CIS: Pig Fat Market 2020

Pig Fat Market Size in CIS

The revenue of the pig fat market in CIS amounted to $X in 2018, jumping by X% against the previous year. The total market indicated a strong expansion 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 consumption increased by +X% against 2013 indices. 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 maximum level in 2018 and is likely to continue its growth in the immediate term.

Pig Fat Production in CIS

In value terms, pig fat production stood at $X in 2018 estimated in export prices. The total output indicated a modest increase 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 production increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2016 when production volume increased by X% year-to-year. The level of pig fat production peaked in 2018 and is likely to see steady growth in the immediate term.

Production By Country in CIS

The countries with the highest volumes of pig fat production in 2018 were Russia (X tons), Kazakhstan (X tons) and Uzbekistan (X tons), with a combined X% share of total production.

From 2007 to 2018, the most notable rate of growth in terms of pig fat production, amongst the main producing countries, was attained by Russia, while the other leaders experienced more modest paces of growth.

Pig Fat Exports

Exports in CIS

In 2018, the amount of pig fat exported in CIS amounted to X tons, increasing by X% against the previous year. Over the period under review, pig fat exports continue to indicate an extraordinary increase. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Over the period under review, pig fat exports attained their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, pig fat exports amounted to $X in 2018. Over the period under review, pig fat exports continue to indicate outstanding growth. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. The level of exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

Russia (X tons) and Belarus (X tons) represented roughly X% of total exports of pig fat in 2018.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Russia.

In value terms, the largest pig fat markets in CIS were Russia ($X) and Belarus ($X), together comprising X% of total exports.

Russia (+X% per year) recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period.

Export Prices by Country

The pig fat export price in CIS stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the pig fat export price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The level of export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2018, the country with the highest price was Belarus ($X per ton), while Russia amounted to $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Russia.

Pig Fat Imports

Imports in CIS

In 2018, the amount of pig fat imported in CIS totaled X tons, approximately equating the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, pig fat imports reached their maximum at X tons in 2012; however, from 2013 to 2018, imports remained at a lower figure.

In value terms, pig fat imports amounted to $X in 2018. In general, pig fat imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. The level of imports peaked in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

Russia dominates pig fat imports structure, amounting to X tons, which was approx. X% of total imports in 2018. It was distantly followed by Kazakhstan (X tons), comprising a X% share of total imports. The following importers - Belarus (X tons) and Uzbekistan (X tons) - each finished at a X% share of total imports.

Russia experienced a relatively flat trend pattern of pig fat imports. At the same time, Kazakhstan (+X%), Belarus (+X%) and Uzbekistan (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer in CIS, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Russia and Kazakhstan increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Russia, pig fat imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+X% per year) and Kazakhstan (+X% per year).

Import Prices by Country

The pig fat import price in CIS stood at $X per ton in 2018, picking up by X% against the previous year. The import price indicated prominent growth 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 import price increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, the import prices for pig fat attained their maximum in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform