Japan: Pig Fat Market 2020

Pig Fat Market Size in Japan

The revenue of the pig fat market in Japan amounted to $X in 2018, leveling off at the previous year. Overall, pig fat consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the pig fat market attained its maximum level at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Pig Fat Production in Japan

In value terms, pig fat production stood at $X in 2018 estimated in export prices. In general, pig fat production continues to indicate a drastic reduction. The growth pace was the most rapid in 2017 when production volume increased by X% against the previous year. Pig fat production peaked at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Pig Fat Exports

Exports from Japan

In 2018, the pig fat exports from Japan totaled X kg, picking up by X% against the previous year. Overall, pig fat exports continue to indicate outstanding growth. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Exports peaked at X tons in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, pig fat exports stood at $X in 2018. Over the period under review, pig fat exports continue to indicate a skyrocketing increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. In that year, pig fat exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

China, Hong Kong SAR (X kg) was the main destination for pig fat exports from Japan, accounting for a X% share of total exports. Moreover, pig fat exports to China, Hong Kong SAR exceeded the volume sent to the second major destination, Taiwan, Chinese (X kg), threefold.

From 2007 to 2018, the average annual rate of growth in terms of volume to China, Hong Kong SAR stood at +X%.

In value terms, China, Hong Kong SAR ($X) remains the key foreign market for pig fat exports from Japan, comprising X% of total pig fat exports. The second position in the ranking was occupied by Taiwan, Chinese ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to China, Hong Kong SAR amounted to +X%.

Export Prices by Country

In 2018, the average pig fat export price amounted to $X per ton, growing by X% against the previous year. Overall, the pig fat export price, however, continues to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2018, the country with the highest price was Taiwan, Chinese ($X per ton), while the average price for exports to China, Hong Kong SAR totaled $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to China, Hong Kong SAR.

Pig Fat Imports

Imports into Japan

In 2018, approx. X tons of pig fat were imported into Japan; picking up by X% against the previous year. Overall, pig fat imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. In that year, pig fat imports attained their peak of X tons. From 2009 to 2018, the growth of pig fat imports failed to regain its momentum.

In value terms, pig fat imports stood at $X in 2018. Overall, pig fat imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Imports peaked in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

In 2018, Canada (X tons) constituted the largest supplier of pig fat to Japan, accounting for a X% share of total imports. Moreover, pig fat imports from Canada exceeded the figures recorded by the second-largest supplier, the U.S. (X tons), eightfold. The third position in this ranking was occupied by Mexico (X tons), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Mexico (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of pig fat to Japan, comprising X% of total pig fat imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Mexico (+X% per year).

Import Prices by Country

The average pig fat import price stood at $X per ton in 2018, jumping by X% against the previous year. Overall, the import price indicated a notable increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. 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 2015 indices. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

Average prices varied somewhat amongst the major supplying countries. In 2018, the highest prices were recorded for prices from Mexico ($X per ton) and Canada ($X per ton), while the price for Spain ($X per ton) and Denmark ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform