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Report World - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global Pig Fat Market 2024

Pig Fat Market Size

The global pig fat market totaled $X in 2022, surging by 12% against the previous year. In general, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.5% against 2018 indices. Over the period under review, the global market hit record highs in 2022 and is likely to see steady growth in the near future.

Pig Fat Production

In value terms, pig fat production surged to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +69.7% against 2016 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Pig Fat Exports

Exports

In 2022, after three years of growth, there was significant decline in overseas shipments of pig fat, when their volume decreased by -18.4% to X tons. Overall, exports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2016 with an increase of 9.7%. Over the period under review, the global exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, pig fat exports dropped to $X in 2022. In general, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 44%. The global exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Germany (X tons) and Spain (X tons) were the largest exporters of pig fatacross the globe, together generating 40% of total exports. Canada (X tons) ranks next in terms of the total exports with a 9.1% share, followed by Poland (7.8%), the Netherlands (7.5%), Italy (6.7%) and Chile (4.9%). The following exporters - France (X tons), the United States (X tons), Belgium (X tons), Denmark (X tons) and Austria (X tons) - together made up 15% of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +5.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest pig fat supplying countries worldwide were Spain ($X), Germany ($X) and Canada ($X), together comprising 49% of global exports. The Netherlands, Poland, Italy, Chile, France, Belgium, the United States, Denmark and Austria lagged somewhat behind, together comprising a further 41%.

In terms of the main exporting countries, Chile, with a CAGR of +5.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average pig fat export price amounted to $X per ton, growing by 11% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 37%. The global export price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the other global leaders experienced more modest paces of growth.

Pig Fat Imports

Imports

Global pig fat imports declined modestly to X tons in 2022, approximately mirroring the year before. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 36%. Over the period under review, global imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pig fat imports stood at $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 55%. Global imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons), distantly followed by the Philippines (X tons), the Netherlands (X tons) and Japan (X tons) represented the main importers of pig fat, together committing 42% of total imports. Ukraine (X tons), Belgium (X tons), the Czech Republic (X tons), France (X tons), Romania (X tons), Italy (X tons), South Korea (X tons), Germany (X tons) and Poland (X tons) took a relatively small share of total imports.

China was also the fastest-growing in terms of the pig fat imports, with a CAGR of +39.3% from 2012 to 2022. At the same time, South Korea (+14.1%), Poland (+13.7%), Japan (+5.5%), Italy (+4.1%), the Philippines (+3.3%), Romania (+3.0%) and the Czech Republic (+1.4%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. By contrast, France (-1.2%), Germany (-6.1%), the Netherlands (-6.2%) and Ukraine (-9.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, the Philippines, Ukraine, Japan, South Korea and Poland increased by +21, +9.2, +4.4, +2.3, +1.9 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported pig fat worldwide, comprising 24% of global imports. The second position in the ranking was taken by the Philippines ($X), with a 7.9% share of global imports. It was followed by Japan, with a 7.5% share.

In China, pig fat imports increased at an average annual rate of +42.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (+9.2% per year) and Japan (+6.5% per year).

Import Prices by Country

In 2022, the average pig fat import price amounted to $X per ton, increasing by 11% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 22% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+5.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Spain, China and France, together comprising 43% of global consumption.
The country with the largest volume of pig fat production was Spain, 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.
In value terms, the largest pig fat supplying countries worldwide were Spain, Germany and Canada, with a combined 47% share of global exports.
In value terms, China constitutes the largest market for imported pig fat worldwide, comprising 29% of global imports. The second position in the ranking was occupied by the Philippines, with a 7.5% share of global imports. It was followed by the Netherlands, with a 6% share.
In 2021, the average pig fat export price amounted to $1,161 per ton, rising by 3% against the previous year.
The average pig fat import price stood at $1,224 per ton in 2021, rising by 5.3% against the previous year.

This report provides an in-depth analysis of the global pig fat market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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