Africa: Pig Fat Market 2020

Pig Fat Market Size in Africa

The revenue of the pig fat market in Africa amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. The level of pig fat consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Pig Fat Production in Africa

In value terms, pig fat production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when production volume increased by X% y-o-y. The level of pig fat production peaked in 2018 and is likely to continue its growth in the immediate term.

Production By Country in Africa

The countries with the highest volumes of pig fat production in 2018 were Nigeria (X tons), Ethiopia (X tons) and Egypt (X tons), together comprising X% of total production. These countries were followed by Democratic Republic of the Congo, Sudan, South Africa, Uganda, Algeria, Kenya, Tanzania, Ghana and Somalia, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of pig fat production, amongst the main producing countries, was attained by Uganda, while the other leaders experienced more modest paces of growth.

Pig Fat Exports

Exports in Africa

In 2018, approx. X tons of pig fat were exported in Africa; shrinking by -X% against the previous year. In general, pig fat exports continue to indicate a deep curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. The volume of exports peaked at X tons in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, pig fat exports stood at $X in 2018. In general, pig fat exports continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. In that year, pig fat exports attained their peak of $X. From 2012 to 2018, the growth of pig fat exports failed to regain its momentum.

Exports by Country

South Africa (X tons) represented roughly X% of total exports of pig fat in 2018.

South Africa experienced a relatively flat trend pattern of pig fat exports. While the share of South Africa (-X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest pig fat supplier in Africa.

From 2007 to 2018, the average annual rate of growth in terms of value in South Africa was relatively modest.

Export Prices by Country

In 2018, the pig fat export price in Africa amounted to $X per ton, falling by -X% against the previous year. Overall, the pig fat export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices for pig fat attained their maximum at $X per ton in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2007 to 2018, the rate of growth in terms of prices for South Africa amounted to -X% per year.

Pig Fat Imports

Imports in Africa

In 2018, the pig fat imports in Africa stood at X tons, declining by -X% against the previous year. Overall, pig fat imports continue to indicate a mild drop. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, pig fat imports reached their maximum at X tons in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

In value terms, pig fat imports stood at $X in 2018. Over the period under review, pig fat imports continue to indicate a slight drop. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, pig fat imports attained their maximum at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

South Africa prevails in pig fat imports structure, accounting for X tons, which was approx. X% of total imports in 2018. It was distantly followed by Namibia (X tons), comprising an X% share of total imports. The following importers - Angola (X tons), Tanzania (X tons), Mauritius (X tons), Ghana (X tons), Seychelles (X tons), Botswana (X tons), Gabon (X tons) and Liberia (X tons) - together made up X% of total imports.

Imports into South Africa increased at an average annual rate of +X% from 2007 to 2018. At the same time, Gabon (+X%), Tanzania (+X%), Seychelles (+X%), Mauritius (+X%) and Liberia (+X%) displayed positive paces of growth. Moreover, Gabon emerged as the fastest-growing importer in Africa, with a CAGR of +X% from 2007-2018. By contrast, Namibia (-X%), Botswana (-X%), Ghana (-X%) and Angola (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of South Africa, Tanzania and Gabon increased by +X%, +X% and +X% percentage points, while Namibia (-X p.p.), Ghana (-X p.p.) and Angola (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported pig fat in Africa, comprising X% of total pig fat imports. The second position in the ranking was occupied by Angola ($X), with a X% share of total imports. It was followed by Namibia, with a X% share.

In South Africa, pig fat imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Angola (-X% per year) and Namibia (-X% per year).

Import Prices by Country

In 2018, the pig fat import price in Africa amounted to $X per ton, coming down by -X% against the previous year. Over the period under review, the pig fat import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The level of import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Angola ($X per ton), while Gabon ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Tanzania, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform