Romania: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in Romania

The Romanian rendered pig fat market rose to $X in 2022, with an increase of X% against the previous year. In general, consumption faced a abrupt descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Rendered Pig Fat Production in Romania

In value terms, rendered pig fat production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Rendered pig fat production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Rendered Pig Fat Exports

Exports from Romania

In 2022, approx. X tons of lard and other pig fat (rendered) were exported from Romania; waning by X% compared with the year before. Over the period under review, exports showed a pronounced descent. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, rendered pig fat exports reduced to $X in 2022. In general, exports recorded a slight contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Slovakia (X tons), Bulgaria (X tons) and Hungary (X tons) were the main destinations of rendered pig fat exports from Romania, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) remains the key foreign market for lard and other pig fat (rendered) exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bulgaria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Slovakia (X% per year).

Export Prices by Country

The average rendered pig fat export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate slight growth. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rendered Pig Fat Imports

Imports into Romania

In 2022, rendered pig fat imports into Romania soared to X tons, rising by X% against 2021. Over the period under review, imports, however, showed a significant decrease. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, rendered pig fat imports surged to $X in 2022. In general, imports, however, saw a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) was the main rendered pig fat supplier to Romania, with a X% share of total imports. Moreover, rendered pig fat imports from Hungary exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. The third position in this ranking was held by Bulgaria (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Bulgaria (X% per year).

In value terms, Hungary ($X) constituted the largest supplier of lard and other pig fat (rendered) to Romania, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Bulgaria (X% per year).

Import Prices by Country

The average rendered pig fat import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price enjoyed a strong increase. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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