Global Pig Fat Market Overview 2020

Pig Fat Market Size

The global pig fat market revenue amounted to $X in 2018, rising by X% against the previous year. Overall, pig fat consumption continues to indicate a slight slump. The pace of growth appeared the most rapid in 2016 when the market value increased by X% y-o-y. Over the period under review, the global pig fat market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Pig Fat Production

In value terms, pig fat production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with only minor fluctuations over the period under review. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. In that year, global pig fat production reached its peak level and is likely to continue its growth in the immediate term.

Production By Country

The countries with the highest volumes of pig fat production in 2018 were China (X tons), the U.S. (X tons) and India (X tons), with a combined X% share of global production. Japan, Germany, Indonesia, Brazil, Spain, Pakistan, Bangladesh, the UK and Nigeria lagged somewhat behind, together comprising a further X 2013 to 2018, the most notable rate of growth in terms of pig fat production, amongst the main producing countries, was attained by Spain, while pig fat production for the other global leaders experienced more modest paces of growth.

Pig Fat Exports

Exports 2007-2018

In 2018, the amount of pig fat exported worldwide stood at X tons, picking up by X% against the previous year. Overall, pig fat exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, global pig fat exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, pig fat exports amounted to $X in 2018. In general, pig fat exports continue to indicate a deep descent. The growth pace was the most rapid in 2016 when exports increased by X% y-o-y. The global exports peaked at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) and the U.S. (X tons) were the major exporters of pig fat in 2018, amounting to near X% and X% of total exports, respectively. 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 making up a X% share of total exports. The following exporters - Chile (X tons), Denmark (X tons), France (X tons) and Austria (X tons) - together made up X% of total exports.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest pig fat supplying countries worldwide were the U.S. ($X), Germany ($X) and Canada ($X), together comprising X% of global exports.

The U.S. experienced the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while exports for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the pig fat export price, however, continues to indicate a deep drop. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2013; however, from 2014 to 2018, export prices remained at a 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 2013 to 2018, the most notable rate of growth in terms of prices was attained by Chile, while the other global leaders experienced a decline in the export price figures.

Pig Fat Imports

Imports 2007-2018

In 2018, the amount of pig fat imported worldwide totaled X tons, growing by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X% year-to-year. Over the period under review, global pig fat imports reached their maximum in 2018 and are likely to see steady growth in the near future.

In value terms, pig fat imports stood at $X in 2018. The total import value increased at an average annual rate of +X% from 2013 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, global pig fat imports reached their maximum in 2018 and are expected to retain its 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 finishing at X tons, which was approx. X% of total imports in 2018. Mexico (X tons) held 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%). The following importers - 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) - together made up X% of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of pig fat imports. At the same time, South Korea (+X%), Japan (+X%), the Philippines (+X%), Italy (+X%), Ukraine (+X%), the Czech Republic (+X%), Mexico (+X%) and France (+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 2013-2018. Germany experienced a relatively flat trend pattern. By contrast, the Netherlands (-X%) and Belgium (-X%) illustrated a downward trend over the same period. While the share of the Philippines (+X p.p.), Japan (+X p.p.), Ukraine (+X p.p.) and South Korea (+X p.p.) increased significantly in terms of the global imports from 2013-2018, the share of the Netherlands (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2013 to 2018, the average annual rate of growth in terms of value in Russia totaled +X%. In the other countries, the average annual rates were as follows: Japan (+X% per year) and the Philippines (+X% per year).

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, increasing by X% against the previous year. Over the last five years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average import prices for pig fat attained their peak figure in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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