Canada: Pig Fat Market 2020

Pig Fat Market Size in Canada

The revenue of the pig fat market in Canada amounted to $X in 2018, going up by X% against the previous year. In general, pig fat consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Over the period under review, the pig fat market attained its peak figure level at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Pig Fat Production in Canada

In value terms, pig fat production stood at $X in 2018 estimated in export prices. The total output 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 most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Pig fat production peaked at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

Pig Fat Exports

Exports from Canada

In 2018, approx. X tons of pig fat were exported from Canada; approximately mirroring the previous year. In general, the total exports indicated mild growth from 2007 to 2018: its volume 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 exports increased by +X% against 2013 indices. 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 reached their peak of X tons. From 2009 to 2018, the growth of pig fat exports remained at a lower figure.

In value terms, pig fat exports amounted to $X in 2018. Overall, the total exports indicated tangible growth 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 exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded 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 lower figure.

Exports by Country

Japan (X tons), Mexico (X tons) and South Korea (X tons) were the main destinations of pig fat exports from Canada, with a combined X% share of total exports. The U.S., Russia, the Philippines and China 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 the U.S., while the other leaders experienced more modest paces of growth.

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

From 2007 to 2018, the average annual rate of growth in terms of value to Japan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and Russia (-X% per year).

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price indicated a measured expansion from 2007 to 2018: its price 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 export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

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

In 2018, the amount of pig fat imported into Canada amounted to X tons, surging by X% against the previous year. In general, pig fat imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by X% year-to-year. Imports peaked at X tons in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

In value terms, pig fat imports amounted to $X in 2018. Overall, pig fat imports continue to indicate a strong increase. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, pig fat imports attained their maximum at $X in 2016; however, from 2017 to 2018, imports remained at a lower figure.

Imports by Country

The U.S. (X tons), Spain (X tons) and Hungary (X tons) were the main suppliers of pig fat imports to Canada, with a combined X% share of total imports. Denmark, Portugal, Germany and France lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by France (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Spain ($X) and Denmark ($X) appeared to be the largest pig fat suppliers to Canada, with a combined X% share of total imports. These countries were followed by Portugal, Hungary, Germany and France, which together accounted for a further X terms of the main suppliers, Hungary 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

The average pig fat import price stood at $X per ton in 2018, dropping by -X% against the previous year. Overall, the pig fat import price continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, the average import prices for pig fat attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Hungary, while the prices for the other major suppliers experienced mixed trend patterns.

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Source: IndexBox Platform