Norway: Pig Fat Market 2020

Pig Fat Market Size in Norway

The revenue of the pig fat market in Norway amounted to $X in 2018, picking up by X% against the previous year. In general, pig fat consumption continues to indicate slight growth. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. In that year, the pig fat market reached its peak level of $X. From 2009 to 2018, the growth of the pig fat market failed to regain its momentum.

Pig Fat Production in Norway

In value terms, pig fat production amounted to $X in 2018 estimated in export prices. Over the period under review, the total output indicated a mild 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 production decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2009 when production volume increased by X% year-to-year. Pig fat production peaked at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Pig Fat Exports

Exports from Norway

In 2018, the amount of pig fat exported from Norway stood at X tons, jumping by X% against the previous year. Over the period under review, pig fat exports, however, continue to indicate an abrupt reduction. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, pig fat exports attained their maximum at X tons in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, pig fat exports stood at $X in 2018. Over the period under review, pig fat exports, however, continue to indicate an abrupt descent. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. In that year, pig fat exports reached their peak of $X. From 2013 to 2018, the growth of pig fat exports remained at a lower figure.

Exports by Country

Denmark (X tons), Ukraine (X tons) and Georgia (X tons) were the main destinations of pig fat exports from Norway, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Georgia, while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) remains the key foreign market for pig fat exports from Norway, comprising X% of total pig fat exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value to Denmark totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+X% per year) and Georgia (+X% per year).

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, declining by -X% against the previous year. Overall, the pig fat export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Denmark ($X per ton), while the average price for exports to Georgia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Norway

Pig fat imports into Norway amounted to X tons in 2018, coming down by -X% against the previous year. In general, pig fat imports continue to indicate a pronounced deduction. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Over the period under review, pig fat imports reached their maximum at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, pig fat imports stood at $X in 2018. Overall, pig fat imports continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Denmark (X tons) constituted the largest supplier of pig fat to Norway, accounting for a X% share of total imports. Moreover, pig fat imports from Denmark exceeded the figures recorded by the second-largest supplier, Sweden (X tons), sixfold. Finland (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Denmark totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-X% per year) and Finland (-X% per year).

In value terms, Denmark ($X) constituted the largest supplier of pig fat to Norway, comprising X% of total pig fat imports. The second position in the ranking was occupied by Finland ($X), with a X% share of total imports. It was followed by Sweden, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Denmark stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-X% per year) and Sweden (-X% per year).

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, picking up by X% against the previous year. Overall, the pig fat import price, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2018 an increase of X% year-to-year. The import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Finland ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Finland, while the prices for the other major suppliers experienced a decline.

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Source: IndexBox Platform