South-Eastern Asia: Pig Fat Market 2020

Pig Fat Market Size in South-Eastern Asia

The revenue of the pig fat market in South-Eastern Asia amounted to $X in 2018, rising by X% against the previous year. The total market indicated a remarkable expansion 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 pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. The level of pig fat consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Pig Fat Production in South-Eastern Asia

In value terms, pig fat production totaled $X in 2018 estimated in export prices. The total output indicated buoyant growth from 2007 to 2018: its value 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 production increased by +X% against 2013 indices. The pace of growth was the most pronounced in 2017 when production volume increased by X% against the previous year. Over the period under review, pig fat production reached its maximum level in 2018 and is likely to see steady growth in the immediate term.

Production By Country in South-Eastern Asia

The country with the largest volume of pig fat production was Indonesia (X tons), comprising approx. X% of total production. Moreover, pig fat production in Indonesia exceeded the figures recorded by the region's second-largest producer, Thailand (X tons), threefold. Vietnam (X tons) ranked third in terms of total production with a X% share.

In Indonesia, pig fat production expanded at an average annual rate of +X% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+X% per year) and Vietnam (-X% per year).

Pig Fat Exports

Exports in South-Eastern Asia

In 2018, the amount of pig fat exported in South-Eastern Asia amounted to X tons, falling by -X% against the previous year. In general, pig fat exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. The volume of exports peaked at X tons in 2014; however, from 2015 to 2018, exports remained at a lower figure.

In value terms, pig fat exports totaled $X in 2018. Overall, pig fat exports continue to indicate noticeable growth. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, pig fat exports attained their maximum at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Singapore was the main exporter of pig fat in South-Eastern Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2018. It was distantly followed by Malaysia (X tons) and Thailand (X tons), together committing a X% share of total exports. Vietnam (X kg) occupied a little share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Singapore, while the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports.

Singapore recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the pig fat export price in South-Eastern Asia amounted to $X per ton, going up by X% against the previous year. In general, the pig fat export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. In that year, the export prices for pig fat attained their peak level and is likely to continue its growth in the immediate term.

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

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

Pig Fat Imports

Imports in South-Eastern Asia

In 2018, the amount of pig fat imported in South-Eastern Asia amounted to X tons, picking up by X% against the previous year. Over the period under review, pig fat imports continue to indicate remarkable growth. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. The volume of imports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, pig fat imports amounted to $X in 2018. Over the period under review, pig fat imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

The Philippines dominates pig fat imports structure, finishing at X tons, which was near X% of total imports in 2018. Vietnam (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to pig fat imports into the Philippines stood at +X%. At the same time, Vietnam (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer in South-Eastern Asia, with a CAGR of +X% from 2007-2018. While the share of the Philippines (+X p.p.) and Vietnam (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported pig fat in South-Eastern Asia, comprising X% of total pig fat imports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total imports.

In the Philippines, pig fat imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Singapore (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2018, the pig fat import price in South-Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the import price increased by X% y-o-y. The level of import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, the country with the highest price was the Philippines ($X per ton), while Vietnam ($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 Philippines, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform