Spain: Pig Fat Market 2020

Pig Fat Market Size in Spain

The revenue of the pig fat market in Spain amounted to $X in 2018, dropping by -X% against the previous year. In general, the total market indicated a perceptible 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. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, the pig fat market attained its maximum level at $X in 2017, and then declined slightly in the following year.

Pig Fat Production in Spain

In value terms, pig fat production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when production volume increased by X% against the previous year. Over the period under review, pig fat production reached its peak figure level at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

Pig Fat Exports

Exports from Spain

In 2018, the amount of pig fat exported from Spain totaled X tons, surging by X% against the previous year. Over the period under review, pig fat exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. In that year, pig fat exports reached their peak of X tons. From 2009 to 2018, the growth of pig fat exports failed to regain its momentum.

In value terms, pig fat exports stood at $X in 2018. Overall, pig fat exports, however, continue to indicate a moderate shrinkage. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. In that year, pig fat exports reached their peak of $X. From 2009 to 2018, the growth of pig fat exports failed to regain its momentum.

Exports by Country

The Philippines (X tons) was the main destination for pig fat exports from Spain, accounting for a X% share of total exports. Moreover, pig fat exports to the Philippines exceeded the volume sent to the second major destination, China (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to the Philippines totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Germany (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value to the Philippines totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-X% per year) and Portugal (+X% per year).

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, falling by -X% against the previous year. In general, the pig fat export price continues to indicate a temperate descent. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. In that year, the average export prices for pig fat reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average export prices for pig fat remained 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 Portugal ($X per ton), while the average price for exports to Italy ($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 Portugal, while the prices for the other major destinations experienced mixed trend patterns.

Pig Fat Imports

Imports into Spain

Pig fat imports into Spain totaled X tons in 2018, going down by -X% against the previous year. In general, pig fat imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. In that year, pig fat imports reached their peak of X tons. From 2017 to 2018, the growth of pig fat imports remained at a somewhat lower figure.

In value terms, pig fat imports amounted to $X in 2018. Overall, pig fat imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

Portugal (X tons), France (X tons) and Romania (X tons) were the main suppliers of pig fat imports to Spain, with a combined X% share of total imports. The Netherlands, Belgium, Poland and Russia 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 Russia, while the other leaders experienced more modest paces of growth.

In value terms, the largest pig fat suppliers to Spain were France ($X), Portugal ($X) and Romania ($X), together comprising X% of total imports. Belgium, the Netherlands, Poland and Russia lagged somewhat behind, together accounting for a further X Netherlands experienced the highest growth rate of imports, among the main suppliers over the last eleven years, while 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, increasing by X% against the previous year. In general, the pig fat import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for pig fat attained their peak figure at $X per ton in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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