Czech Republic: Pig Fat Market 2020

Pig Fat Market Size in the Czech Republic

The revenue of the pig fat market in the Czech Republic amounted to $X in 2018, growing by X% against the previous year. In general, the total market indicated a perceptible 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 consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Pig fat consumption peaked at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Pig Fat Production in the Czech Republic

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Overall, pig fat production, however, continues to indicate a drastic drop. The pace of growth was the most pronounced in 2011 when production volume increased by X% year-to-year. Over the period under review, pig fat production reached its maximum level at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

Pig Fat Exports

Exports from the Czech Republic

In 2018, the exports of pig fat from the Czech Republic amounted to X tons, rising by X% against the previous year. In general, pig fat exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% year-to-year. Exports peaked at X tons in 2013; however, from 2014 to 2018, exports remained at a lower figure.

In value terms, pig fat exports amounted to $X in 2018. In general, pig fat exports continue to indicate prominent growth. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, pig fat exports reached their peak figure at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Slovakia (X tons) was the main destination for pig fat exports from the Czech Republic, accounting for a X% share of total exports. Moreover, pig fat exports to Slovakia exceeded the volume sent to the second major destination, Romania (X tons), sixfold. The third position in this ranking was occupied by Ukraine (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Slovakia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Ukraine (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Slovakia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Ukraine (+X% per year).

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, going up by X% against the previous year. Overall, the export price indicated slight growth 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 2016 indices. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

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

Pig Fat Imports

Imports into the Czech Republic

In 2018, the pig fat imports into the Czech Republic stood at X tons, going up by X% against the previous year. In general, the total imports indicated remarkable 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 imports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. 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.

In value terms, pig fat imports stood at $X in 2018. In general, pig fat imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Over the period under review, pig fat imports reached their peak figure at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Germany (X tons) constituted the largest supplier of pig fat to the Czech Republic, accounting for a X% share of total imports. Moreover, pig fat imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was occupied by Italy (X tons), with a X% share.

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

In value terms, Germany ($X), Poland ($X) and Italy ($X) appeared to be the largest pig fat suppliers to the Czech Republic, with a combined X% share of total imports.

Germany recorded the highest growth rate of imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the pig fat import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. In that year, the average import prices for pig fat reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the average import prices for pig fat remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform