10% share.

What are the largest producers of lard and other pig fat (rendered) in the world?

The countries with the highest volumes of rendered pig fat production in 2020 were the United States, Spain and Germany, with a combined 60% share of global production. These countries were followed by the Netherlands, France, Poland, Italy, Belgium, Denmark, Canada and Sweden, which together accounted for a further 35%.

What are the leading suppliers of lard and other pig fat (rendered) to South Africa?

In value terms, Swaziland constituted the largest supplier of rendered pig fat to South Africa.

What are the leading importers of lard and other pig fat (rendered) from South Africa?

In value terms, Namibia emerged as the key foreign market for rendered pig fat exports from South Africa, comprising 98% of total exports. The second position in the ranking was occupied by Lesotho, with a 1.3% share of total exports.

What is the average export price for lard and other pig fat (rendered) in South Africa?

In 2020, the average rendered pig fat export price amounted to $1,769 per ton, surging by 26% against the previous year.

What is the average import price for lard and other pig fat (rendered) in South Africa?

The average rendered pig fat import price stood at $644 per ton in 2020, which is down by -13% against the previous year.

This report provides an in-depth analysis of the rendered pig fat market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10115060 - Lard and other pig fat, rendered

Country coverage:

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023