Canada - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Fat Price in Canada - 2023
Contents:
- Pig Fat Price in Canada (FOB) - 2023
- Pig Fat Price in Canada (CIF) - 2022
- Pig Fat Exports in Canada
- Pig Fat Imports in Canada
Pig Fat Price in Canada (FOB) - 2023
The average pig fat export price stood at $1,652 per ton in September 2023, waning by -5.1% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 9.3% m-o-m. The export price peaked at $1,807 per ton in April 2023; however, from May 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In September 2023, the highest price was recorded for prices to Japan ($2,011 per ton) and the United States ($1,814 per ton), while the average price for exports to Taiwan (Chinese) ($1,343 per ton) and Mexico ($1,346 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Pig Fat Price in Canada (CIF) - 2022
In 2022, the average pig fat import price amounted to $1,345 per ton, falling by -2.8% against the previous year. In general, the import price saw a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 6%. Over the period under review, average import prices hit record highs at $1,746 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,345 per ton), while the price for Spain stood at $1,345 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.1%), while the prices for the other major suppliers experienced a decline.
Pig Fat Exports in Canada
In 2022, the amount of pig fat exported from Canada contracted slightly to 57K tons, remaining stable against the year before. The total export volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 8.3% against the previous year. As a result, the exports reached the peak of 57K tons, and then reduced in the following year.
In value terms, pig fat exports rose notably to $90M in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 14% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
Export of Pig Fat in Canada (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 42.6 | 49.0 | 33.6 | 41.6 | -0.8% |
Mexico | 10.9 | 5.8 | 15.5 | 17.9 | 18.0% |
United States | 7.0 | 8.1 | 16.0 | 14.4 | 27.2% |
Philippines | 4.0 | 4.0 | 7.1 | 6.7 | 18.8% |
South Korea | 2.7 | 3.7 | 3.1 | 3.7 | 11.1% |
Vietnam | 1.5 | 2.8 | 0.4 | 1.8 | 6.3% |
China | 3.4 | 10.2 | 5.5 | 0.1 | -69.1% |
Others | 3.6 | 2.1 | 3.0 | 4.0 | 3.6% |
Total | 75.6 | 85.9 | 84.2 | 90.1 | 6.0% |
Top Export Markets for Pig Fat from Canada in 2022:
- Japan (21.2K tons)
- Mexico (14.8K tons)
- United States (9.0K tons)
- Philippines (5.4K tons)
- South Korea (2.1K tons)
- Vietnam (1.4K tons)
- China (0.1K tons)
Pig Fat Imports in Canada
After three years of growth, supplies from abroad of pig fat decreased by -72.5% to 99 tons in 2022. In general, imports recorded a sharp contraction. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year.
In value terms, pig fat imports shrank sharply to $134K in 2022. Overall, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year.
Import of Pig Fat in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 158 | 71.2 | 259 | 86.5 | -18.2% |
United States | 84.9 | 154 | 89.6 | 47.0 | -17.9% |
Germany | N/A | 5.1 | 58.5 | N/A | 1047.1% |
Poland | 65.8 | 131 | 93.0 | N/A | 18.9% |
Denmark | N/A | 43.1 | N/A | N/A | 0% |
Others | 3.7 | 3.1 | N/A | N/A | -16.2% |
Total | 312 | 408 | 500 | 134 | -24.6% |
Top Suppliers of Pig Fat to Canada in 2022:
- Spain (64.3 tons)
- United States (35.0 tons)
This report provides an in-depth analysis of the pig fat market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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