U.S.: Pig Fat Market 2020

Pig Fat Market Size in the U.S.

The revenue of the pig fat market in the U.S. amounted to $X in 2018, rising by X% against the previous year. Over the period under review, pig fat consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. In that year, the pig fat market reached its peak level of $X. From 2009 to 2018, the growth of the pig fat market failed to regain its momentum.

Pig Fat Production in the U.S.

In value terms, pig fat production totaled $X in 2018. Overall, pig fat production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when production volume increased by X% year-to-year. Pig fat production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Pig Fat Exports

Exports from the U.S.

In 2018, the amount of pig fat exported from the U.S. stood at X tons, growing by X% against the previous year. Over the period under review, pig fat exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, pig fat exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, pig fat exports amounted to $X in 2018. Over the period under review, pig fat exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, pig fat exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for pig fat exports from the U.S., with a X% share of total exports. Moreover, pig fat exports to Mexico exceeded the volume sent to the second major destination, South Korea (X tons), fivefold. Russia (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 Mexico amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Russia (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Mexico stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Russia (+X% per year).

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the pig fat export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. In that year, the average export prices for pig fat attained their peak level of $X per ton. From 2011 to 2018, the growth in terms of the average export prices for pig fat remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Aruba ($X per ton), while the average price for exports to Mexico ($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 Aruba, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into the U.S.

In 2018, approx. X tons of pig fat were imported into the U.S.; picking up by X% against the previous year. Over the period under review, pig fat imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, pig fat imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, pig fat imports stood at $X in 2018. In general, pig fat imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, pig fat imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, Canada (X tons) constituted the largest supplier of pig fat to the U.S., accounting for a X% share of total imports. Moreover, pig fat imports from Canada exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Denmark (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of pig fat to the U.S., comprising X% of total pig fat imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of value from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Denmark (+X% per year).

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, flattening at the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for pig fat attained their peak figure at $X per ton in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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