Sweden: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in Sweden

In 2021, after four years of decline, there was growth in the Swedish rendered pig fat market, when its value increased by 1.2% to $X. In general, consumption, however, continues to indicate a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Rendered Pig Fat Production in Sweden

In value terms, rendered pig fat production contracted to $X in 2021 estimated in export price. Overall, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 0.2%. Rendered pig fat production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Rendered Pig Fat Exports

Exports from Sweden

In 2021, after four years of growth, there was decline in shipments abroad of lard and other pig fat (rendered), when their volume decreased by -1.5% to X tons. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 22%. The exports peaked at X tons in 2020, and then shrank slightly in the following year.

In value terms, rendered pig fat exports soared to $X in 2021. Over the period under review, exports, however, enjoyed a temperate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for rendered pig fat exports from Sweden, accounting for a 63% share of total exports. Moreover, rendered pig fat exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+21.0% per year) and Poland (-5.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for lard and other pig fat (rendered) exports from Sweden, comprising 59% of total exports. The second position in the ranking was taken by France ($X), with a 23% share of total exports. It was followed by Poland, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+21.9% per year) and Poland (-4.6% per year).

Export Prices by Country

In 2021, the average rendered pig fat export price amounted to $X per ton, surging by 44% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Denmark ($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 the UK (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Rendered Pig Fat Imports

Imports into Sweden

In 2021, rendered pig fat imports into Sweden contracted significantly to X tons, shrinking by -74% compared with the previous year's figure. Over the period under review, imports saw a sharp decrease. The growth pace was the most rapid in 2017 when imports increased by 314% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, rendered pig fat imports reduced dramatically to $X in 2021. In general, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 323% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest rendered pig fat supplier to Sweden, with a 80% share of total imports. Moreover, rendered pig fat imports from Denmark exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. The third position in this ranking was taken by Finland (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+25.3% per year) and Finland (-43.8% per year).

In value terms, Denmark ($X) constituted the largest supplier of lard and other pig fat (rendered) to Sweden, comprising 71% of total imports. The second position in the ranking was taken by Finland ($X), with an 18% share of total imports. It was followed by Poland, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Denmark was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-29.2% per year) and Poland (+33.2% per year).

Import Prices by Country

The average rendered pig fat import price stood at $X per ton in 2021, rising by 163% against the previous year. In general, the import price continues to indicate buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Finland ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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