Eastern Europe: Pig Fat Market 2020

Pig Fat Market Size in Eastern Europe

The revenue of the pig fat market in Eastern Europe amounted to $X in 2018, going up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of pig fat consumption peaked in 2018 and is expected to retain its growth in the near future.

Pig Fat Production in Eastern Europe

In value terms, pig fat production totaled $X in 2018 estimated in export prices. Overall, pig fat production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when production volume increased by X% against the previous year. The level of pig fat production peaked at $X in 2016; however, from 2017 to 2018, production failed to regain its momentum.

Production By Country in Eastern Europe

Poland (X tonnes) constituted the country with the largest volume of pig fat production, comprising approx. X% of total volume. Moreover, pig fat production in Poland exceeded the figures recorded by the second-largest producer, Russia (X tonnes), sixfold. Hungary (X tonnes) ranked third in terms of total production with a X% share.

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

Pig Fat Exports

Exports in Eastern Europe

In 2018, approx. X tonnes of pig fat were exported in Eastern Europe; increasing by X% against the previous year. The total exports indicated a resilient increase 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. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. The volume of exports peaked at X tonnes in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

In value terms, pig fat exports stood at $X in 2018. Overall, pig fat exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. The level of exports peaked at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Poland represented the major exporter of pig fat exported in Eastern Europe, with the volume of exports recording X tonnes, which was approx. X% of total exports in 2018. Hungary (X tonnes) took the second position in the ranking, followed by Lithuania (X tonnes). All these countries together occupied approx. X% share of total exports. Russia (X tonnes), Romania (X tonnes) and Belarus (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to pig fat exports from Poland stood at +X%. At the same time, Russia (+X%), Romania (+X%), Belarus (+X%) and Lithuania (+X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +X% from 2007-2018. Hungary experienced a relatively flat trend pattern. While the share of Poland (+X p.p.), Russia (+X p.p.), Romania (+X p.p.) and Belarus (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest pig fat supplier in Eastern Europe, comprising X% of total pig fat exports. The second position in the ranking was occupied by Hungary ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Poland stood at +X%. In the other countries, the average annual rates were as follows: Hungary (+X% per year) and Lithuania (-X% per year).

Export Prices by Country

The pig fat export price in Eastern Europe stood at $X per tonne in 2018, remaining stable against the previous year. Overall, the pig fat export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the export price increased by X% y-o-y. The level of export price peaked at $X per tonne in 2012; however, from 2013 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belarus ($X per tonne), while Poland ($X per tonne) 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 more modest paces of growth.

Pig Fat Imports

Imports in Eastern Europe

In 2018, the pig fat imports in Eastern Europe totaled X tonnes, growing by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. The volume of imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, pig fat imports stood at $X in 2018. The total imports indicated a remarkable expansion 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 imports increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. The level of imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

Russia was the main importer of pig fat imported in Eastern Europe, with the volume of imports accounting for X tonnes, which was approx. X% of total imports in 2018. It was distantly followed by Ukraine (X tonnes) and the Czech Republic (X tonnes), together making up a X% share of total imports. The following importers - Romania (X tonnes), Hungary (X tonnes), Bulgaria (X tonnes) and Slovakia (X tonnes) - each reached a X% share of total imports.

Russia experienced a relatively flat trend pattern of pig fat imports. At the same time, the Czech Republic (+X%), Hungary (+X%), Ukraine (+X%) and Slovakia (+X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +X% from 2007-2018. By contrast, Bulgaria (-X%) and Romania (-X%) illustrated a downward trend over the same period. Ukraine (+X p.p.), Russia (+X p.p.), the Czech Republic (+X p.p.) and Hungary (+X p.p.) significantly strengthened its position in terms of the total imports, while Romania saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in Russia stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Ukraine (+X% per year) and the Czech Republic (+X% per year).

Import Prices by Country

In 2018, the pig fat import price in Eastern Europe amounted to $X per tonne, going up by X% against the previous year. The import price indicated a buoyant expansion 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 2014 indices. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, the import prices for pig fat reached their maximum in 2018 and is likely to continue its growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Russia ($X per tonne), while the Czech Republic ($X per tonne) 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 more modest paces of growth.

Source: IndexBox Platform