Sweden - Pig Fat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPig Fat Price in Sweden - 2023
Contents:
- Pig Fat Price in Sweden (FOB) - 2023
- Pig Fat Price in Sweden (CIF) - 2022
- Pig Fat Exports in Sweden
- Pig Fat Imports in Sweden
Pig Fat Price in Sweden (FOB) - 2023
The average pig fat export price stood at $1,283 per ton in August 2023, waning by -3.5% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in April 2023 an increase of 18% m-o-m. As a result, the export price attained the peak level of $1,625 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 overseas markets. In August 2023, the country with the highest price was Norway ($1,970 per ton), while the average price for exports to the Netherlands ($864 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 Netherlands (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Pig Fat Price in Sweden (CIF) - 2022
The average pig fat import price stood at $3,473 per ton in 2022, declining by -9.9% against the previous year. Over the period under review, the import price, however, saw a slight increase. The growth pace was the most rapid in 2019 when the average import price increased by 158%. Over the period under review, average import prices reached the peak figure at $3,856 per ton in 2021, and then fell in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($3,477 per ton), while the price for Denmark totaled $3,473 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Pig Fat Exports in Sweden
In 2022, approx. 8.9K tons of pig fat were exported from Sweden; growing by 14% on 2021 figures. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, pig fat exports rose rapidly to $8.8M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.3% 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 +87.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Pig Fat in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 2,373 | 2,744 | 2,593 | 4,767 | 26.2% |
| Philippines | N/A | 547 | 2,442 | 1,208 | 48.6% |
| Serbia | N/A | N/A | 357 | 498 | 39.5% |
| Norway | 215 | 915 | 935 | 453 | 28.2% |
| Ukraine | 16.4 | N/A | 59.5 | 416 | 193.8% |
| Singapore | 703 | 203 | 747 | 295 | -25.1% |
| Azerbaijan | N/A | 83.8 | 187 | 250 | 72.7% |
| Netherlands | 184 | 265 | 3.3 | 249 | 10.6% |
| New Zealand | 498 | 190 | 77.0 | 168 | -30.4% |
| Germany | 0.1 | N/A | 125 | 137 | 1010.6% |
| Slovakia | 273 | 218 | N/A | N/A | -20.1% |
| Others | 448 | 496 | 524 | 400 | -3.7% |
| Total | 4,711 | 5,663 | 8,050 | 8,840 | 23.3% |
Top Export Markets for Pig Fat from Sweden in 2022:
- Denmark (5430.0 tons)
- Philippines (1002.0 tons)
- Netherlands (409.0 tons)
- Ukraine (400.0 tons)
- Serbia (363.0 tons)
- Norway (321.0 tons)
- Germany (274.0 tons)
- Azerbaijan (173.0 tons)
- Singapore (165.0 tons)
- New Zealand (93.0 tons)
Pig Fat Imports in Sweden
In 2022, the amount of pig fat imported into Sweden rose sharply to 8.3 tons, increasing by 11% against the previous year. Overall, imports, however, continue to indicate a significant decline.
In value terms, pig fat imports reached $29K in 2022. In general, imports, however, showed a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 17%.
| Import of Pig Fat in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 97.6 | 14.9 | 20.4 | 27.8 | -34.2% |
| Italy | 4.0 | 4.4 | 5.7 | 0.9 | -39.2% |
| Norway | 4.8 | 4.3 | 2.3 | 0.2 | -65.3% |
| Germany | 2.5 | 0.4 | 0.3 | N/A | -65.4% |
| Others | N/A | 0.4 | N/A | N/A | 0% |
| Total | 109 | 24.6 | 28.8 | 28.9 | -35.8% |
Top Suppliers of Pig Fat to Sweden in 2022:
- Denmark (8.0 tons)
- Italy (0.3 tons)
- Norway (0.1 tons)
This report provides an in-depth analysis of the pig fat market in Sweden. 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:
- Sweden
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sweden
- 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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