South Africa - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Fat Price in South Africa - 2023
Contents:
- Pig Fat Price in South Africa (CIF) - 2023
- Pig Fat Price in South Africa (FOB) - 2022
- Pig Fat Imports in South Africa
- Pig Fat Exports in South Africa
Pig Fat Price in South Africa (CIF) - 2023
In September 2023, the average pig fat import price amounted to $1,386 per ton, reducing by -2.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in November 2022 an increase of 33% m-o-m. The import price peaked at $1,631 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($1,890 per ton), while the price for the UK ($1,072 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Pig Fat Price in South Africa (FOB) - 2022
In 2022, the average pig fat export price amounted to $3,981 per ton, with an increase of 157% against the previous year. Overall, the export price recorded a perceptible increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($4,003 per ton), while the average price for exports to Lesotho amounted to $500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.
Pig Fat Imports in South Africa
In 2022, the amount of pig fat imported into South Africa shrank markedly to 1.5K tons, with a decrease of -47.6% compared with 2021. In general, imports continue to indicate a sharp slump. The smallest decline of -2.1% was in 2021.
In value terms, pig fat imports shrank notably to $1.6M in 2022. Over the period under review, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 3.3% against the previous year. As a result, imports reached the peak of $3.1M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Pig Fat in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 181 | 695 | 1,007 | 666 | 54.4% |
Spain | 913 | 1,022 | 554 | 652 | -10.6% |
Ireland | N/A | 176 | 45.3 | 183 | 2.0% |
United Kingdom | N/A | N/A | 204 | 61.2 | -70.0% |
Netherlands | 25.3 | 214 | 775 | 47.6 | 23.5% |
Germany | 1,821 | 682 | N/A | N/A | -62.5% |
Others | 15.5 | 264 | 176 | 21.1 | 10.8% |
Total | 2,955 | 3,053 | 2,761 | 1,631 | -18.0% |
Top Suppliers of Pig Fat to South Africa in 2022:
- France (580.6 tons)
- Spain (563.9 tons)
- Ireland (206.5 tons)
- United Kingdom (73.1 tons)
- Netherlands (27.2 tons)
Pig Fat Exports in South Africa
Pig fat exports from South Africa contracted rapidly to 308 kg in 2022, reducing by -99.8% compared with the previous year. Overall, exports saw a sharp reduction. The pace of growth was the most pronounced in 2021 when exports increased by 99.9% against the previous year. As a result, the exports reached the peak of 174 tons, and then dropped notably in the following year.
In value terms, pig fat exports reduced rapidly to $1.2K in 2022. Over the period under review, exports saw a dramatic descent. The pace of growth appeared the most rapid in 2021 with an increase of 118%. As a result, the exports reached the peak of $269K, and then fell dramatically in the following year.
Export of Pig Fat in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Democratic Republic of the Congo | 7.7 | N/A | N/A | 1.2 | -46.2% |
Spain | 40.0 | N/A | N/A | N/A | 0% |
Botswana | 13.1 | N/A | 8.2 | N/A | -20.9% |
Namibia | 109 | 123 | 221 | N/A | 42.4% |
Zimbabwe | N/A | N/A | 39.5 | N/A | 0% |
Others | 1.5 | N/A | 0.1 | N/A | -74.2% |
Total | 172 | 123 | 269 | 1.2 | -80.9% |
Top Export Markets for Pig Fat from South Africa in 2022:
- Democratic Republic of the Congo (306.0 kg)
This report provides an in-depth analysis of the pig fat market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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