Venezuela: Pig Fat Market 2020

Pig Fat Market Size in Venezuela

The revenue of the pig fat market in Venezuela amounted to $X in 2018, picking 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; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Over the period under review, the pig fat market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption stood at a somewhat lower figure.

Pig Fat Production in Venezuela

In value terms, pig fat production totaled $X in 2018 estimated in export prices. In general, pig fat production continues to indicate a relatively flat trend pattern. Venezuela pig fat production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Pig Fat Exports

Exports by Country

Germany (X tons) and the U.S. (X tons) represented roughly X% of total exports of pig fat in 2018. It was distantly followed by Spain (X tons), Poland (X tons), Canada (X tons), the Netherlands (X tons), Belgium (X tons) and Italy (X tons), together constituting a X% share of total exports. Chile (X tons), Denmark (X tons), France (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Poland, while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Germany ($X) and Canada ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports. Spain, the Netherlands, Italy, Poland, Chile, Belgium, France, Denmark and Austria lagged somewhat behind, together comprising a further X experienced the highest rates of growth with regard to market size, in terms of the main exporting countries over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the pig fat export price in Venezuela amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the pig fat export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices for pig fat attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Chile ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Chile, while the other leaders experienced more modest paces of growth.

Pig Fat Imports

Imports into Venezuela

Pig fat imports into Venezuela stood at X tons in 2018, increasing by X% against the previous year. Over the period under review, pig fat imports continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Venezuela imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, pig fat imports amounted to $X in 2018. Over the period under review, pig fat imports continue to indicate extraordinary growth. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, pig fat imports attained their maximum in 2018 and are likely to see steady growth in the near future.

Imports by Country

Russia represented the main importer of pig fat imported in the world, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2018. Mexico (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by the Netherlands (X%), the Philippines (X%) and Ukraine (X%). Japan (X tons), Germany (X tons), France (X tons), the Czech Republic (X tons), Belgium (X tons), Italy (X tons) and South Korea (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern of pig fat imports. At the same time, South Korea (+X%), Italy (+X%), the Philippines (+X%), Japan (+X%), the Czech Republic (+X%), Mexico (+X%), Ukraine (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. The Netherlands experienced a relatively flat trend pattern. By contrast, Germany (-X%) and France (-X%) illustrated a downward trend over the same period. While the share of Mexico (+X p.p.), the Philippines (+X p.p.), Ukraine (+X p.p.), Russia (+X p.p.), Japan (+X p.p.), South Korea (+X p.p.) and Italy (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of France (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported pig fat into Venezuela, comprising X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by the Philippines, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Russia stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and the Philippines (+X% per year).

Import Prices by Country

The pig fat import price in Venezuela stood at $X per ton in 2018, reducing by -X% against the previous year. Over the period under review, the pig fat import price continues to indicate a drastic drop. The pace of growth appeared the most rapid in 2009 when the import price increased by X% y-o-y. Venezuela import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Russia ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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