Australia and Oceania: Pig Fat Market 2020

Pig Fat Market Size in Australia and Oceania

The revenue of the pig fat market in Australia and Oceania amounted to $X in 2018, waning by -X% against the previous year. Overall, pig fat consumption continues to indicate a slight descent. The pace of growth appeared the most rapid in 2011 when the market value increased by X% y-o-y. The level of pig fat consumption peaked at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.

Pig Fat Production in Australia and Oceania

In value terms, pig fat production totaled $X in 2018 estimated in export prices. The total output indicated a buoyant increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, pig fat production increased by +X% against 2009 indices. 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 see steady growth in the near future.

Production By Country in Australia and Oceania

Australia (X tons) remains the largest pig fat producing country in Australia and Oceania, comprising approx. X% of total production. Moreover, pig fat production in Australia exceeded the figures recorded by the region's second-largest producer, Papua New Guinea (X tons), fourfold. The third position in this ranking was occupied by New Zealand (X tons), with a X% share.

In Australia, pig fat production shrank by 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: Papua New Guinea (-X% per year) and New Zealand (-X% per year).

Pig Fat Exports

Exports in Australia and Oceania

The exports stood at X tons in 2018, jumping by X% against the previous year. Overall, pig fat exports, however, continue to indicate a temperate descent. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, pig fat exports reached their peak of X tons. From 2009 to 2018, the growth of pig fat exports failed to regain its momentum.

In value terms, pig fat exports amounted to $X in 2018. Over the period under review, pig fat exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared 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, Australia (X tons) represented the largest exporter of pig fat, making up X% of total exports. It was distantly followed by New Zealand (X kg), achieving an X% share of total exports.

Australia was also the fastest-growing in terms of the pig fat exports, with a CAGR of +X% from 2007 to 2018. New Zealand (-X%) illustrated a downward trend over the same period. While the share of Australia (+X p.p.) increased significantly in terms of the total exports from 2007-2018, the share of New Zealand (-X p.p.) displayed negative dynamics.

In value terms, Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

Australia experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven years.

Export Prices by Country

In 2018, the pig fat export price in Australia and Oceania amounted to $X per ton, falling by -X% against the previous year. Overall, the pig fat export price, however, continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. Over the period under review, the export prices for pig fat reached their maximum at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by New Zealand.

Pig Fat Imports

Imports in Australia and Oceania

In 2018, the amount of pig fat imported in Australia and Oceania stood at X tons, growing by X% against the previous year. In general, pig fat imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, pig fat imports attained their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, pig fat imports stood at $X in 2018. In general, pig fat imports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, pig fat imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

Papua New Guinea (X tons) and Australia (X tons) dominates pig fat imports structure, together generating X% of total imports. It was distantly followed by New Zealand (X tons), comprising a X% 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 Papua New Guinea, while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported pig fat in Australia and Oceania, comprising X% of total pig fat imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports.

In Australia, pig fat imports 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: New Zealand (+X% per year) and Papua New Guinea (-X% per year).

Import Prices by Country

The pig fat import price in Australia and Oceania stood at $X per ton in 2018, shrinking by -X% against the previous year. Overall, the pig fat import price continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, the import prices for pig fat reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform