Latest Report Update: Dec 29, 2021

Asia - Lard and Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Asia: Rendered Pig Fat Market Overview 2021

Rendered Pig Fat Market Size in Asia

In 2020, the Asian rendered pig fat market decreased by -X% to $X, falling for the second year in a row after two years of growth. in general, consumption continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Rendered Pig Fat Production in Asia

In value terms, rendered pig fat production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2014 to 2020, production growth remained at a lower figure.

Production by Country in Asia

The countries with the highest volumes of rendered pig fat production in 2020 were Hong Kong SAR (X tonnes), Viet Nam (X tonnes) and Indonesia (X tonnes), with a combined X% share of total production.

From 2007 to 2020, the biggest increases were in Indonesia, while rendered pig fat production for the other leaders experienced mixed trends in the production figures.

Rendered Pig Fat Exports

Exports in Asia

Rendered pig fat exports surged to X tonnes in 2020, with an increase of X% compared with the previous year. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, exports reached the maximum at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, rendered pig fat exports skyrocketed to $X in 2020. in general, exports, however, recorded a measured expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2020, Hong Kong SAR (X tonnes) was the key exporter of lard and other pig fat (rendered), generating X% of total exports. Japan (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by China (X%). Taiwan (Chinese) (X tonnes) and Cyprus (X tonnes) followed a long way behind the leaders.

Exports from Hong Kong SAR decreased at an average annual rate of -X% from 2007 to 2020. at the same time, China (+X%), Cyprus (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. by contrast, Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Japan, China and Cyprus increased by +X%, +X% and +X% percentage points, while Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) remains the largest rendered pig fat supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Hong Kong SAR stood at +X%. in the other countries, the average annual rates were as follows: Japan (+X% per year) and China (+X% per year).

Export Prices by Country

In 2020, the rendered pig fat export price in Asia amounted to $X per tonne, increasing by X% against the previous year. Overall, the export price posted a resilient increase. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. in 2020, the country with the highest price was Hong Kong SAR ($X per tonne), while Cyprus ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced a decline in the export price figures.

Rendered Pig Fat Imports

Imports in Asia

In 2020, purchases abroad of lard and other pig fat (rendered) decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of X tonnes. from 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, rendered pig fat imports reduced markedly to $X in 2020. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

The purchases of the four major importers of lard and other pig fat (rendered), namely Taiwan (Chinese), Hong Kong SAR, China and Japan, represented more than two-thirds of total import. It was distantly followed by the Philippines (X tonnes), comprising an X% share of total imports. Cyprus (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cyprus, while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest rendered pig fat importing markets in Asia were Taiwan (Chinese) ($X), Hong Kong SAR ($X) and Japan ($X), together comprising X% of total imports. China, the Philippines and Cyprus lagged somewhat behind, together accounting for a further X terms of the main importing countries, Cyprus recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the rendered pig fat import price in Asia amounted to $X per tonne, reducing by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per tonne in 2019, and then dropped in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard and other pig fat (rendered) in Asia?
+
The countries with the highest volumes of rendered pig fat consumption in 2020 were Taiwan (Chinese) (2.6K tonnes), China (1.6K tonnes) and Viet Nam (1.2K tonnes), with a combined 76% share of total consumption. The Philippines, Indonesia and Macao SAR lagged somewhat behind, together accounting for a further 17%.
What are the largest producers of lard and other pig fat (rendered) in Asia?
+
The countries with the highest volumes of rendered pig fat production in 2020 were Hong Kong SAR (1.9K tonnes), Viet Nam (1.1K tonnes) and Indonesia (200 tonnes), together comprising 96% of total production.
What are the leading suppliers of lard and other pig fat (rendered) in Asia?
+
In value terms, Hong Kong SAR ($7M) remains the largest rendered pig fat supplier in Asia, comprising 74% of total exports. The second position in the ranking was occupied by Japan ($1.2M), with a 12% share of total exports. It was followed by China, with a 10% share.
What are the leading importers of lard and other pig fat (rendered) in Asia?
+
In value terms, the largest rendered pig fat importing markets in Asia were Taiwan (Chinese) ($3.5M), Hong Kong SAR ($3.5M) and Japan ($2.7M), together accounting for 77% of total imports. These countries were followed by China, the Philippines and Cyprus, which together accounted for a further 19%.
What is the average export price for lard and other pig fat (rendered) in Asia?
+
In 2020, the rendered pig fat export price in Asia amounted to $1,323 per tonne, with an increase of 71% against the previous year.
What is the average import price for lard and other pig fat (rendered) in Asia?
+
In 2020, the rendered pig fat import price in Asia amounted to $1,163 per tonne, dropping by -2.8% against the previous year.

Product coverage:
• Prodcom 10115060 - Lard and other pig fat, rendered

This report provides an in-depth analysis of the rendered pig fat market in Asia. 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 2025.


Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets and Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Viet Nam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, by Country, 2015–2020
Table 5:
Production, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Physical Terms, by Country, 2007–2020
Table 7:
Imports, in Value Terms, by Country, 2007–2020
Table 8:
Import Prices, by Country of Destination, 2007–2020
Table 9:
Exports, in Physical Terms, by Country, 2007–2020
Table 10:
Exports, in Value Terms, by Country, 2007–2020
Table 11:
Export Prices, by Country of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, by Country, 2020
Figure 4:
Market Forecast to 2030
Figure 5:
Products: Market Size and Growth, by Type
Figure 6:
Products: Average Per Capita Consumption, by Type
Figure 7:
Products: Exports and Growth, by Type
Figure 8:
Products: Export Prices and Growth, by Type
Figure 9:
Production Volume and Growth
Figure 10:
Exports and Growth
Figure 11:
Export Prices and Growth
Figure 12:
Market Size and Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports and Growth
Figure 15:
Import Prices
Figure 16:
Production, in Physical Terms, 2007–2020
Figure 17:
Production, in Value Terms, 2007–2020
Figure 18:
Production, by Country, 2020
Figure 19:
Production, in Physical Terms, by Country, 2007–2020
Figure 20:
Imports, in Physical Terms, 2007–2020
Figure 21:
Imports, in Value Terms, 2007–2020
Figure 22:
Imports, in Physical Terms, by Country, 2020
Figure 23:
Imports, in Physical Terms, by Country, 2007–2020
Figure 24:
Imports, in Value Terms, by Country, 2007–2020
Figure 25:
Import Prices, by Country, 2007–2020
Figure 26:
Exports, in Physical Terms, 2007–2020
Figure 27:
Exports, in Value Terms, 2007–2020
Figure 28:
Exports, in Physical Terms, by Country, 2020
Figure 29:
Exports, in Physical Terms, by Country, 2007–2020
Figure 30:
Exports, in Value Terms, by Country, 2007–2020
Figure 31:
Export Prices, 2007–2020
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