Eastern Asia: Pig Fat Market 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 tons) 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 tons), sevenfold. South Korea (X tons) 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 tons, 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 tons 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 tons, which was near X% of total exports in 2018. The following exporters - China, Hong Kong SAR (X tons) and Taiwan, Chinese (X tons) - 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 ton, 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 ($X per ton), while China, Hong Kong SAR ($X per ton) 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 tons, 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 tons, which was near X% of total imports in 2018. South Korea (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by China (X%). The following importers - China, Hong Kong SAR (X tons) and Taiwan, Chinese (X tons) - 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 ton, 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 ton 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 ($X per ton), while Taiwan, Chinese ($X per ton) 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