Report Update May 1, 2024

Bulgaria - Lard and Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Rendered Pig Fat Market 2024

Rendered Pig Fat Market Size in Bulgaria

The Bulgarian rendered pig fat market rose modestly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Rendered Pig Fat Production in Bulgaria

In value terms, rendered pig fat production contracted slightly to $X in 2022 estimated in export price. In general, production showed a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X%. Rendered pig fat production peaked at $X in 2021, and then shrank slightly in the following year.

Rendered Pig Fat Exports

Exports from Bulgaria

In 2022, shipments abroad of lard and other pig fat (rendered) increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, rendered pig fat exports soared to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Greece (X tons) was the main destination for rendered pig fat exports from Bulgaria, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece stood at X%.

In value terms, Greece ($X) also remains the key foreign market for lard and other pig fat (rendered) exports from Bulgaria.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece amounted to X%.

Export Prices by Country

The average rendered pig fat export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a abrupt decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Greece.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to X% per year.

Rendered Pig Fat Imports

Imports into Bulgaria

In 2022, purchases abroad of lard and other pig fat (rendered) increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, rendered pig fat imports skyrocketed to $X in 2022. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Croatia (X tons) constituted the largest rendered pig fat supplier to Bulgaria, with a X% share of total imports. Moreover, rendered pig fat imports from Croatia exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Croatia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Greece (X% per year).

In value terms, Croatia ($X) constituted the largest supplier of lard and other pig fat (rendered) to Bulgaria, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Croatia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Greece (X% per year).

Import Prices by Country

In 2022, the average rendered pig fat import price amounted to $X per ton, surging by X% against the previous year. In general, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard and other pig fat (rendered) in the world?

The countries with the highest volumes of consumption in 2023 were the United States, Spain and Singapore, with a combined 60% share of global consumption. Poland, the Netherlands, Germany, Belgium and Italy lagged somewhat behind, together comprising a further 27%.

What are the largest producers of lard and other pig fat (rendered) in the world?

The countries with the highest volumes of production in 2022 were the United States, Singapore and Spain, together comprising 56% of global production. Germany, Poland, France, Italy, Belgium, the Netherlands, Denmark, Canada and Sweden lagged somewhat behind, together comprising a further 39%.

What are the leading suppliers of lard and other pig fat (rendered) to Bulgaria?

In value terms, Croatia constituted the largest supplier of lard and other pig fat rendered) to Bulgaria, comprising 78% of total imports. The second position in the ranking was held by Poland, with a 19% share of total imports.

What are the leading importers of lard and other pig fat (rendered) from Bulgaria?

In value terms, Greece remains the key foreign market for lard and other pig fat rendered) exports from Bulgaria.

What is the average export price for lard and other pig fat (rendered) in Bulgaria?

The average rendered pig fat export price stood at $967 per ton in 2022, jumping by 84% against the previous year.

What is the average import price for lard and other pig fat (rendered) in Bulgaria?

In 2022, the average rendered pig fat import price amounted to $1,737 per ton, with an increase of 27% against the previous year.

This report provides an in-depth analysis of the rendered pig fat market in Bulgaria. 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:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023