Northern America: Pig Fat Market Overview 2020

Pig Fat Market Size in Northern America

The revenue of the pig fat market in Northern America amounted to $X in 2018, coming down by -X% against the previous year. In general, pig fat consumption continues to indicate a significant contraction. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. The level of pig fat consumption peaked at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Pig Fat Production in Northern America

In value terms, pig fat production amounted to $X in 2018 estimated in export prices. Overall, pig fat production continues to indicate a measured reduction. The pace of growth appeared the most rapid in 2017 when production volume increased by X% year-to-year. The level of pig fat production peaked at $X in 2007; however, from 2008 to 2018, production failed to regain its momentum.

Production By Country in Northern America

The country with the largest volume of pig fat production was the U.S. (X tonnes), accounting for X% of total production.

In the U.S., pig fat production contracted by an average annual rate of -X% over the period from 2007-2018.

Pig Fat Exports

Exports in Northern America

In 2018, the pig fat exports in Northern America stood at X tonnes, picking up by X% against the previous year. Overall, pig fat exports continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, pig fat exports attained their maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, pig fat exports amounted to $X in 2018. Overall, pig fat exports continue to indicate a tangible expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. Over the period under review, pig fat exports reached their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, the U.S. (X tonnes) represented the key exporters of pig fat in Northern America, constituting X% of total export.

The U.S. was also the fastest-growing in terms of the pig fat exports, with a CAGR of +X% from 2007 to 2018. From 2007 to 2018, the share of the U.S. increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) also remains the largest pig fat supplier in Northern America.

In the U.S., pig fat exports expanded at an average annual rate of +X% over the period from 2007-2018.

Export Prices by Country

The pig fat export price in Northern America stood at $X per tonne in 2018, remaining constant against the previous year. In general, the pig fat export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 when the export price increased by X% y-o-y. Over the period under review, the export prices for pig fat attained their peak figure at $X per tonne in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

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

From 2007 to 2018, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Pig Fat Imports

Imports in Northern America

In 2018, approx. X tonnes of pig fat were imported in Northern America; growing by X% against the previous year. In general, pig fat imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, pig fat imports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

In value terms, pig fat imports stood at $X in 2018. In general, pig fat imports continue to indicate strong growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, pig fat imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

The U.S. prevails in pig fat imports structure, finishing at X tonnes, which was near X% of total imports in 2018. It was distantly followed by Canada (X tonnes), constituting a X% share of total imports.

The U.S. was also the fastest-growing in terms of the pig fat imports, with a CAGR of +X% from 2007 to 2018. At the same time, Canada (+X%) displayed positive paces of growth. While the share of the U.S. (+X p.p.) and Canada (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported pig fat in Northern America, comprising X% of total pig fat imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

In the U.S., pig fat imports increased at an average annual rate of +X% over the period from 2007-2018.

Import Prices by Country

The pig fat import price in Northern America stood at $X per tonne in 2018, falling by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The level of import price peaked at $X per tonne in 2009; however, from 2010 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while Canada amounted to $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform