United Kingdom: Pig Fat Market 2020

Pig Fat Market Size in the UK

The revenue of the pig fat market in the UK amounted to $X in 2018, going down by -X% against the previous year. Overall, pig fat consumption, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. In that year, the pig fat market reached its peak level of $X. From 2009 to 2018, the growth of the pig fat market failed to regain its momentum.

Pig Fat Production in the UK

In value terms, pig fat production stood at $X in 2018 estimated in export prices. Overall, pig fat production, however, continues to indicate an abrupt reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, pig fat production reached its maximum level at $X in 2008; however, from 2009 to 2018, production remained at a lower figure.

Pig Fat Exports

Exports from the UK

In 2018, approx. X tons of pig fat were exported from the UK; surging by X% against the previous year. Over the period under review, pig fat exports continue to indicate a strong increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. In that year, pig fat exports reached their peak of X tons. From 2016 to 2018, the growth of pig fat exports failed to regain its momentum.

In value terms, pig fat exports stood at $X in 2018. In general, pig fat exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. In that year, pig fat exports reached their peak of $X. From 2013 to 2018, the growth of pig fat exports failed to regain its momentum.

Exports by Country

Belgium (X tons) was the main destination for pig fat exports from the UK, accounting for a X% share of total exports. Moreover, pig fat exports to Belgium exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was occupied by France (X tons), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Belgium totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and France (+X% per year).

In value terms, the largest markets for pig fat exported from the UK were Belgium ($X), Italy ($X) and the Netherlands ($X), together comprising X% of total exports.

Italy (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pig fat export price stood at $X per ton in 2018, falling by -X% against the previous year. In general, the pig fat export price continues to indicate a drastic drop. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. Over the period under review, the average export prices for pig fat attained their peak figure at $X per ton in 2007; however, from 2008 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Ireland ($X per ton), while the average price for exports to Belgium ($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 Ireland, while the prices for the other major destinations experienced a decline.

Pig Fat Imports

Imports into the UK

In 2018, the imports of pig fat into the UK amounted to X tons, jumping by X% against the previous year. Over the period under review, pig fat imports, however, continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, pig fat imports stood at $X in 2018. Over the period under review, pig fat imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Ireland (X tons) and Denmark (X tons) were the main suppliers of pig fat imports to the UK, together comprising X% of total imports. These countries were followed by Spain, Belgium, France and the Netherlands, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Spain, while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Germany ($X) and Spain ($X) appeared to be the largest pig fat suppliers to the UK, with a combined X% share of total imports.

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

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, waning by -X% against the previous year. Overall, the import price indicated moderate growth from 2007 to 2018: its price 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 import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. The import price peaked at $X per ton in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform