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Estonia - Lard And Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRendered Pig Fat Price in Estonia - 2023
Contents:
- Rendered Pig Fat Price in Estonia (CIF) - 2022
- Rendered Pig Fat Price in Estonia (FOB) - 2022
- Rendered Pig Fat Imports in Estonia
- Rendered Pig Fat Exports in Estonia
Rendered Pig Fat Price in Estonia (CIF) - 2022
In 2022, the average rendered pig fat import price amounted to $1,969 per ton, increasing by 70% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rendered pig fat import price increased by +101.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($11,300 per ton), while the price for Latvia ($1,872 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Rendered Pig Fat Price in Estonia (FOB) - 2022
In 2022, the average rendered pig fat export price amounted to $797 per ton, reducing by -31.5% against the previous year. Over the period under review, the export price, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 85%. The export price peaked at $1,286 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($1,525 per ton), while the average price for exports to Poland ($677 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+13.0%), while the prices for the other major destinations experienced mixed trend patterns.
Rendered Pig Fat Imports in Estonia
In 2022, the amount of lard and other pig fat (rendered) imported into Estonia reduced markedly to 40 tons, declining by -32.5% against the previous year. Overall, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year.
In value terms, rendered pig fat imports soared to $79K in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Rendered Pig Fat in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 59.5 | 44.4 | 53.1 | 72.0 | 6.6% |
Latvia | N/A | N/A | N/A | 5.7 | 0% |
Lithuania | N/A | 25.7 | 0.2 | 1.1 | -79.3% |
Finland | N/A | N/A | 15.3 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 59.5 | 70.1 | 68.5 | 78.8 | 9.8% |
Top Suppliers of Rendered Pig Fat to Estonia in 2022:
- Poland (36.9 tons)
- Latvia (3.0 tons)
- Lithuania (0.1 tons)
Rendered Pig Fat Exports in Estonia
For the fourth year in a row, Estonia recorded growth in overseas shipments of lard and other pig fat (rendered), which increased by 279% to 98 tons in 2022. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, rendered pig fat exports soared to $78K in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 267%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.
Export of Rendered Pig Fat in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | N/A | N/A | 9.2 | 50.7 | 451.1% |
Finland | 1.7 | 14.6 | 16.6 | 17.7 | 118.4% |
Latvia | 3.2 | 3.5 | 4.2 | 9.3 | 42.7% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 4.9 | 18.1 | 29.9 | 77.7 | 151.2% |
Top Export Markets for Rendered Pig Fat from Estonia in 2022:
- Poland (74.9 tons)
- Finland (11.6 tons)
- Latvia (11.0 tons)
This report provides an in-depth analysis of the rendered pig fat market in Estonia. 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 10115060 - Lard and other pig fat, rendered
Country coverage:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- 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
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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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Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t
Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t