Latin America and the Caribbean: Pig Fat Market 2020

Pig Fat Market Size in Latin America and the Caribbean

The revenue of the pig fat market in Latin America and the Caribbean amounted to $X in 2018, surging by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the pig fat market reached its peak figure level at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

Pig Fat Production in Latin America and the Caribbean

In value terms, pig fat production totaled $X in 2018 estimated in export prices. Overall, pig fat production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, pig fat production reached its peak level and is likely to continue its growth in the immediate term.

Production By Country in Latin America and the Caribbean

The country with the largest volume of pig fat production was Brazil (X tons), comprising approx. X% of total production. Moreover, pig fat production in Brazil exceeded the figures recorded by the region's second-largest producer, Mexico (X tons), twofold. Argentina (X tons) ranked third in terms of total production with a X% share.

In Brazil, pig fat production shrank by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Argentina (+X% per year).

Pig Fat Exports

Exports in Latin America and the Caribbean

In 2018, approx. X tons of pig fat were exported in Latin America and the Caribbean; rising by X% against the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. In that year, pig fat exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, pig fat exports stood at $X in 2018. The total exports indicated a remarkable 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 exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. In that year, pig fat exports attained their peak and are likely to continue its growth in the immediate term.

Exports by Country

Chile prevails in pig fat exports structure, amounting to X tons, which was approx. X% of total exports in 2018. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by Argentina (X%).

Chile was also the fastest-growing in terms of the pig fat exports, with a CAGR of +X% from 2007 to 2018. At the same time, Argentina (+X%) displayed positive paces of growth. By contrast, Brazil (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Chile and Argentina increased by +X% and +X% percentage points, while Brazil (-X p.p.) saw their share reduced.

In value terms, Chile ($X) remains the largest pig fat supplier in Latin America and the Caribbean, comprising X% of total pig fat exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total exports.

In Chile, pig fat exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and Argentina (+X% per year).

Export Prices by Country

In 2018, the pig fat export price in Latin America and the Caribbean amounted to $X per ton, stabilizing at the previous year. The export price indicated a resilient 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 export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the export price increased by X% year-to-year. Over the period under review, the export prices for pig fat reached their peak figure at $X per ton in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, the country with the highest price was Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Pig Fat Imports

Imports in Latin America and the Caribbean

In 2018, the amount of pig fat imported in Latin America and the Caribbean amounted to X tons, going up by X% against the previous year. The total imports indicated a strong 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 most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. The volume of imports peaked at X tons in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, pig fat imports totaled $X in 2018. The total imports 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 imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, pig fat imports reached their peak figure at $X in 2014; however, from 2015 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Mexico dominates pig fat imports structure, reaching X tons, which was near X% of total imports in 2018. It was distantly followed by Uruguay (X tons), achieving a X% share of total imports. The following importers - Chile (X tons), Colombia (X tons) and Aruba (X tons) - each resulted at a X% share of total imports.

Imports into Mexico increased at an average annual rate of +X% from 2007 to 2018. At the same time, Aruba (+X%), Uruguay (+X%) and Chile (+X%) displayed positive paces of growth. Moreover, Aruba emerged as the fastest-growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2018. Colombia experienced a relatively flat trend pattern. While the share of Mexico (+X p.p.), Uruguay (+X p.p.) and Aruba (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported pig fat in Latin America and the Caribbean, comprising X% of total pig fat imports. The second position in the ranking was occupied by Uruguay ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

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

Import Prices by Country

In 2018, the pig fat import price in Latin America and the Caribbean amounted to $X per ton, coming down by -X% against the previous year. Overall, the pig fat import 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. Over the period under review, the import prices for pig fat attained their maximum at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Aruba ($X per ton) and Colombia ($X per ton), while Chile ($X per ton) and Mexico ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform