United Arab Emirates: Pig Fat Market 2020

Pig Fat Market Size in the United Arab Emirates

The revenue of the pig fat market in the United Arab Emirates amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the pig fat market attained its peak figure level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Pig Fat Production in the United Arab Emirates

In value terms, pig fat production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when production volume increased by X% year-to-year. Over the period under review, pig fat production reached its maximum level in 2018 and is likely to continue its growth in the near future.

Pig Fat Exports

Exports from the United Arab Emirates

In 2018, the amount of pig fat exported from the United Arab Emirates stood at X kg, jumping by X% against the previous year. In general, pig fat exports continue to indicate measured growth. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, pig fat exports reached their maximum at X tons in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, pig fat exports totaled $X in 2018. In general, pig fat exports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. In that year, pig fat exports reached their peak of $X. From 2009 to 2018, the growth of pig fat exports failed to regain its momentum.

Exports by Country

Iran (X kg) was the main destination for pig fat exports from the United Arab Emirates, with a X% share of total exports. Moreover, pig fat exports to Iran exceeded the volume sent to the second major destination, Somalia (X kg), twofold. India (X kg) 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 Iran stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Somalia (+X% per year) and India (+X% per year).

In value terms, Iran ($X), India ($X) and Somalia ($X) constituted the largest markets for pig fat exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

Somalia experienced the highest growth rate of exports, among the main countries of destination over the last eleven years, while the other leaders experienced mixed trend patterns.

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, jumping by X% against the previous year. In general, the pig fat export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2009; however, from 2010 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Qatar ($X per ton), while the average price for exports to Iran ($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 Iran, while the prices for the other major destinations experienced a decline.

Pig Fat Imports

Imports into the United Arab Emirates

In 2018, approx. X tons of pig fat were imported into the United Arab Emirates; shrinking by -X% against the previous year. Over the period under review, pig fat imports continue to indicate a precipitous deduction. The pace of growth appeared the most rapid in 2015 when imports increased by X% year-to-year. In that year, pig fat imports attained their peak of X tons. From 2016 to 2018, the growth of pig fat imports remained at a lower figure.

In value terms, pig fat imports totaled $X in 2018. In general, pig fat imports continue to indicate a deep drop. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, pig fat imports reached their peak figure at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Canada (X tons), Brazil (X tons) and Belgium (X kg) were the main suppliers of pig fat imports to the United Arab Emirates, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Belgium, while the other leaders experienced a decline.

In value terms, Canada ($X) constituted the largest supplier of pig fat to the United Arab Emirates, comprising X% of total pig fat imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Canada totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and Belgium (-X% per year).

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, surging by X% against the previous year. Overall, the pig fat import price continues to indicate modest growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2018 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Canada ($X per ton), while the price for Brazil ($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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