Middle East: Pig Fat Market 2020

Pig Fat Market Size in the Middle East

The revenue of the pig fat market in the Middle East amounted to $X in 2018, dropping by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the pig fat market attained its maximum level at $X in 2009; however, from 2010 to 2018, consumption failed to regain its momentum.

Pig Fat Production in the Middle East

In value terms, pig fat production totaled $X in 2018 estimated in export prices. Overall, pig fat production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. In that year, pig fat production attained its peak level of $X. From 2012 to 2018, pig fat production growth remained at a somewhat lower figure.

Production By Country in the Middle East

The countries with the highest volumes of pig fat production in 2018 were Iran (X tons), Turkey (X tons) and Saudi Arabia (X tons), with a combined X% share of total production. These countries were followed by Iraq, Lebanon, the United Arab Emirates and Jordan, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of pig fat production, amongst the main producing countries, was attained by Lebanon, while the other leaders experienced more modest paces of growth.

Pig Fat Exports

Exports in the Middle East

In 2018, the exports of pig fat in the Middle East totaled X tons, rising by X% against the previous year. Overall, pig fat exports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. The volume of exports peaked at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, pig fat exports amounted to $X in 2018. Over the period under review, pig fat exports, however, continue to indicate a drastic reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, pig fat exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the key exporter of pig fat in the Middle East, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2018. Saudi Arabia (X tons) ranks second in terms of the total exports with a X% share, followed by Kuwait (X%).

Exports from Turkey increased at an average annual rate of +X% from 2007 to 2018. At the same time, Kuwait (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter in the Middle East, with a CAGR of +X% from 2007-2018. From 2007 to 2018, the share of Turkey, Saudi Arabia and Kuwait increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pig fat markets in the Middle East were Turkey ($X), Kuwait ($X) and Saudi Arabia ($X), with a combined X% share of total exports.

Among the main exporting countries, Kuwait recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2018, the pig fat export price in the Middle East amounted to $X per ton, going down by -X% against the previous year. Over the period under review, the pig fat export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the export price increased by X% year-to-year. In that year, the export prices for pig fat reached their peak level of $X per ton. From 2010 to 2018, the growth in terms of the export prices for pig fat failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Kuwait ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Kuwait, while the other leaders experienced a decline in the export price figures.

Pig Fat Imports

Imports in the Middle East

In 2018, the imports of pig fat in the Middle East amounted to X tons, jumping by X% against the previous year. Over the period under review, pig fat imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. In that year, pig fat imports reached their peak of X tons. From 2016 to 2018, the growth of pig fat imports remained at a lower figure.

In value terms, pig fat imports stood at $X in 2018. Overall, pig fat imports continue to indicate a temperate deduction. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, pig fat imports attained their maximum at $X in 2011; however, from 2012 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Israel dominates pig fat imports structure, accounting for X tons, which was approx. X% of total imports in 2018. It was distantly followed by Qatar (X tons) and Turkey (X tons), together making up a X% share of total imports. Lebanon (X tons) held a little share of total imports.

Israel was also the fastest-growing in terms of the pig fat imports, with a CAGR of +X% from 2007 to 2018. Turkey and Qatar experienced a relatively flat trend pattern. Lebanon (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Israel increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) constitutes the largest market for imported pig fat in the Middle East, comprising X% of total pig fat imports. The second position in the ranking was occupied by Qatar ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

In Israel, pig fat imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Qatar (+X% per year) and Turkey (-X% per year).

Import Prices by Country

The pig fat import price in the Middle East stood at $X per ton in 2018, declining by -X% against the previous year. Overall, the pig fat import price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by X% y-o-y. In that year, the import prices for pig fat reached their peak level of $X per ton, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Qatar, while the other leaders experienced mixed trends in the import price figures.

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Source: IndexBox Platform