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Italy - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Fat Price in Italy - 2023
Contents:
- Pig Fat Price in Italy (FOB) - 2023
- Pig Fat Price in Italy (CIF) - 2023
- Pig Fat Exports in Italy
- Pig Fat Imports in Italy
Pig Fat Price in Italy (FOB) - 2023
The average pig fat export price stood at $1,452 per ton in August 2023, dropping by -3.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 14% against the previous month. As a result, the export price reached the peak level of $1,832 per ton. From May 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Hungary ($2,598 per ton), while the average price for exports to Bulgaria ($1,065 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 Czech Republic (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Pig Fat Price in Italy (CIF) - 2023
In July 2023, the average pig fat import price amounted to $1,123 per ton, with a decrease of -12.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in March 2023 an increase of 31% m-o-m. Over the period under review, average import prices attained the maximum at $1,280 per ton in June 2023, and then dropped in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($2,125 per ton), while the price for Croatia ($356 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 Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Pig Fat Exports in Italy
For the third year in a row, Italy recorded decline in shipments abroad of pig fat, which decreased by -12.2% to 42K tons in 2022. Over the period under review, exports showed a abrupt decrease. The smallest decline of -2.6% was in 2021.
In value terms, pig fat exports declined to $55M in 2022. Overall, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by 9.1%. As a result, the exports reached the peak of $64M, and then declined in the following year.
Export of Pig Fat in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 13.5 | 11.3 | 12.6 | 14.5 | 2.4% |
Belgium | 11.2 | 10.5 | 11.6 | 11.0 | -0.6% |
Austria | 2.7 | 3.3 | 2.7 | 4.7 | 20.3% |
Romania | 2.8 | 2.2 | 1.2 | 3.9 | 11.7% |
Spain | 2.3 | 2.3 | 2.2 | 3.7 | 17.2% |
Czech Republic | 3.9 | 2.7 | 2.1 | 3.2 | -6.4% |
Hungary | 1.7 | 1.1 | 2.5 | 3.0 | 20.8% |
Bulgaria | 2.0 | 0.9 | 1.0 | 2.0 | 0.0% |
Netherlands | 2.8 | 0.5 | 0.1 | 1.9 | -12.1% |
Armenia | 2.0 | 2.1 | 1.8 | 1.7 | -5.3% |
Georgia | 1.2 | 0.4 | 0.6 | 1.4 | 5.3% |
Japan | 3.0 | 1.9 | 1.0 | N/A | -42.3% |
Philippines | 1.4 | 0.8 | 1.0 | N/A | -15.5% |
Others | 9.4 | 18.6 | 23.5 | 4.4 | -22.4% |
Total | 59.7 | 58.6 | 63.9 | 55.4 | -2.5% |
Top Export Markets for Pig Fat from Italy in 2022:
- Japan (undefinedK tons)
- France (11.1K tons)
- Belgium (8.7K tons)
- Austria (3.4K tons)
- Romania (3.0K tons)
- Spain (3.0K tons)
- Czech Republic (2.9K tons)
- Hungary (1.6K tons)
- Bulgaria (1.6K tons)
- Netherlands (1.5K tons)
- Armenia (1.2K tons)
- Georgia (1.0K tons)
Pig Fat Imports in Italy
After three years of growth, purchases abroad of pig fat decreased by -38.7% to 19K tons in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 34%. As a result, imports reached the peak of 32K tons, and then declined rapidly in the following year.
In value terms, pig fat imports contracted dramatically to $17M in 2022. In general, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 93%. As a result, imports attained the peak of $25M, and then shrank dramatically in the following year.
Import of Pig Fat in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 3.6 | 6.0 | 10.3 | 8.1 | 31.0% |
Austria | 2.2 | 2.4 | 4.7 | 4.6 | 27.9% |
Hungary | 1.2 | 1.7 | 2.7 | 1.8 | 14.5% |
Belgium | N/A | N/A | 0.2 | 0.4 | 100.0% |
Germany | 1.7 | 1.7 | 2.7 | 0.3 | -43.9% |
Denmark | 0.1 | 0.1 | 1.1 | 0.2 | 26.0% |
Croatia | N/A | N/A | N/A | 0.1 | 0% |
Others | 0.7 | 0.9 | 3.3 | 1.2 | 19.7% |
Total | 9.7 | 13.0 | 25.0 | 16.7 | 19.9% |
Top Suppliers of Pig Fat to Italy in 2022:
- Spain (9.5K tons)
- Austria (5.3K tons)
- Hungary (2.5K tons)
- Belgium (0.4K tons)
- Croatia (0.3K tons)
- Denmark (0.2K tons)
- Germany (0.2K tons)
This report provides an in-depth analysis of the pig fat market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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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