Australia and Oceania: Rendered Pig Fat Market Overview 2020

Rendered Pig Fat Market Size in Australia and Oceania

The revenue of the rendered pig fat market in Australia and Oceania amounted to $X in 2017, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The rendered pig fat consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015, with an increase of X% against the previous year. The level of rendered pig fat consumption peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Rendered Pig Fat Exports in Australia and Oceania

In 2017, approx. X tonnes of lard and other pig fat (rendered) were exported in Australia and Oceania; going down by -X% against the previous year. The rendered pig fat exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2016, when it surged by -X% y-o-y. Over the period under review, the rendered pig fat exports attained its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, rendered pig fat exports totaled $X in 2017. The rendered pig fat exports continue to indicate an abrupt drop. Over the period under review, the rendered pig fat exports reached its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Rendered Pig Fat Exports by Country in Australia and Oceania

The countries with the highest levels of rendered pig fat exports in 2017 were Australia (X tonnes), together amounting to X% of total export.

Australia was also the fastest growing in terms of the lard and other pig fat (rendered) exports, with a CAGR of -X% from 2007 to 2017. From 2007 to 2017, the share of Australia increased by X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest rendered pig fat supplier in Australia and Oceania.

In Australia, rendered pig fat exports plunged by an average annual rate of -X% over the period from 2007-2017.

Rendered Pig Fat Export Prices by Country in Australia and Oceania

The rendered pig fat export price in Australia and Oceania stood at $X per tonne in 2017, leveling off at the previous year. The rendered pig fat export price continues to indicate an abrupt deduction. The pace of growth was the most pronounced in 2017, when it surged by -X% y-o-y. Over the period under review, the export prices for lard and other pig fat (rendered) attained its maximum level of $X per tonne in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Australia (-X% per year).

Rendered Pig Fat Imports in Australia and Oceania

In 2017, rendered pig fat imports in Australia and Oceania totaled X tonnes, dropping by -X% against the previous year. The rendered pig fat imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015, when imports increased by X% against the previous year. Over the period under review, the rendered pig fat imports reached its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, rendered pig fat imports amounted to $X in 2017. The rendered pig fat imports continue to indicate a moderate decline. The level of imports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Rendered Pig Fat Imports by Country in Australia and Oceania

In 2017, New Zealand (X tonnes) represented the major importer for lard and other pig fat (rendered), comprising X% of total imports. It was distantly followed by Australia (X tonnes), committing X% share of total imports. Papua New Guinea (X tonnes) and French Polynesia (X tonnes) took the weak share of total imports.

From 2007 to 2017, average annual rates of growth with regard to rendered pig fat imports into New Zealand stood at -X%. At the same time, French Polynesia (+X%) and Australia (+X%) displayed positive paces of growth. Moreover, French Polynesia emerged as the fastest growing importer in Australia and Oceania, with a CAGR of +X% from 2007-2017. By contrast, Papua New Guinea (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of New Zealand and Papua New Guinea increased by X% and X% percentage points, while Australia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported lard and other pig fat (rendered) in Australia and Oceania, making up X% of global imports. The second position in the ranking was occupied by Australia ($X), with a X% share of global imports. It was followed by Papua New Guinea, with a X% share.

In New Zealand, rendered pig fat imports remained relatively stable over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+X% per year) and Papua New Guinea (-X% per year).

Rendered Pig Fat Import Prices by Country in Australia and Oceania

In 2017, the rendered pig fat import price in Australia and Oceania amounted to $X per tonne, rising by X% against the previous year. The import price indicated a prominent expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rendered pig fat import price increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2017, an increase of X% year-to-year. In that year, the import prices for lard and other pig fat (rendered) attained their peak level, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was French Polynesia ($X per tonne), while Papua New Guinea ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by New Zealand (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform