Thailand: Pig Fat Market 2020

Pig Fat Market Size in Thailand

The revenue of the pig fat market in Thailand amounted to $X in 2018, remaining stable against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the pig fat market reached its maximum level at $X in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.

Pig Fat Production in Thailand

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Overall, pig fat production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. In that year, pig fat production reached its peak level and is likely to continue its growth in the immediate term.

Pig Fat Exports

Exports from Thailand

In 2018, the pig fat exports from Thailand amounted to X tons, declining by -X% against the previous year. Over the period under review, pig fat exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Exports peaked at X tons in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, pig fat exports amounted to $X in 2018. In general, pig fat exports continue to indicate outstanding growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Exports peaked at $X in 2016; however, from 2017 to 2018, exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for pig fat exports from Thailand, accounting for a X% share of total exports. Moreover, pig fat exports to Myanmar exceeded the volume sent to the second major destination, Nepal (X tons), tenfold.

From 2007 to 2018, the average annual growth rate of volume to Myanmar stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+X% per year) and Sweden (+X% per year).

In value terms, Myanmar ($X) remains the key foreign market for pig fat exports from Thailand, comprising X% of total pig fat exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total exports.

From 2007 to 2018, the average annual rate of growth in terms of value to Myanmar amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and Nepal (+X% per year).

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, surging by X% against the previous year. Over the period under review, the pig fat export price continues to indicate extraordinary growth. The growth pace was the most rapid in 2018 an increase of X% year-to-year. In that year, the average export prices for pig fat reached their peak level and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Sweden ($X per ton), while the average price for exports to Myanmar ($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 Nepal, while the prices for the other major destinations experienced more modest paces of growth.

Pig Fat Imports

Imports into Thailand

In 2018, the pig fat imports into Thailand amounted to X tons, shrinking by -X% against the previous year. Over the period under review, pig fat imports continue to indicate a deep shrinkage. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. In that year, pig fat imports reached their peak of X tons. From 2013 to 2018, the growth of pig fat imports failed to regain its momentum.

In value terms, pig fat imports amounted to $X in 2018. In general, pig fat imports continue to indicate a drastic contraction. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. Over the period under review, pig fat imports attained their maximum at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Italy (X tons) and Ireland (X tons) were the main suppliers of pig fat imports to Thailand.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Italy, while the other leaders experienced mixed trend patterns.

In value terms, the largest pig fat suppliers to Thailand were the Netherlands ($X), Ireland ($X) and Italy ($X recorded the highest growth rate of imports, among the main suppliers over the last eleven years, while the other leaders experienced mixed trend patterns.

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, rising by X% against the previous year. Over the period under review, the pig fat import price, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2011 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 stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Ireland ($X per ton), while the price for Spain ($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 a decline.

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Source: IndexBox Platform