Ukraine: Pig Fat Market 2020

Pig Fat Market Size in Ukraine

The revenue of the pig fat market in Ukraine amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, pig fat consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. Over the period under review, the pig fat market attained its maximum level at $X in 2014; however, from 2015 to 2018, consumption failed to regain its momentum.

Pig Fat Exports

Exports from Ukraine

In 2018, the exports of pig fat from Ukraine totaled X tons, going down by -X% against the previous year. In general, pig fat exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% y-o-y. In that year, pig fat exports reached their peak of X tons. From 2015 to 2018, the growth of pig fat exports remained at a lower figure.

In value terms, pig fat exports amounted to $X in 2018. In general, pig fat exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. In that year, pig fat exports reached their peak of $X. From 2015 to 2018, the growth of pig fat exports remained at a lower figure.

Exports by Country

Moldova (X tons), Kazakhstan (X tons) and Georgia (X kg) were the main destinations of pig fat exports from Ukraine, together accounting for X% of total exports. These countries were followed by Azerbaijan, Austria and China, Hong Kong SAR, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Austria (+X% per year), while exports for the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the pig fat export price continues to indicate an abrupt drop. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Kazakhstan ($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 Azerbaijan, while the prices for the other major destinations experienced a decline.

Pig Fat Imports

Imports into Ukraine

In 2018, approx. X tons of pig fat were imported into Ukraine; growing by X% against the previous year. Overall, the total imports indicated a prominent increase from 2007 to 2018: its volume 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 imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. In that year, pig fat imports attained their peak of X tons. From 2015 to 2018, the growth of pig fat imports failed to regain its momentum.

In value terms, pig fat imports stood at $X in 2018. Over the period under review, pig fat imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, pig fat imports attained their peak figure at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of pig fat imports to Ukraine, together comprising X% of total imports. These countries were followed by Denmark, Spain and Belgium, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Denmark (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pig fat suppliers to Ukraine were Poland ($X), Germany ($X) and the Netherlands ($X), together comprising X% of total imports. These countries were followed by Denmark, Spain and Belgium, which together accounted for a further X (+X% per year) experienced the highest growth rate of market size, among the main suppliers over the period under review, while imports for 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, declining by -X% against the previous year. Overall, the pig fat import price continues to indicate a drastic deduction. The pace of growth was the most pronounced in 2012 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, the highest prices were recorded for prices from the Netherlands ($X per ton) and Spain ($X per ton), while the price for Belgium ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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