Serbia - Lard And Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingRendered Pig Fat Price in Serbia - 2023
Contents:
- Rendered Pig Fat Price in Serbia (CIF) - 2023
- Rendered Pig Fat Price in Serbia (FOB) - 2022
- Rendered Pig Fat Imports in Serbia
- Rendered Pig Fat Exports in Serbia
Rendered Pig Fat Price in Serbia (CIF) - 2023
In October 2023, the average rendered pig fat import price amounted to $1,769 per ton, growing by 6.1% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $1,902 per ton in December 2022; however, from January 2023 to October 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Montenegro ($2,099 per ton), while the price for Italy stood at $1,744 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Montenegro (+2.5%).
Rendered Pig Fat Price in Serbia (FOB) - 2022
In 2022, the average rendered pig fat export price amounted to $1,633 per ton, rising by 21% against the previous year. Overall, the export price saw a strong increase. The growth pace was the most rapid in 2016 when the average export price increased by 73%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($1,780 per ton), while the average price for exports to Montenegro ($1,629 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 Hungary (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.
Rendered Pig Fat Imports in Serbia
In 2022, purchases abroad of lard and other pig fat (rendered) decreased by -15.9% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +27.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. As a result, imports reached the peak of 2.3K tons, and then contracted sharply in the following year.
In value terms, rendered pig fat imports declined to $3.6M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 117% against the previous year. As a result, imports attained the peak of $3.6M, and then reduced slightly in the following year.
| Import of Rendered Pig Fat in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.5 | 1.6 | 3.5 | 3.5 | 32.6% |
| Montenegro | N/A | N/A | N/A | 0.1 | 0% |
| Slovakia | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.6 | 1.7 | 3.6 | 3.6 | 31.0% |
Top Suppliers of Rendered Pig Fat to Serbia in 2022:
- Italy (1849.9 tons)
- Montenegro (30.8 tons)
- Slovakia (24.5 tons)
Rendered Pig Fat Exports in Serbia
After three years of growth, shipments abroad of lard and other pig fat (rendered) decreased by -36% to 124 tons in 2022. Overall, exports saw a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, the exports attained the peak of 194 tons, and then shrank notably in the following year.
In value terms, rendered pig fat exports fell notably to $203K in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. As a result, the exports reached the peak of $262K, and then declined markedly in the following year.
| Export of Rendered Pig Fat in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 89.7 | 60.8 | 102 | 149 | 18.4% |
| Bosnia and Herzegovina | 91.2 | 121 | 77.2 | 51.3 | -17.5% |
| Bulgaria | N/A | 12.8 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | 81.3 | N/A | 0% |
| Others | N/A | 0.1 | 2.4 | 3.4 | 483.1% |
| Total | 181 | 195 | 262 | 203 | 3.9% |
Top Export Markets for Rendered Pig Fat from Serbia in 2022:
- Montenegro (91.2 tons)
- Bosnia and Herzegovina (31.4 tons)
This report provides an in-depth analysis of the rendered pig fat market in Serbia. 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:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
102
This report provides an in-depth analysis of the rendered pig fat market in Serbia.
379
This report provides an in-depth analysis of the lard market in Serbia.
628
This report provides an in-depth analysis of the global rendered pig fat market.
2741
This report provides an in-depth analysis of the global lard market.
883
Global Poultry Fat Market Report 2018. This report provides an in-depth analysis of the global poultry fat market.
102
This report provides an in-depth analysis of the rendered pig fat market in Serbia.
379
This report provides an in-depth analysis of the lard market in Serbia.
628
This report provides an in-depth analysis of the global rendered pig fat market.
2741
This report provides an in-depth analysis of the global lard market.
703
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.
4050
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
3907
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2279
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
703
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.
4050
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
3907
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2279
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
