Non-rendered pig fat free of lean meat market in Argentina

Earlier Report Observations

The market for non-rendered pig fat in Argentina expanded from 109.1 thousand tons in 2018 to 134.5 thousand tons in 2023. This sustained growth was primarily driven by a shift in Argentine diets, where pork consumption increased partly replacing beef due to price advantages and changing food habits. The higher demand for pork led to increased pig slaughter, which directly raised the output of fat as a by-product.

Record swine production volumes, supported by leading processors such as Alimentaria La Pompeya and Paladini increasing their market share, further boosted supply. Government measures, including the 2023 Integral Program for the Promotion of Meat Production and Consumption, provided additional support through financing and price stability mechanisms for the sector.

Regulatory changes, including the implementation of the Front-of-Pack Labeling Law and updates to the Argentine Food Code, introduced new labeling requirements for meat products during this period. While these rules aimed to promote healthier choices, the overall market volume continued its upward trajectory due to the underlying expansion in pork production and consumption.

Production non-rendered pig fat free of lean meat in Argentina

In kind, 2017-2020, K t

Argentina ranked 9th globally in the production of non-rendered pig fat free of lean meat from 2017 to 2020.

Top producers of non-rendered pig fat free of lean meat, 2017-2020

World map of production of non-rendered pig fat free of lean meat, 2017-2020

Argentina's production of non-rendered pig fat free of lean meat grew for the third year in a row. In 2020, the country produced 116.1 K t, which is 4.1% higher than in 2019. Over the 2017-2020 period, production rose by 15.7%, with an average annual growth rate of 5.0%.

Annual dynamics of production in Argentina in kind, 2017-2020, K t

Exports non-rendered pig fat free of lean meat from Argentina

Exports in kind, t

Argentina's exports of non-rendered pig fat free of lean meat fell for the second consecutive year. In 2020, exports dropped to 311 t, a 58.4% decrease from the previous year. From 2017 to 2020, exports declined by 78.6%, equivalent to an annualized rate of 40.2%. The highest export volume was in 2018 at 2 187 t, with the largest increase of 50.5% that year. The biggest drop occurred in 2019, at 65.8%.

Annual dynamics of product's exports from Argentina in kind, 2017-2020, t

From 2017 to 2020, Argentina's export market for non-rendered pig fat free of lean meat was highly concentrated, with Russia alone accounting for 95.3% of total exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Argentina in kind, 2017-2020

Exports in value, K $ US

The market showed significant volatility during these years. Export volumes peaked in 2018 and hit their lowest point in 2020, with an 8.6-fold difference between the two years. In 2020, Argentina's exports of non-rendered pig fat free of lean meat were valued at 298 K $ US, a sharp 49.3% drop from the year before. The highest value was recorded in 2018 at 2 551 K $ US, with the largest increase of 38.1% that year. The most significant decline was in 2019, at 76.9%.

Annual dynamics of product's exports from Argentina in value, 2017-2020, K $ US

Throughout 2017-2020, Russia remained the dominant and nearly exclusive destination for Argentina's exports of non-rendered pig fat free of lean meat in value terms, holding a 94.7% share.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Argentina in value, 2017-2020

Imports non-rendered pig fat free of lean meat to Argentina

Imports in kind, t

Argentina's imports of non-rendered pig fat free of lean meat decreased for the third year in a row. In 2020, imports stood at 287 t, a steep 45.4% fall compared to 2019. Between 2017 and 2020, imports dropped by 79%, translating to an annualized rate of 40.5%.

Annual dynamics of product's imports to Argentina in kind, 2017-2020, t

From 2017 to 2020, Denmark effectively dominated Argentina's imports of non-rendered pig fat free of lean meat, accounting for 93.4% of total import volumes.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Argentina in kind, 2017-2020

Imports in value, K $ US

Argentina's imports of non-rendered pig fat free of lean meat in value terms declined for the third consecutive year. In 2020, imports totaled 298 K $ US, a sharp 30.1% decrease from the previous year. Over the 2017-2020 period, imports fell by 75.9%, equivalent to an annualized rate of 37.8%.

Annual dynamics of product's imports to Argentina in value, 2017-2020, K $ US

Between 2017 and 2020, Argentina's reliance on Denmark was pronounced, with this market making up 91.2% of total import value for non-rendered pig fat free of lean meat.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Argentina in value, 2017-2020