Brazil: Pig Fat Market 2020

Pig Fat Market Size in Brazil

The revenue of the pig fat market in Brazil amounted to $X in 2018, remaining relatively unchanged 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 most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Pig fat consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Pig Fat Production in Brazil

In value terms, pig fat production amounted to $X in 2018 estimated in export prices. The total output 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 most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, pig fat production attained its maximum level at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Pig Fat Exports

Exports from Brazil

Pig fat exports from Brazil amounted to X tons in 2018, shrinking by -X% against the previous year. In general, pig fat exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, pig fat exports amounted to $X in 2018. Over the period under review, pig fat exports continue to indicate a drastic setback. The growth pace was the most rapid in 2008 when exports increased by 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 remained at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for pig fat exports from Brazil, with a X% share of total exports. Moreover, pig fat exports to the Philippines exceeded the volume sent to the second major destination, Albania (X tons), threefold. The third position in this ranking was occupied by Uruguay (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to the Philippines amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+X% per year) and Uruguay (-X% per year).

In value terms, the Philippines ($X), Albania ($X) and Uruguay ($X) appeared to be the largest markets for pig fat exported from Brazil worldwide, together accounting for X% of total exports.

Among the main countries of destination, the Philippines experienced the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, jumping by X% against the previous year. In general, the export price indicated a buoyant increase 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 2016 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Angola ($X per ton), while the average price for exports to the Philippines ($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 Angola, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Brazil

In 2018, approx. X tons of pig fat were imported into Brazil; increasing by X% against the previous year. Over the period under review, pig fat imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, pig fat imports stood at $X in 2018. Overall, pig fat imports continue to indicate a strong increase. The growth pace was the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, Chile (X tons) was the main supplier of pig fat to Brazil, accounting for a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from Chile totaled +X%.

In value terms, Chile ($X) constituted the largest supplier of pig fat to Brazil.

From 2007 to 2018, the average annual growth rate of value from Chile totaled +X%.

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, picking up by X% against the previous year. Over the period under review, the pig fat import price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. In that year, the average import prices for pig fat reached their peak level of $X per ton. From 2012 to 2018, the growth in terms of the average import prices for pig fat remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From 2007 to 2018, the rate of growth in terms of prices for Chile amounted to +X% per year.

Source: IndexBox Platform