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

Earlier Report Observations

Production of non-rendered pig fat free of lean meat in Asia experienced a significant drop in 2019, falling to 3 317 thousand tons from 4 013 thousand tons the previous year. After a minor decline in 2020, output entered a sustained recovery, climbing to 3 882 thousand tons in 2021 and exceeding the 2018 level by 2022. The upward trend culminated in a new peak of 4 195 thousand tons in 2023.

The market volume mirrored this recovery, expanding from 3 439 thousand tons in 2020 to 4 138 thousand tons in 2021, a rise supported by import volumes reaching 258 thousand tons that year. Growth continued through 2022 and 2023, with the market reaching 4 364 thousand tons by the end of the period.

In 2024, import volumes increased to 188 thousand tons, up from 171 thousand tons in the prior year. This rise occurred alongside expanded market access for Spanish pork products in China, which facilitated trade. Underlying demand in China, influenced by changing lifestyles and income growth, continued to affect the market, while global meat production trends indicated rising pig meat output in the region.

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

In kind, 2017-2020, K t

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

Production of non-rendered pig fat free of lean meat in Asia has declined for the third year in a row. In 2020, Asia produced 3 224 thousand tonnes, representing a 2.8% decrease compared to the previous year. Over the period from 2017 to 2020, production fell by 21.3%, with an average annual decline rate of 7.7%.

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

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

Exports in kind, K t

The market showed an unstable trend throughout the period. From 2017 to 2019, export volumes fluctuated significantly, with a 1.9-fold difference between the highest and lowest points. In 2019, exports reached their minimum at 0.7 thousand tonnes, but then rebounded sharply in 2020 to 1.2 thousand tonnes, marking a 74.9% year-on-year increase. The largest decline occurred in 2018, when exports dropped by 42.8%.

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

The structure of exports in physical terms from 2017 to 2020 indicates a diversified set of trading partners. Russia accounted for 19.7% of exports, Serbia for 12.8%, and Greece for 9.6%. Together, these three countries represented only 42.1% of total export flows, while the remaining 57.9% was distributed among numerous smaller markets.

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

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

Exports in value, M $ US

After two years of decline, Asia's exports of non-rendered pig fat free of lean meat in value terms increased in 2020. Exports reached 1.4 million US dollars, up 37.5% compared to 2019. Over the 2017-2020 period, however, exports decreased by 13%, with an average annual decline of 4.5%. The lowest value was recorded in 2019 at 1.0 million US dollars, and the largest drop occurred in 2018 with a 29.4% decrease.

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

Analysis of export values from 2017 to 2020 reveals a broad distribution across many markets. Russia accounted for 15.5% of export value, Serbia for 10.5%, and Romania for 6.7%. Combined, these three countries represented just 32.6% of total export flows, with the remaining 67.4% going to various other partners.

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

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

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

Imports in kind, K t

In 2020, Asia imported 216.0 thousand tonnes of non-rendered pig fat free of lean meat, a significant decline of 18.4% compared to 2019. Over the 2017-2020 period, imports increased by 21.6%, equivalent to an average annual growth rate of 6.7%. The lowest import volume was recorded in 2018 at 167.8 thousand tonnes, while the peak occurred in 2019 with 264.6 thousand tonnes. The largest increase took place in 2019, when imports surged by 57.7%.

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

From 2017 to 2020, Spain, Canada, and Germany emerged as the main sources for imports in physical terms. Spain accounted for 24.6% of imports, Canada for 24.5%, and Germany for 7.3%. Together, these three countries represented 56.3% of total import flows.

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

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

Imports in value, M $ US

The market exhibited an unstable trend throughout the period. From 2017 to 2019, import values showed considerable volatility, with a two-fold difference between the highest and lowest points. In 2020, Asia imported non-rendered pig fat free of lean meat worth 348.9 million US dollars, down 2.0% from the previous year. The peak value was recorded in 2019 at 348.9 million US dollars, which also saw the largest increase of 91.1%.

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

Over the 2017-2020 period, Canada, Spain, and the United States were the main destinations for imports in value terms. Canada accounted for 29.1% of import value, Spain for 22.5%, and the United States for 7.5%. Together, these three countries absorbed 59.1% of total import value for non-rendered pig fat free of lean meat to Asia.

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

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