Asia-Pacific: Pig Fat Market 2020

Pig Fat Market Size in Asia-Pacific

The revenue of the pig fat market in Asia-Pacific amounted to $X in 2018, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. The level of pig fat consumption peaked at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Pig Fat Production in Asia-Pacific

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Overall, pig fat production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of pig fat production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Production By Country in Asia-Pacific

The country with the largest volume of pig fat production was China (X tonnes), comprising approx. X% of total volume. Moreover, pig fat production in China exceeded the figures recorded by the second-largest producer, India (X tonnes), threefold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

In China, pig fat production increased at an average annual rate of +X% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: India (+X% per year) and Japan (-X% per year).

Pig Fat Exports

Exports in Asia-Pacific

The exports stood at X tonnes in 2018, flattening at the previous year. In general, pig fat exports continue to indicate a moderate descent. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. In that year, pig fat exports attained their peak of X tonnes. From 2009 to 2018, the growth of pig fat exports remained at a somewhat lower figure.

In value terms, pig fat exports totaled $X in 2018. Over the period under review, pig fat exports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. In that year, pig fat exports reached their peak of $X. From 2009 to 2018, the growth of pig fat exports remained at a somewhat lower figure.

Exports by Country

China dominates pig fat exports structure, recording X tonnes, which was near X% of total exports in 2018. The following exporters - Australia (X tonnes), Singapore (X tonnes), China, Hong Kong SAR (X tonnes) and Taiwan, Chinese (X tonnes) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to pig fat exports from China stood at -X%. At the same time, Singapore (+X%), China, Hong Kong SAR (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2018. By contrast, Taiwan, Chinese (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Singapore increased by +X% percentage points, while Taiwan, Chinese (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest pig fat supplier in Asia-Pacific, comprising X% of total pig fat exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports. It was followed by Taiwan, Chinese, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China totaled +X%. In the other countries, the average annual rates were as follows: Singapore (+X% per year) and Taiwan, Chinese (-X% per year).

Export Prices by Country

In 2018, the pig fat export price in Asia-Pacific amounted to $X per tonne, going up by X% against the previous year. The export price indicated a prominent expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pig fat export price increased by +X% against 2010 indices. The growth pace was the most rapid in 2008 an increase of X% against the previous year. The level of export price peaked in 2018 and is expected to retain its growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Taiwan, Chinese ($X per tonne), while Australia ($X per tonne) was amongst the lowest.

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

Pig Fat Imports

Imports in Asia-Pacific

In 2018, the amount of pig fat imported in Asia-Pacific amounted to X tonnes, growing by X% against the previous year. In general, pig fat imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, pig fat imports attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

In value terms, pig fat imports stood at $X in 2018. In general, pig fat imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, pig fat imports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

The Philippines (X tonnes) and Japan (X tonnes) were the largest importers of pig fat in 2018, reaching near X% and X% of total imports, respectively. It was distantly followed by South Korea (X tonnes), achieving a X% share of total imports. China (X tonnes), Taiwan, Chinese (X tonnes), Vietnam (X tonnes) and Australia (X tonnes) held a relatively small share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by South Korea, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pig fat importing markets in Asia-Pacific were Japan ($X), the Philippines ($X) and South Korea ($X), with a combined X% share of total imports.

South Korea experienced the highest growth rate of market size, in terms of the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The pig fat import price in Asia-Pacific stood at $X per tonne in 2018, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. The level of import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per tonne), while Vietnam ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform