Central Asia: Pig Fat Market 2020

Pig Fat Market Size in Central Asia

The revenue of the pig fat market in Central Asia amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. The level of pig fat consumption peaked in 2018 and is likely to see steady growth in the near future.

Pig Fat Production in Central Asia

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Overall, pig fat production continues to indicate a drastic reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. The level of pig fat production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Production By Country in Central Asia

The countries with the highest volumes of pig fat production in 2018 were Kazakhstan (X tons), Uzbekistan (X tons) and Turkmenistan (X tons), together comprising X% of total production. Tajikistan and Kyrgyzstan lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of pig fat production, amongst the main producing countries, was attained by Kyrgyzstan, while the other leaders experienced more modest paces of growth.

Pig Fat Exports

Exports in Central Asia

In 2018, approx. X tons of pig fat were exported in Central Asia; rising by X% against the previous year. Over the period under review, pig fat exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Over the period under review, pig fat exports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, pig fat exports amounted to $X in 2018. Overall, pig fat exports continue to indicate an abrupt setback. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. The level of exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

The countries with the highest levels of pig fat exports in 2018 were Kazakhstan (X tons), together recording X% of total export.

Kazakhstan was also the fastest-growing in terms of the pig fat exports, with a CAGR of +X% from 2007 to 2018. From 2007 to 2018, the share of Kazakhstan increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest pig fat supplier in Central Asia.

In Kazakhstan, pig fat exports plunged by an average annual rate of -X% over the period from 2007-2018.

Export Prices by Country

In 2018, the pig fat export price in Central Asia amounted to $X per ton, going down by -X% against the previous year. Over the period under review, the pig fat export price continues to indicate a dramatic decline. The most prominent rate of growth was recorded in 2012 a decrease of -X% against the previous year. Over the period under review, the export prices for pig fat reached their maximum at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

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

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

Pig Fat Imports

Imports in Central Asia

The imports totaled X tons in 2018, lowering by -X% against the previous year. In general, pig fat imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of imports peaked at X tons in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

In value terms, pig fat imports amounted to $X in 2018. In general, pig fat imports, however, continue to indicate a strong expansion. 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 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan represented the key importing country with an import of about X tons, which finished at X% of total imports. Uzbekistan (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Mongolia (X%) and Turkmenistan (X%).

Imports into Kazakhstan increased at an average annual rate of +X% from 2007 to 2018. At the same time, Turkmenistan (+X%), Mongolia (+X%) and Uzbekistan (+X%) displayed positive paces of growth. Moreover, Turkmenistan emerged as the fastest-growing importer in Central Asia, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Kazakhstan, Uzbekistan, Turkmenistan and Mongolia increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported pig fat in Central Asia, comprising X% of total pig fat imports. The second position in the ranking was occupied by Uzbekistan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

In Kazakhstan, pig fat imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Uzbekistan (-X% per year) and Mongolia (-X% per year).

Import Prices by Country

In 2018, the pig fat import price in Central Asia amounted to $X per ton, declining by -X% against the previous year. In general, the pig fat import price continues to indicate a drastic decline. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. In that year, the import prices for pig fat reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for pig fat remained 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 Turkmenistan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform