Scandinavia: Pig Fat Market 2024

Pig Fat Market Size in Scandinavia

In 2022, after four years of growth, there was significant decline in the Scandinavia pig fat market, when its value decreased by X% to $X. Overall, consumption, however, enjoyed temperate growth. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Pig Fat Production in Scandinavia

In value terms, pig fat production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

Pig Fat Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded growth in overseas shipments of pig fat, which increased by X% to X tons in 2022. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, pig fat exports rose rapidly to $X in 2022. In general, exports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Sweden (X tons) was the key exporter of pig fat, comprising X% of total exports. It was distantly followed by Finland (X tons) and Norway (X tons), together comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pig fat exports from Sweden stood at X%. At the same time, Norway (X%) and Finland (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. While the share of Sweden (X p.p.) and Norway (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest pig fat supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, falling by X% against the previous year. In general, the export price showed a pronounced setback. The pace of growth was the most pronounced in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced a decline in the export price figures.

Pig Fat Imports

Imports in Scandinavia

In 2022, approx. X tons of pig fat were imported in Scandinavia; which is down by X% on the year before. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pig fat imports declined notably to $X in 2022. Over the period under review, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Norway dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. Sweden (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pig fat imports into Norway stood at X%. Sweden (X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported pig fat in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports.

In Norway, pig fat imports declined by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Source: IndexBox Platform