Report Update Nov 1, 2024

Ukraine - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights

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Ukraine: Pig Fat Market 2024

Pig Fat Market Size in Ukraine

In 2022, the Ukrainian pig fat market increased by 33% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Pig Fat Production in Ukraine

In value terms, pig fat production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 when the production volume increased by 31%. Pig fat production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pig Fat Exports

Exports from Ukraine

In 2022, after three years of growth, there was significant decline in shipments abroad of pig fat, when their volume decreased by -88.1% to X tons. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2015 with an increase of 2,685% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, pig fat exports shrank remarkably to $X in 2022. Over the period under review, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2015 when exports increased by 6,928% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for pig fat exports from Ukraine, accounting for a approx. 96% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +63.7%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for pig fat exports from Ukraine.

From 2014 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +75.3%.

Export Prices by Country

In 2022, the average pig fat export price amounted to $X per ton, increasing by 24% against the previous year. Over the period under review, the export price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of 152% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

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

From 2014 to 2022, the rate of growth in terms of prices for Azerbaijan amounted to +18.5% per year.

Pig Fat Imports

Imports into Ukraine

In 2022, supplies from abroad of pig fat decreased by -8.3% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, pig fat imports soared to $X in 2022. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 33%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of pig fat imports to Ukraine, together accounting for 73% of total imports. Sweden, France, Denmark, Belgium and Hungary lagged somewhat behind, together accounting for a further 26%.

From 2014 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +31.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pig fat suppliers to Ukraine were Poland ($X), the Netherlands ($X) and Spain ($X), with a combined 74% share of total imports. Sweden, France, Denmark, Belgium and Hungary lagged somewhat behind, together comprising a further 25%.

Sweden, with a CAGR of +34.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pig fat import price amounted to $X per ton, picking up by 43% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2014 to 2022: its price increased at an average annual rate of +2.9% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pig fat import price increased by +103.2% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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?

Spain constituted the country with the largest volume of pig fat production, comprising approx. 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 Ukraine?

In value terms, Poland constituted the largest supplier of pig fat to Ukraine, comprising 59% of total imports. The second position in the ranking was occupied by the Netherlands, with a 22% share of total imports. It was followed by Spain, with a 7.4% share.

What are the leading importers of pig fat from Ukraine?

In value terms, the United Arab Emirates remains the key foreign market for pig fat exports from Ukraine.

What is the average export price for pig fat in Ukraine?

In 2021, the average pig fat export price amounted to $549 per ton, which is down by -33.3% against the previous year.

What is the average import price for pig fat in Ukraine?

In 2021, the average pig fat import price amounted to $807 per ton, growing by 8.1% against the previous year.

This report provides an in-depth analysis of the pig fat market in Ukraine. 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 2030.

Product coverage:

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

Country coverage:

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023