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Eastern Asia - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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Eastern Asia: Pig Fat Market Overview 2020

Pig Fat Market Size in Eastern Asia

The revenue of the pig fat market in Eastern Asia amounted to $X in 2018, surging by X% against the previous year. The total market indicated a buoyant 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 pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The level of pig fat consumption peaked at $X in 2011; however, from 2012 to 2018, consumption remained at a lower figure.

Pig Fat Production in Eastern Asia

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Overall, pig fat production continues to indicate a slight slump. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. The level of pig fat production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Production By Country in Eastern Asia

China (X tonnes) remains the largest pig fat producing country in Eastern Asia, accounting for X% of total production. Moreover, pig fat production in China exceeded the figures recorded by the region's second-largest producer, Japan (X tonnes), sevenfold. South Korea (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume in China amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Japan (-X% per year) and South Korea (+X% per year).

Pig Fat Exports

Exports in Eastern Asia

In 2018, the amount of pig fat exported in Eastern Asia amounted to X tonnes, dropping by -X% against the previous year. In general, pig fat exports continue to indicate a moderate downturn. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, pig fat exports reached their maximum at X tonnes in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

In value terms, pig fat exports amounted to $X in 2018. Over the period under review, pig fat exports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. In that year, pig fat exports reached their peak of $X. From 2009 to 2018, the growth of pig fat exports remained at a somewhat lower figure.

Exports by Country

China prevails in pig fat exports structure, reaching X tonnes, which was near X% of total exports in 2018. The following exporters - China, Hong Kong SAR (X tonnes) and Taiwan, Chinese (X tonnes) - each reached a X% share of total exports.

From 2007 to 2018, average annual rates of growth with regard to pig fat exports from China stood at -X%. At the same time, China, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, China, Hong Kong SAR emerged as the fastest-growing exporter in Eastern Asia, with a CAGR of +X% from 2007-2018. By contrast, Taiwan, Chinese (-X%) illustrated a downward trend over the same period. While the share of China, Hong Kong SAR (+X p.p.) increased significantly in terms of the total exports from 2007-2018, the share of Taiwan, Chinese (-X p.p.) and China (-X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest pig fat supplier in Eastern Asia, comprising X% of total pig fat exports. The second position in the ranking was occupied by Taiwan, Chinese ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Taiwan, Chinese (-X% per year) and China, Hong Kong SAR (+X% per year).

Export Prices by Country

In 2018, the pig fat export price in Eastern Asia amounted to $X per tonne, growing by X% against the previous year. The export price indicated a resilient increase 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 2010 indices. The pace of growth was the most pronounced in 2008 when the export price increased by X% y-o-y. The level of export price peaked in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Taiwan, Chinese ($X per tonne), while China, Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Pig Fat Imports

Imports in Eastern Asia

In 2018, the imports of pig fat in Eastern Asia stood at X tonnes, jumping by X% against the previous year. In general, pig fat imports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Over the period under review, pig fat imports reached their peak figure 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 remarkable expansion. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, pig fat imports attained their maximum in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

Japan represented the key importer of pig fat in Eastern Asia, with the volume of imports recording X tonnes, which was near X% of total imports in 2018. South Korea (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by China (X%). The following importers - China, Hong Kong SAR (X tonnes) and Taiwan, Chinese (X tonnes) - each amounted to a X% share of total imports.

Imports into Japan increased at an average annual rate of +X% from 2007 to 2018. At the same time, South Korea (+X%), China, Hong Kong SAR (+X%), Taiwan, Chinese (+X%) and China (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer in Eastern Asia, with a CAGR of +X% from 2007-2018. Japan (+X p.p.), South Korea (+X p.p.), China, Hong Kong SAR (+X p.p.) and China (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported pig fat in Eastern Asia, comprising X% of total pig fat imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

In Japan, pig fat imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and China (+X% per year).

Import Prices by Country

In 2018, the pig fat import price in Eastern Asia amounted to $X per tonne, jumping by X% against the previous year. The import price indicated noticeable 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 2015 indices. The most prominent rate of growth was recorded in 2009 when the import price increased by X% y-o-y. The level of import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Taiwan, Chinese ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig fat in Eastern Asia?
+
China (1.7M tonnes) remains the largest pig fat consuming country in Eastern Asia, accounting for 77% of total volume. Moreover, pig fat consumption in China exceeded the figures recorded by the second-largest consumer, Japan (305K tonnes), fivefold. South Korea (117K tonnes) ranked third in terms of total consumption with a 5.4% share.
What are the largest producers of pig fat in Eastern Asia?
+
The country with the largest volume of pig fat production was China (1.6M tonnes), comprising approx. 78% of total volume. Moreover, pig fat production in China exceeded the figures recorded by the second-largest producer, Japan (261K tonnes), sixfold. The third position in this ranking was occupied by South Korea (106K tonnes), with a 5.3% share.
What are the leading suppliers of pig fat in Eastern Asia?
+
In value terms, Hong Kong SAR ($188K) remains the largest pig fat supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was occupied by China ($45K), with a 18% share of total exports.
What are the leading importers of pig fat in Eastern Asia?
+
In value terms, the largest pig fat importing markets in Eastern Asia were China ($139M), Japan ($95M) and South Korea ($18M), together comprising 99% of total imports.
What is the average export price for pig fat in Eastern Asia?
+
The pig fat export price in Eastern Asia stood at $1,621 per tonne in 2020, shrinking by -14.3% against the previous year.
What is the average import price for pig fat in Eastern Asia?
+
In 2020, the pig fat import price in Eastern Asia amounted to $1,773 per tonne, growing by 16% against the previous year.

Product coverage:
• Prodcom 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding rendered)

This report provides an in-depth analysis of the pig fat market in Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Country coverage:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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