Singapore - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Fat Price in Singapore - 2022
Contents:
- Pig Fat Price in Singapore (CIF) - 2022
- Pig Fat Price in Singapore (FOB) - 2022
- Pig Fat Imports in Singapore
- Pig Fat Exports in Singapore
Pig Fat Price in Singapore (CIF) - 2022
In September 2022, the average pig fat import price amounted to $2,368 per ton, with an increase of 4.2% against the previous month. In general, import price indicated strong growth from September 2021 to September 2022: its price increased at an average monthly rate of +5.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, pig fat import price increased by +26.1% against April 2022 indices. The pace of growth appeared the most rapid in December 2021 an increase of 33% against the previous month. Over the period under review, average import prices attained the peak figure in September 2022.
Average prices varied noticeably amongst the major supplying countries. In September 2022, the highest price was recorded for prices from Denmark ($2,404 per ton) and Sweden ($2,388 per ton), while the price for Germany ($2,170 per ton) and Spain ($2,331 per ton) were amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Pig Fat Price in Singapore (FOB) - 2022
The average pig fat export price stood at $1,791 per ton in 2022, which is down by -8.9% against the previous year. Over the period under review, the export price showed a slight shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 59% against the previous year. The export price peaked at $2,078 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($2,391 per ton), while the average price for exports to Indonesia ($1,203 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Pig Fat Imports in Singapore
Pig fat imports into Singapore expanded to 3K tons in 2022, growing by 2% on the previous year. Over the period under review, imports saw a tangible increase. The pace of growth appeared the most rapid in 2021 with an increase of 113%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, pig fat imports soared to $4.7M in 2022. Overall, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 91%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Pig Fat in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 755 | 391 | 891 | 1,070 | 12.3% |
| Spain | 1,086 | 516 | 324 | 965 | -3.9% |
| Germany | 480 | 179 | 551 | 813 | 19.2% |
| Denmark | 69.7 | 113 | 163 | 420 | 82.0% |
| Netherlands | 433 | 284 | 536 | 393 | -3.2% |
| Sweden | 658 | 304 | 776 | 281 | -24.7% |
| Ireland | N/A | N/A | 30.1 | 148 | 391.7% |
| France | 197 | 44.4 | N/A | 50.1 | -36.6% |
| Others | 233 | 232 | 673 | 542 | 32.5% |
| Total | 3,911 | 2,064 | 3,945 | 4,682 | 6.2% |
Top Suppliers of Pig Fat to Singapore in 2022:
- Canada (668.7 tons)
- Spain (583.0 tons)
- Germany (526.8 tons)
- Denmark (270.8 tons)
- Netherlands (242.4 tons)
- Sweden (167.9 tons)
- Ireland (125.1 tons)
- France (33.0 tons)
Pig Fat Exports in Singapore
In 2022, approx. 77 tons of pig fat were exported from Singapore; with an increase of 962% on the previous year. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 11,116% against the previous year. As a result, the exports reached the peak of 148 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, pig fat exports soared to $138K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 7,215% against the previous year. As a result, the exports attained the peak of $183K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Pig Fat in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | 25.8 | N/A | 98.5 | 95.4% |
| Indonesia | N/A | 1.5 | 13.0 | 25.4 | 311.5% |
| Brunei Darussalam | 2.2 | N/A | 1.3 | 14.3 | 86.6% |
| Spain | N/A | 82.7 | N/A | N/A | 0% |
| Canada | N/A | 73.4 | N/A | N/A | 0% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 2.5 | 183 | 14.3 | 138 | 280.8% |
Top Export Markets for Pig Fat from Singapore in 2022:
- Malaysia (50.1 tons)
- Indonesia (21.1 tons)
- Brunei Darussalam (6.0 tons)
This report provides an in-depth analysis of the pig fat market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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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