Slovenia: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in Slovenia

After three years of growth, the Slovene rendered pig fat market decreased by X% to $X in 2022. Over the period under review, consumption, however, saw a strong increase. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Rendered Pig Fat Production in Slovenia

In value terms, rendered pig fat production surged to $X in 2022 estimated in export price. In general, production, however, recorded significant growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Rendered pig fat production peaked in 2022 and is likely to continue growth in the near future.

Rendered Pig Fat Exports

Exports from Slovenia

After two years of growth, shipments abroad of lard and other pig fat (rendered) decreased by X% to X tons in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, rendered pig fat exports rose sharply to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Serbia (X tons) was the main destination for rendered pig fat exports from Slovenia, accounting for a X% share of total exports. Moreover, rendered pig fat exports to Serbia exceeded the volume sent to the second major destination, Italy (X tons), fivefold. The third position in this ranking was held by Slovakia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Slovakia (X% per year).

In value terms, Serbia ($X) remains the key foreign market for lard and other pig fat (rendered) exports from Slovenia, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Croatia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Serbia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Croatia (X% per year).

Export Prices by Country

In 2022, the average rendered pig fat export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Slovakia ($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 Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rendered Pig Fat Imports

Imports into Slovenia

In 2022, rendered pig fat imports into Slovenia reduced rapidly to X tons, with a decrease of X% on 2021 figures. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, rendered pig fat imports shrank dramatically to $X in 2022. In general, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Croatia (X tons), Romania (X tons) and Germany (X tons) were the main suppliers of rendered pig fat imports to Slovenia, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Croatia ($X) appeared to be the largest rendered pig fat suppliers to Slovenia, together accounting for X% of total imports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rendered pig fat import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Austria ($X per ton), while the price for Croatia ($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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