Asia: Pig Fat Market 2020

Pig Fat Market Size in Asia

The revenue of the pig fat market in Asia amounted to $X in 2018, going up by X% against the previous year. The market 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 growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of pig fat consumption peaked in 2018 and is expected to retain its growth in the immediate term.

Pig Fat Production in Asia

In value terms, pig fat production amounted to $X in 2018 estimated in export prices. In general, pig fat production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when production volume increased by X% year-to-year. In that year, pig fat production reached its peak level of $X. From 2012 to 2018, pig fat production growth remained at a somewhat lower figure.

Production By Country in Asia

The country with the largest volume of pig fat production was China (X tons), accounting for X% of total production. Moreover, pig fat production in China exceeded the figures recorded by the region's second-largest producer, India (X tons), twofold. Indonesia (X tons) ranked third in terms of total production with a X% share.

In China, pig fat production expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: India (+X% per year) and Indonesia (+X% per year).

Pig Fat Exports

Exports in Asia

The exports amounted to X tons in 2018, picking up by X% against the previous year. In general, pig fat exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. In that year, pig fat exports attained their peak of X tons. From 2016 to 2018, the growth of pig fat exports remained at a lower figure.

In value terms, pig fat exports stood at $X in 2018. Overall, pig fat exports continue to indicate measured growth. The growth pace was the most rapid in 2008 when exports increased by X% against the previous 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

In 2018, China (X tons) represented the major exporter of pig fat, constituting X% of total exports. It was distantly followed by Cyprus (X tons), making up a X% share of total exports. Turkey (X tons) and Georgia (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

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

In China, pig fat exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Cyprus (+X% per year) and Turkey (+X% per year).

Export Prices by Country

The pig fat export price in Asia stood at $X per ton in 2018, reducing by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. In that year, the export prices for pig fat reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for pig fat remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the export price figures.

Pig Fat Imports

Imports in Asia

In 2018, the amount of pig fat imported in Asia stood at X tons, growing by X% against the previous year. Over the period under review, pig fat imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Over the period under review, pig fat imports reached their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, pig fat imports amounted to $X in 2018. In general, pig fat imports continue to indicate strong growth. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Over the period under review, pig fat imports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, the Philippines (X tons) and Japan (X tons) were the main importers of pig fat in Asia, together finishing at near X% of total imports. South Korea (X tons) held the next position in the ranking, followed by Kazakhstan (X tons). All these countries together took approx. X% share of total imports. Uzbekistan (X tons), China (X tons), Georgia (X tons), Azerbaijan (X tons), Armenia (X tons), Mongolia (X tons) and Vietnam (X tons) held a minor 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 the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the Philippines ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

Among the main importing countries, South Korea experienced the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the pig fat import price in Asia amounted to $X per ton, going up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the import price increased by X% against the previous year. Over the period under review, the import prices for pig fat reached their maximum at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

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

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

Source: IndexBox Platform