South Africa: Pig Fat Market 2020

Pig Fat Market Size in South Africa

The revenue of the pig fat market in South Africa amounted to $X in 2018, flattening at the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by X% year-to-year. Pig fat consumption peaked at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

Pig Fat Production in South Africa

In value terms, pig fat production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, pig fat production attained its peak figure level at $X in 2012; however, from 2013 to 2018, production stood at a somewhat lower figure.

Pig Fat Exports

Exports from South Africa

In 2018, the amount of pig fat exported from South Africa totaled X tons, approximately mirroring the previous year. Over the period under review, pig fat exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Exports peaked at X tons in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, pig fat exports amounted to $X in 2018. Overall, pig fat exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. In that year, pig fat exports reached their peak of $X. From 2012 to 2018, the growth of pig fat exports remained at a somewhat lower figure.

Exports by Country

Namibia (X tons), Angola (X tons) and Botswana (X tons) were the main destinations of pig fat exports from South Africa, together comprising X% 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 Angola (+X% per year), while the other leaders experienced mixed trend patterns.

In value terms, Namibia ($X) remains the key foreign market for pig fat exports from South Africa, comprising X% of total pig fat exports. The second position in the ranking was occupied by Botswana ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Namibia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-X% per year) and Angola (+X% per year).

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, approximately mirroring the previous year. Overall, the pig fat export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Angola ($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 Lesotho, while the prices for the other major destinations experienced mixed trend patterns.

Pig Fat Imports

Imports into South Africa

In 2018, approx. X tons of pig fat were imported into South Africa; going up by X% against the previous year. Overall, pig fat imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Imports peaked 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 buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, pig fat imports attained their maximum in 2018 and are likely to continue its growth in the near future.

Imports by Country

Germany (X tons), Spain (X tons) and Ireland (X tons) were the main suppliers of pig fat imports to South Africa, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Germany, while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and Ireland ($X) constituted the largest pig fat suppliers to South Africa, together comprising X% of total imports.

Germany recorded the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average pig fat import price amounted to $X per ton, flattening at the previous year. In general, the pig fat import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced mixed trend patterns.

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Source: IndexBox Platform