Japan - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Fat Price in Japan - 2023
Contents:
- Pig Fat Price in Japan (CIF) - 2023
- Pig Fat Price in Japan (FOB) - 2022
- Pig Fat Imports in Japan
- Pig Fat Exports in Japan
Pig Fat Price in Japan (CIF) - 2023
In September 2023, the average pig fat import price amounted to $2,259 per ton, remaining relatively unchanged against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in January 2023 an increase of 8.6% m-o-m. The import price peaked at $2,495 per ton in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Mexico ($2,373 per ton) and the Netherlands ($2,318 per ton), while the price for Denmark ($2,104 per ton) and Spain ($2,196 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Chile (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Pig Fat Price in Japan (FOB) - 2022
The average pig fat export price stood at $5,742 per ton in 2022, rising by 219% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. Over the period under review, the average export prices reached the maximum at $6,477 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2014 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +90.4% per year.
Pig Fat Imports in Japan
In 2022, supplies from abroad of pig fat increased by 45% to 38K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep contraction.
In value terms, pig fat imports soared to $75M in 2022. Overall, imports, however, continue to indicate a mild reduction.
| Import of Pig Fat in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 46.9 | 57.5 | 30.2 | 53.1 | 4.2% |
| Mexico | 5.1 | 6.8 | 4.9 | 8.4 | 18.1% |
| Spain | 3.5 | 7.0 | 1.5 | 4.2 | 6.3% |
| Chile | 0.8 | 1.8 | 2.2 | 2.9 | 53.6% |
| Netherlands | 1.2 | 1.1 | 0.3 | 2.4 | 26.0% |
| United States | 3.6 | 5.3 | 1.4 | 1.6 | -23.7% |
| Denmark | 2.2 | 2.0 | 1.7 | 1.5 | -12.0% |
| Germany | 3.7 | 3.2 | 3.3 | N/A | -5.6% |
| Others | 10.4 | 10.6 | 2.9 | 0.7 | -59.3% |
| Total | 77.5 | 95.2 | 48.5 | 74.9 | -1.1% |
Top Suppliers of Pig Fat to Japan in 2022:
- Canada (26.5K tons)
- Mexico (4.2K tons)
- Spain (2.3K tons)
- Chile (2.0K tons)
- Netherlands (1.2K tons)
- United States (0.8K tons)
- Denmark (0.7K tons)
Pig Fat Exports in Japan
After three years of growth, shipments abroad of pig fat decreased by -79.9% to 5 tons in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 542%.
In value terms, pig fat exports shrank sharply to $29K in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 250%. As a result, the exports reached the peak of $44K, and then contracted remarkably in the following year.
| Export of Pig Fat in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 6.2 | 4.9 | 0.9 | 27.8 | 64.9% |
| Italy | N/A | N/A | 18.5 | N/A | 0% |
| Vietnam | N/A | 7.8 | N/A | N/A | 0% |
| Others | N/A | N/A | 25.0 | 0.7 | -97.2% |
| Total | 6.2 | 12.7 | 44.4 | 28.5 | 66.3% |
Top Export Markets for Pig Fat from Japan in 2022:
- Hong Kong SAR (5.0 tons)
This report provides an in-depth analysis of the pig fat market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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
-
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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