China: Pig Fat Market 2020

Pig Fat Market Size in China

The revenue of the pig fat market in China amounted to $X in 2018, jumping by X% against the previous year. The market value increased at an average annual rate of +X% over the period 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% year-to-year. Pig fat consumption peaked at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Pig Fat Production in China

In value terms, pig fat production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated buoyant 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 production increased by +X% against 2010 indices. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Pig fat production peaked in 2018 and is expected to retain its growth in the immediate term.

Pig Fat Exports

Exports from China

In 2018, approx. X tons of pig fat were exported from China; lowering by -X% against the previous year. Over the period under review, pig fat exports continue to indicate a moderate drop. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, pig fat exports stood at $X in 2018. In general, pig fat exports continue to indicate a measured increase. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. In that year, pig fat exports reached their peak of $X. From 2009 to 2018, the growth of pig fat exports failed to regain its momentum.

Exports by Country

Mongolia (X tons), Georgia (X tons) and Kyrgyzstan (X tons) were the main destinations of pig fat exports from China, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Kyrgyzstan, while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pig fat exported from China were Mongolia ($X), Kyrgyzstan ($X) and Georgia ($X), together accounting for X% of total exports.

Among the main countries of destination, Kyrgyzstan experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price indicated a strong expansion 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 2010 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the average export prices for pig fat reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average export prices for pig fat remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Georgia ($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 Kyrgyzstan, while the prices for the other major destinations experienced mixed trend patterns.

Pig Fat Imports

Imports into China

In 2018, approx. X tons of pig fat were imported into China; growing by X% against the previous year. Over the period under review, pig fat imports continue to indicate a moderate 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 attained their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, pig fat imports totaled $X in 2018. Overall, pig fat imports continue to indicate a prominent expansion. The pace of growth appeared 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 in 2018 and are likely to see steady growth in the near future.

Imports by Country

In 2018, Spain (X tons) constituted the largest supplier of pig fat to China, accounting for a X% share of total imports. Moreover, pig fat imports from Spain exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. France (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+X% per year) and France (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from Spain amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+X% per year) and France (+X% per year).

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the countries with the highest prices were the Netherlands ($X per ton) and Ireland ($X per ton), while the price for France ($X per ton) and Spain ($X per ton) were 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 more modest paces of growth.

Source: IndexBox Platform