EU: Rendered Pig Fat Market 2023

Rendered Pig Fat Market Size in the EU

In 2022, the EU rendered pig fat market increased by X% to $X, rising for the third year in a row after two years of decline. The total consumption indicated notable growth from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Rendered Pig Fat Production in the EU

In value terms, rendered pig fat production skyrocketed to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value 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, production increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Rendered Pig Fat Exports

Exports in the EU

In 2022, approx. X tons of lard and other pig fat (rendered) were exported in the European Union; approximately equating 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, rendered pig fat exports surged to $X in 2022. Overall, exports, however, posted a tangible increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, France (X tons), Germany (X tons), Belgium (X tons), Italy (X tons), Sweden (X tons), Denmark (X tons), Spain (X tons), Poland (X tons) and the Netherlands (X tons) was the major exporter of lard and other pig fat (rendered) in the European Union, generating X% of total export.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest rendered pig fat supplying countries in the European Union were France ($X), Germany ($X) and Belgium ($X), together accounting for X% of total exports. Italy, Denmark, Sweden, Spain, Poland and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price enjoyed measured growth. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($X per ton) and the Netherlands ($X per ton), while Belgium ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Rendered Pig Fat Imports

Imports in the EU

In 2022, purchases abroad of lard and other pig fat (rendered) increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, rendered pig fat imports surged to $X in 2022. Overall, imports saw a notable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

The Netherlands (X tons), Belgium (X tons), Spain (X tons), France (X tons) and Slovakia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Poland (X tons), committing a X% share of total imports. Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rendered pig fat importing markets in the European Union were the Netherlands ($X), Belgium ($X) and Spain ($X), together accounting for X% of total imports. France, Slovakia, Poland and Germany lagged somewhat behind, together comprising a further X%.

Among the main importing countries, France, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, surging by X% against the previous year. In general, the import price saw a pronounced expansion. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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