Report Update Mar 1, 2025

Sri Lanka - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Pig Fat Market 2020

Pig Fat Market Size in Sri Lanka

The revenue of the pig fat market in Sri Lanka amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Pig fat consumption peaked at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Pig Fat Production in Sri Lanka

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Overall, the total output indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pig fat production increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2017 when production volume increased by X% against the previous year. Over the period under review, pig fat production reached its peak figure level in 2018 and is expected to retain its growth in the near future.

Pig Fat Exports

Exports from Sri Lanka

Pig fat exports from Sri Lanka stood at X kg in 2018, standing approx. at the previous year. Overall, pig fat exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Over the period under review, pig fat exports reached their peak figure at X kg in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, pig fat exports totaled $X in 2018. Overall, pig fat exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. In that year, pig fat exports attained their peak of $X. From 2016 to 2018, the growth of pig fat exports failed to regain its momentum.

Exports by Country

Maldives (X kg) was the main destination for pig fat exports from Sri Lanka, accounting for a approx. X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of volume to Maldives stood at +X%.

In value terms, Maldives ($X) also remains the key foreign market for pig fat exports from Sri Lanka.

From 2007 to 2018, the average annual growth rate of value to Maldives amounted to +X%.

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the pig fat export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices for pig fat attained their maximum in 2018 and is expected to retain its growth in the immediate term.

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

From 2007 to 2018, the rate of growth in terms of prices for Maldives amounted to +X% per year.

Pig Fat Imports

Imports into Sri Lanka

In 2018, approx. X kg of pig fat were imported into Sri Lanka; lowering by -X% against the previous year. Overall, pig fat imports, however, continue to indicate an outstanding increase. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Over the period under review, pig fat imports attained their peak figure at X kg in 2017, and then declined slightly in the following year.

In value terms, pig fat imports stood at $X in 2018. In general, pig fat imports, however, continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, Denmark (X kg) was the main pig fat supplier to Sri Lanka, with a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from Denmark stood at +X%.

In value terms, Denmark ($X) constituted the largest supplier of pig fat to Sri Lanka.

From 2007 to 2018, the average annual rate of growth in terms of value from Denmark stood at +X%.

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, jumping by X% against the previous year. Overall, the pig fat import price, however, continues to indicate an abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by X% y-o-y. In that year, the average import prices for pig fat reached their peak level of $X per ton. From 2016 to 2018, the growth in terms of the average import prices for pig fat remained at a somewhat lower figure.

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

From 2007 to 2018, the rate of growth in terms of prices for Denmark amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig fat in the world?

The countries with the highest volumes of in 2021 were Spain, China and France, with a combined 43% share of global consumption.

What are the largest producers of pig fat in the world?

The country with the largest volume of pig fat production was Spain, accounting for 34% of total volume. Moreover, pig fat production in Spain exceeded the figures recorded by the second-largest producer, Germany, threefold. The third position in this ranking was occupied by France, with a 7.6% share.

What are the leading suppliers of pig fat to Sri Lanka?

In value terms, Italy $1) constituted the largest supplier of pig fat to Sri Lanka.

What is the average import price for pig fat in Sri Lanka?

In 2021, the average pig fat import price amounted to $684 per ton, reducing by -31.6% against the previous year.

This report provides an in-depth analysis of the pig fat market in Sri Lanka. 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 2025.

Product coverage:

Prodcom 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding rendered)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024