Chile: Pig Fat Market 2020

Pig Fat Market Size in Chile

The revenue of the pig fat market in Chile amounted to $X in 2018, shrinking by -X% against the previous year. Over the period under review, pig fat consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, the pig fat market reached its peak figure level at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Pig Fat Production in Chile

In value terms, pig fat production totaled $X in 2018 estimated in export prices. Overall, the total output indicated a strong increase 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 production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when production volume increased by X% year-to-year. Over the period under review, pig fat production reached its maximum level in 2018 and is expected to retain its growth in the near future.

Pig Fat Exports

Exports from Chile

Pig fat exports from Chile totaled X tons in 2018, jumping by X% against the previous year. Over the period under review, the total exports indicated a buoyant expansion 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 2015 indices. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. In that year, pig fat exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, pig fat exports totaled $X in 2018. Over the period under review, pig fat exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. In that year, pig fat exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

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

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

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

From 2007 to 2018, the average annual growth rate of value to Russia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+X% per year) and Brazil (+X% per year).

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, flattening at the previous year. In general, the export price indicated a remarkable 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 pace of growth appeared the most rapid in 2008 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for pig fat reached their peak figure at $X per ton in 2014; however, from 2015 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Argentina ($X per ton), while the average price for exports to Croatia ($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 Argentina, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Chile

In 2018, the pig fat imports into Chile totaled X tons, going down by -X% against the previous year. Overall, pig fat imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, pig fat imports reached their maximum at X tons in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

In value terms, pig fat imports totaled $X in 2018. In general, pig fat imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, pig fat imports reached their peak figure at $X in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Canada (X tons) constituted the largest pig fat supplier to Chile, with a X% share of total imports. Moreover, pig fat imports from Canada exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, going down by -X% against the previous year. Over the period under review, the pig fat import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Average prices varied noticeably amongst the major supplying countries. In 2018, the countries with the highest prices were Poland ($X per ton) and Germany ($X per ton), while the price for the U.S. ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced a decline.

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Source: IndexBox Platform