Southern Asia: Pig Fat Market 2020

Pig Fat Market Size in Southern Asia

The revenue of the pig fat market in Southern Asia amounted to $X in 2018, rising by X% against the previous year. The total market indicated a resilient 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 consumption increased by +X% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the pig fat market reached its peak figure level in 2018 and is likely to continue its growth in the immediate term.

Pig Fat Production in Southern Asia

In value terms, pig fat production stood at $X in 2018 estimated in export prices. The total output indicated a strong 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 increased by +X% against 2016 indices. The growth pace was the most rapid in 2009 when production volume increased by X% year-to-year. Over the period under review, pig fat production attained its maximum level in 2018 and is likely to continue its growth in the near future.

Production By Country in Southern Asia

The country with the largest volume of pig fat production was India (X tons), comprising approx. X% of total production. Moreover, pig fat production in India exceeded the figures recorded by the region's second-largest producer, Pakistan (X tons), threefold. The third position in this ranking was occupied by Sri Lanka (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume in India totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: Pakistan (+X% per year) and Sri Lanka (+X% per year).

Pig Fat Exports

Exports in Southern Asia

The exports amounted to X tons in 2018, declining by -X% against the previous year. Over the period under review, pig fat exports continue to indicate a deep curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, pig fat exports reached their maximum at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, pig fat exports amounted to $X in 2018. In general, pig fat exports continue to indicate a drastic deduction. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. In that year, pig fat exports reached their peak of $X. From 2016 to 2018, the growth of pig fat exports remained at a somewhat lower figure.

Exports by Country

India prevails in pig fat exports structure, reaching X tons, which was near X% of total exports in 2018. Pakistan (X kg) ranks second in terms of the total exports with a X% share, followed by Nepal (X%).

From 2007 to 2018, average annual rates of growth with regard to pig fat exports from India stood at -X%. At the same time, Nepal (+X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing exporter in Southern Asia, with a CAGR of +X% from 2007-2018. By contrast, Pakistan (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Nepal increased by +X% percentage points, while Pakistan (-X p.p.) and India (-X p.p.) saw their share reduced.

In value terms, India ($X) remains the largest pig fat supplier in Southern Asia, comprising X% of total pig fat exports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value in India totaled -X%. In the other countries, the average annual rates were as follows: Pakistan (-X% per year) and Nepal (-X% per year).

Export Prices by Country

The pig fat export price in Southern Asia stood at $X per ton in 2018, rising by X% against the previous year. Over the period under review, the pig fat export price continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2009 when the export price increased by X% against the previous year. The level of export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced a decline in the export price figures.

Pig Fat Imports

Imports in Southern Asia

In 2018, the amount of pig fat imported in Southern Asia stood at X tons, going up by X% against the previous year. In general, pig fat imports continue to indicate a skyrocketing increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. The volume of imports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, pig fat imports amounted to $X in 2018. In general, pig fat imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. In that year, pig fat imports reached their peak of $X. From 2016 to 2018, the growth of pig fat imports remained at a lower figure.

Imports by Country

Afghanistan was the largest importer of pig fat in Southern Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2018. It was distantly followed by India (X kg), committing a X% share of total imports. Nepal (X kg) followed a long way behind the leaders.

Afghanistan was also the fastest-growing in terms of the pig fat imports, with a CAGR of +X% from 2007 to 2018. At the same time, India (+X%) displayed positive paces of growth. By contrast, Nepal (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Afghanistan and India increased by +X% and +X% percentage points, while Nepal (-X p.p.) saw their share reduced.

In value terms, India ($X), Afghanistan ($X) and Nepal ($X) were the countries with the highest levels of imports in 2018, together accounting for X% of total imports.

Afghanistan recorded the highest growth rate of imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The pig fat import price in Southern Asia stood at $X per ton in 2018, leveling off at the previous year. Overall, the pig fat import price, however, continues to indicate an abrupt deduction. The most prominent rate of growth was recorded in 2012 when the import price increased by X% against the previous year. The level of import price peaked at $X per ton in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Nepal, while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform