Belgium - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Fat Price in Belgium - 2023
Contents:
- Pig Fat Price in Belgium (CIF) - 2023
- Pig Fat Price in Belgium (FOB) - 2023
- Pig Fat Imports in Belgium
- Pig Fat Exports in Belgium
Pig Fat Price in Belgium (CIF) - 2023
The average pig fat import price stood at $1,070 per ton in July 2023, declining by -12.5% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 108% month-to-month. Over the period under review, average import prices hit record highs at $1,302 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($1,497 per ton), while the price for Germany ($612 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.7%), while the prices for the other major suppliers experienced a decline.
Pig Fat Price in Belgium (FOB) - 2023
The average pig fat export price stood at $1,707 per ton in August 2023, falling by -7.2% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 6.4% against the previous month. The export price peaked at $2,020 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($2,574 per ton), while the average price for exports to the Netherlands ($962 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Pig Fat Imports in Belgium
In 2022, supplies from abroad of pig fat decreased by -6.4% to 31K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when imports increased by 9.8% against the previous year. As a result, imports reached the peak of 37K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, pig fat imports stood at $35M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Pig Fat in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 11.6 | 10.9 | 14.8 | 13.1 | 4.1% |
Germany | 5.6 | 6.7 | 7.3 | 10.8 | 24.5% |
Netherlands | 4.4 | 5.6 | 6.0 | 6.0 | 10.9% |
France | 1.4 | 2.3 | 4.4 | 3.7 | 38.3% |
Others | 0.8 | 0.4 | 0.8 | 1.0 | 7.7% |
Total | 23.8 | 25.8 | 33.2 | 34.6 | 13.3% |
Top Suppliers of Pig Fat to Belgium in 2022:
- Germany (14.0K tons)
- Italy (10.6K tons)
- Netherlands (4.6K tons)
- France (1.7K tons)
Pig Fat Exports in Belgium
In 2022, overseas shipments of pig fat decreased by -4.8% to 19K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. As a result, the exports reached the peak of 21K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, pig fat exports rose markedly to $29M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +86.5% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 51% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Export of Pig Fat in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 2.3 | 7.4 | 8.3 | 7.5 | 48.3% |
Netherlands | 4.1 | 5.1 | 4.8 | 6.3 | 15.4% |
Germany | 1.6 | 2.1 | 2.6 | 3.2 | 26.0% |
United Kingdom | 1.1 | 0.9 | 1.6 | 2.7 | 34.9% |
Philippines | N/A | 0.3 | 2.9 | 1.3 | 108.2% |
Vietnam | 0.5 | 1.7 | 0.8 | 1.2 | 33.9% |
Spain | 0.7 | 1.6 | 2.0 | 1.2 | 19.7% |
Italy | N/A | 0.4 | 0.4 | 0.7 | 32.3% |
Czech Republic | 0.6 | 0.6 | 0.3 | 0.6 | 0.0% |
Denmark | 0.4 | 0.8 | 0.9 | 0.5 | 7.7% |
Austria | N/A | 0.2 | 0.1 | 0.5 | 58.1% |
Slovakia | 0.4 | 0.3 | 0.1 | 0.5 | 7.7% |
Poland | 0.3 | 0.1 | N/A | 0.3 | 0.0% |
Others | 3.2 | 1.9 | 2.0 | 2.1 | -13.1% |
Total | 15.4 | 23.3 | 26.9 | 28.6 | 22.9% |
Top Export Markets for Pig Fat from Belgium in 2022:
- Netherlands (6.6K tons)
- France (3.2K tons)
- United Kingdom (1.8K tons)
- Germany (1.6K tons)
- Philippines (1.0K tons)
- Vietnam (0.8K tons)
- Italy (0.7K tons)
- Denmark (0.5K tons)
- Spain (0.5K tons)
- Czech Republic (0.4K tons)
- Slovakia (0.4K tons)
- Austria (0.3K tons)
- Poland (0.3K tons)
This report provides an in-depth analysis of the pig fat market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10115040 - Pig fat free of lean meat, fresh, chilled, frozen, salted, in brine or smoked (excluding rendered)
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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