Report Update: Dec 1, 2023

China - Lard And Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends And Insights

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Rendered Pig Fat Price in China - 2023

Name: Rendered Pig Fat Price in China - 2023
Creator: IndexBox Inc.
Published: 2023-12-01T00:00:00+00:00
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Rendered Pig Fat Price China, IndexBox, market research, global market, publisher

Rendered Pig Fat Price in China (CIF) - 2022

The average rendered pig fat import price stood at $792 per ton in 2022, waning by -18.8% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rendered pig fat import price decreased by -26.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 46% against the previous year. As a result, import price reached the peak level of $1,069 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($1,610 per ton), while the price for Hong Kong SAR ($524 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Rendered Pig Fat Price in China (FOB) - 2022

In 2022, the average rendered pig fat export price amounted to $475 per ton, surging by 8.8% against the previous year. In general, the export price, however, faced a deep downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 44%. Over the period under review, the average export prices hit record highs at $3,758 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($2,904 per ton), while the average price for exports to the Philippines amounted to $407 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.7%).

Rendered Pig Fat Imports in China

In 2022, approx. 1.7K tons of lard and other pig fat (rendered) were imported into China; increasing by 90% compared with 2021 figures. Overall, imports, however, recorded a abrupt slump.

In value terms, rendered pig fat imports skyrocketed to $1.4M in 2022. Over the period under review, imports, however, continue to indicate a perceptible curtailment.

Import of Rendered Pig Fat in China (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	572	720	354	438	-8.5%
Hong Kong SAR	510	650	109	354	-11.5%
United States	39.6	102	148	190	68.7%
Netherlands	223	220	140	179	-7.1%
Switzerland	7.4	33.1	64.9	109	145.1%
Spain	57.4	41.2	27.8	36.1	-14.3%
Ireland	34.1	37.4	25.7	33.1	-1.0%
Others	39.4	23.2	9.1	11.9	-32.9%
Total	1,483	1,826	878	1,352	-3.0%

Top Suppliers of Rendered Pig Fat to China in 2022:

Hong Kong SAR (675.1 tons)
Canada (485.0 tons)
United States (239.6 tons)
Netherlands (156.9 tons)
Switzerland (68.0 tons)
Ireland (47.9 tons)
Spain (26.9 tons)

Rendered Pig Fat Exports in China

Rendered pig fat exports from China declined remarkably to 571 tons in 2022, reducing by -34.8% against the year before. Overall, exports, however, saw a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 334%. As a result, the exports attained the peak of 877 tons, and then fell remarkably in the following year.

In value terms, rendered pig fat exports contracted rapidly to $271K in 2022. Over the period under review, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 139%.

Export of Rendered Pig Fat in China (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Philippines	126	27.0	217	226	21.5%
Hong Kong SAR	693	129	158	37.7	-62.1%
Others	11.2	4.3	7.5	7.7	-11.7%
Total	830	160	382	271	-31.1%

Top Export Markets for Rendered Pig Fat from China in 2022:

Philippines (554.7 tons)
Hong Kong SAR (13.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the rendered pig fat market in China. 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 10115060 - Lard and other pig fat, rendered

Country coverage:

• China

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in China

• 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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2022
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2022
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2022
2. Market Volume, In Physical Terms, 2012–2022
3. Market Value, 2012–2022
4. Per Capita Consumption In 2012-2022
5. Imports, In Physical Terms, By Country, 2012–2022
6. Imports, In Value Terms, By Country, 2012–2022
7. Import Prices, By Country Of Origin, 2012–2022
8. Exports, In Physical Terms, By Country, 2012–2022
9. Exports, In Value Terms, By Country, 2012–2022
10. Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2022
2. Market Value, 2012–2022
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
5. Trade Balance, In Physical Terms, 2012-2022
6. Trade Balance, In Value Terms, 2012-2022
7. Per Capita Consumption, 2012-2022
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2022
22. Production, In Value Terms, 2012–2022
23. Imports, In Physical Terms, 2012–2022
24. Imports, In Value Terms, 2012–2022
25. Imports, In Physical Terms, By Country, 2022
26. Imports, In Physical Terms, By Country, 2012–2022
27. Imports, In Value Terms, By Country, 2012–2022
28. Import Prices, By Country Of Origin, 2012–2022
29. Exports, In Physical Terms, 2012–2022
30. Exports, In Value Terms, 2012–2022
31. Exports, In Physical Terms, By Country, 2022
32. Exports, In Physical Terms, By Country, 2012–2022
33. Exports, In Value Terms, By Country, 2012–2022
34. Export Prices, By Country Of Destination, 2012–2022