Belgium: Pig Fat Market 2020

Pig Fat Market Size in Belgium

The revenue of the pig fat market in Belgium amounted to $X in 2018, increasing by X% against the previous year. In general, the total market indicated a significant expansion from 2007 to 2018: its value increased 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 consumption increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. In that year, the pig fat market reached its peak level of $X. From 2009 to 2018, the growth of the pig fat market remained at a lower figure.

Pig Fat Production in Belgium

In value terms, pig fat production totaled $X in 2018 estimated in export prices. Overall, pig fat production, however, continues to indicate a remarkable expansion. The pace of growth was the most pronounced in 2013 when production volume increased by X% year-to-year. In that year, pig fat production attained its peak level of $X. From 2014 to 2018, pig fat production growth remained at a somewhat lower figure.

Pig Fat Exports

Exports from Belgium

In 2018, the pig fat exports from Belgium totaled X tons, picking up by X% against the previous year. In general, pig fat exports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, pig fat exports amounted to $X in 2018. In general, pig fat exports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, pig fat exports attained their peak of $X. From 2009 to 2018, the growth of pig fat exports failed to regain its momentum.

Exports by Country

Russia (X tons), the Netherlands (X tons) and the Philippines (X tons) were the main destinations of pig fat exports from Belgium, together accounting for X% of total exports. France, Germany, Uruguay, Ukraine, the UK, Italy, Denmark and Georgia lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Italy, while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for pig fat exports from Belgium, comprising X% of total pig fat exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and the Netherlands (-X% per year).

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, standing approx. at the previous year. Overall, the pig fat export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Russia, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Belgium

Pig fat imports into Belgium amounted to X tons in 2018, therefore, remained relatively stable against the previous year. In general, pig fat imports continue to indicate a slight expansion. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Over the period under review, pig fat imports attained their peak figure at X tons in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

In value terms, pig fat imports totaled $X in 2018. Over the period under review, the total imports indicated moderate growth from 2007 to 2018: its value 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 imports increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, pig fat imports attained their maximum at $X in 2013; however, from 2014 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Italy (X tons) constituted the largest pig fat supplier to Belgium, with a X% share of total imports. Moreover, pig fat imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was occupied by the Netherlands (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the Netherlands (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of pig fat to Belgium, comprising X% of total pig fat imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the pig fat import price continues to indicate a mild increase. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. In that year, the average import prices for pig fat reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for pig fat remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, the highest prices were recorded for prices from the Netherlands ($X per ton) and Italy ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform