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Report Southern Asia - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Southern Asia - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Pig Fat Market 2024

Pig Fat Market Size in Southern Asia

The South Asian pig fat market soared to $X in 2022, jumping by 17% against the previous year. Over the period under review, consumption showed a tangible expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Pig Fat Production in Southern Asia

In value terms, pig fat production rose modestly to $X in 2022 estimated in export price. In general, production recorded a slight decline. The most prominent rate of growth was recorded in 2013 with an increase of 256,269% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Pig Fat Exports

Exports in Southern Asia

In 2019, pig fat exports in Southern Asia stood at X kg, growing by 2.9% on the year before. The total export volume increased at an average annual rate of +2.9% over the period from 2018 to 2019; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pig fat exports fell modestly to $X in 2019. Overall, exports, however, recorded a perceptible curtailment. Over the period under review, the exports reached the maximum at $X in 2018, and then contracted in the following year.

Exports by Country

Bangladesh (X kg) represented roughly 100% of total exports in 2019.

Bangladesh was also the fastest-growing in terms of the pig fat exports, with a CAGR of +2.9% from 2018 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) also remains the largest pig fat supplier in Southern Asia.

In Bangladesh, pig fat exports contracted by an average annual rate of -3.2% over the period from 2018-2019.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2019, which is down by -5.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The level of export peaked at $X per ton in 2018, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Bangladesh.

From 2018 to 2019, the rate of growth in terms of prices for Bangladesh amounted to -5.9% per year.

Pig Fat Imports

Imports in Southern Asia

In 2022, the amount of pig fat imported in Southern Asia skyrocketed to X tons, picking up by 19% against the previous year. Overall, imports, however, continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2020 with an increase of 198%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, pig fat imports amounted to $X in 2022. In general, imports, however, recorded a dramatic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 142%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the one major importers of pig fat, namely India, represented more than two-thirds of total import.

India experienced a relatively flat trend pattern with regard to volume of imports of pig fat. From 2012 to 2022, the share of India increased by +90 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported pig fat in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to +7.2%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, waning by -4.1% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the import price increased by 119%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +7.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Maldives remains the largest pig fat consuming country in Southern Asia, comprising approx. 71% of total volume. Moreover, pig fat consumption in Maldives exceeded the figures recorded by the second-largest consumer, Bangladesh, threefold. India ranked third in terms of total consumption with a 6.5% share.
Bangladesh constituted the country with the largest volume of pig fat production, accounting for 100% of total volume.
In value terms, Maldives $791) constitutes the largest market for imported pig fat in Southern Asia, comprising 93% of total imports. The second position in the ranking was occupied by India $58), with a 6.8% share of total imports.
In 2021, the import price in Southern Asia amounted to $5,789 per ton, picking up by 509% against the previous year.

This report provides an in-depth analysis of the pig fat market in Southern Asia. 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 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding rendered)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Southern Asia, split by region and country
  • Trade (exports and imports) in Southern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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