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Pig Fat Market

Pig fat market: discover the latest datasets featured by an Ai-driven market research tool. Info contain trade, companies, imports, exports, production, market size, market prices, and consumption. Here is a split by region, including Africa, the U.S., EU, the U.K., Russia, the Middle East, China, and Latin America. Market dynamics and outlook to 2030 are also provided in the snapshots.

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Pig Fat - World's Largest Markets

Rating	Country
1	Spain
2	China
3	France
4	Japan
5	Italy

In value terms, Spain, China and France constituted the countries with the highest levels of market value in 2020, with a combined 35% share of the global market.

Among the main consuming countries, China (+258.4% per year) recorded the highest rates of growth with regard to market size, over the period under review, while pig fat market for the other global leaders experienced more modest paces of growth.

Pig Fat Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
United States	851	859	703	-9.1%
Poland	593	815	802	16.3%
Germany	654	898	834	12.9%
Austria	580	757	839	20.3%
Belgium	720	945	1121	24.8%
Italy	789	1153	1207	23.7%
France	1132	1220	1215	3.6%
Netherlands	743	1017	1233	28.8%
Spain	864	1274	1412	27.8%
Denmark	882	1407	1426	27.2%
Chile	1150	1126	1444	12.1%
Canada	1141	1401	1628	19.4%
Average	811	1053	1128	17.9%

Prices varied noticeably by the country of origin; the country with the highest price was Canada ($1,628 per ton), while the United States ($703 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Japan	1539	1702	2189	19.3%
China	758	984	1582	44.5%
Vietnam	667	1108	1301	39.7%
France	823	1168	1201	20.8%
Romania	803	1040	1147	19.5%
Philippines	956	1078	1131	8.8%
Germany	752	929	916	10.4%
Czech Republic	590	856	913	24.4%
Mexico	721	828	747	1.8%
Ukraine	611	684	735	9.7%
Belgium	754	715	707	-3.2%
Italy	604	683	552	-4.4%
Netherlands	537	511	512	-2.4%
Average	845	1022	1171	17.8%

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($2,189 per ton), while the Netherlands ($512 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Pig Fat - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
China	8.2	8.4	139	311.7%
Japan	67	77	95	19.1%
Philippines	59	65	38	-19.8%
Vietnam	6.4	8.6	27	103.4%
Ukraine	37	32	26	-15.4%

In value terms, China ($139M), Japan ($95M) and the Philippines ($38M) constituted the countries with the highest levels of imports in 2020, with a combined 36% share of global imports.

Among the main importing countries, China (+311.7% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Pig Fat - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Spain	67	141	209	77.2%
Germany	105	159	136	13.4%
Canada	70	76	86	10.7%
Netherlands	26	47	72	66.6%
Italy	36	60	58	27.9%

In value terms, the largest pig fat supplying countries worldwide were Spain ($209M), Germany ($136M) and Canada ($86M), together comprising 50% of global exports.

Spain (+77.2% per year) saw 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 shipments for the other global leaders experienced more modest paces of growth.

Pig Fat - Market Forecast

Driven by increasing demand for pig fat worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.