MENA: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in MENA

The MENA's rendered pig fat market reduced remarkably to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a pronounced contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Rendered Pig Fat Production in MENA

In value terms, rendered pig fat production totaled $X in 2022 estimated in export price. The total production indicated measured 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Rendered Pig Fat Exports

Exports in MENA

After two years of growth, overseas shipments of lard and other pig fat (rendered) decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, rendered pig fat exports shrank remarkably to $X in 2022. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of lard and other pig fat (rendered) in MENA, mixing up X% of total export.

Turkey was also the fastest-growing in terms of the lard and other pig fat (rendered) exports, with a CAGR of X% from 2013 to 2022. While the share of Turkey (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest rendered pig fat supplier in MENA.

From 2013 to 2022, the average annual growth rate of value in Turkey totaled X%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, rising by X% against the previous year. In general, the export price showed a remarkable increase. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2013 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Rendered Pig Fat Imports

Imports in MENA

In 2022, approx. X tons of lard and other pig fat (rendered) were imported in MENA; with a decrease of X% on the year before. Overall, imports saw a perceptible descent. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, rendered pig fat imports fell rapidly to $X in 2022. In general, imports continue to indicate a deep slump. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Israel was the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Saudi Arabia (X tons), comprising a X% share of total imports. Tunisia (X tons) and Turkey (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to rendered pig fat imports into Israel stood at X%. At the same time, Saudi Arabia (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) illustrated a downward trend over the same period. While the share of Israel (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X), Saudi Arabia ($X) and Tunisia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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