EU: Pig Fat Market Overview 2020

Pig Fat Market Size in the EU

The revenue of the pig fat market in the European Union amounted to $X in 2018, jumping by X% against the previous year. The total market indicated a prominent increase from 2007 to 2018: its value 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 consumption increased by +X% against 2008 indices. 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 immediate term.

Pig Fat Production in the EU

In value terms, pig fat production amounted to $X in 2018 estimated in export prices. The total output indicated a strong 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 production increased by +X% against 2015 indices. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, pig fat production attained its maximum level in 2018 and is expected to retain its growth in the near future.

Production By Country in the EU

The countries with the highest volumes of pig fat production in 2018 were the Netherlands (X tonnes), Germany (X tonnes) and Spain (X tonnes), together comprising X% of total production.

From 2007 to 2018, the most notable rate of growth in terms of pig fat production, amongst the main producing countries, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

Pig Fat Exports

Exports in the EU

In 2018, approx. X tonnes of pig fat were exported in the European Union; standing approx. at the previous year. Overall, pig fat exports continue to indicate a relatively flat trend pattern. 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 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, pig fat exports totaled $X in 2018. Over the period under review, pig fat exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. In that year, pig fat exports attained their peak of $X. From 2009 to 2018, the growth of pig fat exports remained at a lower figure.

Exports by Country

In 2018, Germany (X tonnes) was the largest exporter of pig fat, creating X% of total exports. Poland (X tonnes) ranks second in terms of the total exports with a X% share, followed by Spain (X%), the Netherlands (X%), Belgium (X%), Italy (X%) and Denmark (X%).

From 2007 to 2018, average annual rates of growth with regard to pig fat exports from Germany stood at +X%. At the same time, Poland (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter in the European Union, with a CAGR of +X% from 2007-2018. By contrast, the Netherlands (-X%), Belgium (-X%), Spain (-X%), Italy (-X%) and Denmark (-X%) illustrated a downward trend over the same period. Germany (+X p.p.) and Poland (+X p.p.) significantly strengthened its position in terms of the total exports, while Spain, Denmark and Italy saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Spain ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. Italy, Poland, Belgium and Denmark lagged somewhat behind, together comprising a further X the main exporting countries, Poland experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the pig fat export price in the European Union amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the pig fat export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. In that year, the export prices for pig fat attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the export prices for pig fat remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per tonne), while Poland ($X per tonne) was amongst the lowest.

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

Pig Fat Imports

Imports in the EU

In 2018, the amount of pig fat imported in the European Union totaled X tonnes, approximately equating the previous year. Over the period under review, pig fat imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The volume of imports peaked at X tonnes in 2014; however, from 2015 to 2018, imports remained at a lower figure.

In value terms, pig fat imports amounted to $X in 2018. Over the period under review, pig fat imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. The level of imports peaked at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the Netherlands (X tonnes), distantly followed by Germany (X tonnes), France (X tonnes), the Czech Republic (X tonnes), Belgium (X tonnes), Italy (X tonnes), Denmark (X tonnes), Romania (X tonnes) and Hungary (X tonnes) were the main importers of pig fat, together comprising X% of total imports. Bulgaria (X tonnes), Poland (X tonnes) and the UK (X tonnes) followed a long way behind the leaders.

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

In value terms, the Netherlands ($X), France ($X) and Belgium ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports. Germany, Denmark, the Czech Republic, Romania, Hungary, Italy, the UK, Bulgaria and Poland lagged somewhat behind, together accounting for a further X the main importing countries, Denmark recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The pig fat import price in the European Union stood at $X per tonne in 2018, approximately mirroring the previous year. Over the period under review, the pig fat import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% against the previous year. In that year, the import prices for pig fat attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the import prices for pig fat failed to regain its momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Denmark, 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 the the EU?

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Spain (343K tonnes) constituted the country with the largest volume of pig fat consumption, comprising approx. 34% of total volume. Moreover, pig fat consumption in Spain exceeded the figures recorded by the second-largest consumer, Germany (166K tonnes), twofold. France (76K tonnes) ranked third in terms of total consumption with a 7.5% share.

What are the largest producers of pig fat in the the EU?

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The countries with the highest volumes of pig fat production in 2020 were Spain (487K tonnes), Germany (284K tonnes) and Poland (100K tonnes), together comprising 67% of total production. Italy, France, Denmark and the Netherlands lagged somewhat behind, together comprising a further 20%.

What are the leading exporters of pig fat in the the EU?

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In value terms, the largest pig fat supplying countries in the European Union were Spain ($209M), Germany ($126M) and the Netherlands ($75M), with a combined 62% share of total exports.

What are the leading importers of pig fat in the the EU?

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In value terms, the largest pig fat importing markets in the European Union were the Netherlands ($27M), France ($26M) and Belgium ($25M), together accounting for 30% of total imports. These countries were followed by Germany, Romania, Hungary, the Czech Republic, Italy, Lithuania, Poland, Austria, Slovakia and Bulgaria, which together accounted for a further 51%.

What is the average export price for pig fat in the the EU?

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The pig fat export price in the European Union stood at $1,134 per tonne in 2020, rising by 7.8% against the previous year.

What is the average import price for pig fat in the the EU?

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In 2020, the pig fat import price in the European Union amounted to $919 per tonne, approximately reflecting the previous year.

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