Denmark: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in Denmark

The Danish rendered pig fat market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, showed a deep reduction. Rendered pig fat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Rendered Pig Fat Production in Denmark

In value terms, rendered pig fat production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Rendered Pig Fat Exports

Exports from Denmark

In 2022, overseas shipments of lard and other pig fat (rendered) increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rendered pig fat exports soared to $X in 2022. Overall, exports showed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for rendered pig fat exports from Denmark, with a X% share of total exports. Moreover, rendered pig fat exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for lard and other pig fat (rendered) exports from Denmark, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

Export Prices by Country

The average rendered pig fat export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Czech Republic ($X per ton) and the UK ($X per ton), while the average price for exports to Germany ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rendered Pig Fat Imports

Imports into Denmark

In 2022, approx. X tons of lard and other pig fat (rendered) were imported into Denmark; increasing by X% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt decline. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, rendered pig fat imports skyrocketed to $X in 2022. Overall, imports, however, showed a precipitous descent. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Portugal (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of rendered pig fat imports to Denmark, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of lard and other pig fat (rendered) to Denmark, comprising X% of total imports. The second position in the ranking was taken by Portugal ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Sweden (X% per year).

Import Prices by Country

The average rendered pig fat import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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