Middle East: Rendered Pig Fat Market Overview 2020

Rendered Pig Fat Market Size in Middle East

The revenue of the rendered pig fat market in Middle East amounted to $X in 2017, coming up by X% against the previous year. The rendered pig fat consumption continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2015, with an increase of X% y-o-y. The level of rendered pig fat consumption peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Rendered Pig Fat Production in Middle East

In 2017, production of lard and other pig fat (rendered) in Middle East amounted to X tonnes, coming up by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014, with an increase of X% year-to-year. Over the period under review, the rendered pig fat production reached its peak figure volume in 2017, and is expected to retain its growth in the near future.

Rendered Pig Fat Exports in Middle East

In 2017, the amount of lard and other pig fat (rendered) exported in Middle East stood at X tonnes, going down by -X% against the previous year. The rendered pig fat exports continue to indicate a drastic decrease. The growth pace was the most rapid in 2013, with an increase of -X% y-o-y. Over the period under review, the rendered pig fat exports reached its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, rendered pig fat exports totaled $X in 2017. The rendered pig fat exports continue to indicate a drastic drop. Over the period under review, the rendered pig fat exports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Rendered Pig Fat Exports by Country in Middle East

Turkey was the largest exporter of lard and other pig fat (rendered) in Middle East, with the volume of exports amounting to X tonnes, which was near X% of total exports in 2017. It was distantly followed by the United Arab Emirates (X tonnes), committing X% share of total exports.

Turkey was also the fastest growing in terms of the lard and other pig fat (rendered) exports, with a CAGR of -X% from 2007 to 2017. the United Arab Emirates (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the United Arab Emirates and Turkey increased by X% and X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest rendered pig fat supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports.

In Turkey, rendered pig fat exports remained relatively stable over the period from 2007-2017.

Rendered Pig Fat Export Prices by Country in Middle East

The rendered pig fat export price in Middle East stood at $X per tonne in 2017, picking up by X% against the previous year. The export price indicated a prominent expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rendered pig fat export price increased by +X% against 2008 indices. The pace of growth was the most pronounced in 2015, an increase of X% against the previous year. Over the period under review, the export prices for lard and other pig fat (rendered) reached its peak figure level in 2017, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Turkey ($X per tonne), while the United Arab Emirates ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year).

Rendered Pig Fat Imports in Middle East

The imports totaled X tonnes in 2017, dropping by -X% against the previous year. The rendered pig fat imports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2015, with an increase of X% y-o-y. Over the period under review, the rendered pig fat imports reached its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, rendered pig fat imports totaled $X in 2017. The rendered pig fat imports continue to indicate an abrupt curtailment. Over the period under review, the rendered pig fat imports reached its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Rendered Pig Fat Imports by Country in Middle East

Israel prevails in rendered pig fat imports structure, accounting for X tonnes, which was near X% of total imports in 2017. Turkey (X tonnes) took a X% share (based on tonnes) of total imports, which put it in second place, followed by the United Arab Emirates (X%).

Imports into Israel decreased at an average annual rate of -X% from 2007 to 2017. the United Arab Emirates (-X%) and Turkey (-X%) illustrated a downward trend over the same period. While the share of Israel (X%), Turkey (X%) and the United Arab Emirates (X%) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported lard and other pig fat (rendered) in Middle East, making up X% of global imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

In Israel, rendered pig fat imports declined by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Turkey (-X% per year) and the United Arab Emirates (-X% per year).

Rendered Pig Fat Import Prices by Country in Middle East

The rendered pig fat import price in Middle East stood at $X per tonne in 2017, lowering by -X% against the previous year. The import price indicated a conspicuous growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the rendered pig fat import price decreased by -X% against 2012 indices. The pace of growth appeared the most rapid in 2008, an increase of X% against the previous year. The level of import price peaked of $X per tonne in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Turkey ($X per tonne), while Israel ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Turkey (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform