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

Earlier Report Observations

The market volume for non-rendered pig fat free of lean meat in Australia experienced a period of fluctuation with an overall upward trend between 2018 and 2023. Starting at 20 208 metric tons in 2018, it dipped the following year before recovering and reaching a peak of 20 897 metric tons in 2021. The market ended the period at 21 024 metric tons in 2023, marking a net increase over the six years.

The decline in 2019 to 19 392 metric tons was followed by two consecutive years of growth, driven by rising domestic production and shifts in trade flows. After a slight contraction in 2022, the market resumed its expansion in 2023, supported by further increases in local output. Throughout the period, domestic production grew from 18 146 to 20 005 metric tons, while net imports decreased significantly.

The changing balance between production and trade contributed to the market's dynamics. As local production capacity expanded, the reliance on imports diminished, and exports began to rise from a very low base. This shift in supply sources underpinned the market's ability to grow despite external trade variations.

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

In kind, 2018-2021, t

Top producers of non-rendered pig fat free of lean meat, 2018-2021

World map of production of non-rendered pig fat free of lean meat, 2018-2021

Australia's production of non-rendered pig fat free of lean meat grew for the second year in a row. In 2021, the country produced 18 994 tonnes, marking a 5.8% increase compared to 2020. Over the 2018-2021 period, production rose by 4.7%, with an average annual growth rate of 1.5%. The lowest production volume was recorded in 2019 at 17 053 tonnes, which also saw the largest decline of 6.0%.

Annual dynamics of production in Australia in kind, 2018-2021, t

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

Exports in kind, t

The market showed an unstable trend throughout the period. Exports reached their lowest point in 2019 at 5 tonnes, then peaked in 2021 at 348 tonnes—a dramatic 69-fold increase. In 2021, Australia's exports of non-rendered pig fat free of lean meat surged by 770.7% from the previous year. The largest decline occurred in 2019, dropping by 86.1%.

Annual dynamics of product's exports from Australia in kind, 2018-2021, t

From 2018 to 2021, the Philippines and Vietnam were the leading destinations for Australia's exports in kind, together accounting for 84.4% of total flows, while the remaining share was distributed among other countries.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia in kind, 2018-2021

Exports in value, K $ US

The market exhibited volatile behavior during these years. Export values hit their lowest in 2019 at 12 thousand US dollars, then soared to a peak in 2021 at 382 thousand US dollars—a 31-fold variation. In 2021, the value of Australia's exports of non-rendered pig fat free of lean meat jumped sharply by 784.9% compared to the year before. The largest decline was recorded in 2019 at 64.8%.

Annual dynamics of product's exports from Australia in value, 2018-2021, K $ US

Throughout 2018–2021, the Philippines, Vietnam, and New Zealand were the main markets for Australia's exports in value terms. The Philippines accounted for 61.6% of export value, Vietnam for 13.4%, and New Zealand for 9.5%, collectively making up 84.5% of total flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia in value, 2018-2021

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

Imports in kind, t

In 2021, Australia's imports of foreign non-rendered pig fat free of lean meat totaled 2 251 tonnes, up 4.5% from the previous year. Between 2018 and 2021, imports increased by 7.3%, equivalent to an annualized rate of 2.4%. The highest import volume was recorded in 2019 at 2 345 tonnes, which also saw the largest increase of 11.7%. The largest decline occurred in 2020, falling by 8.1%.

Annual dynamics of product's imports to Australia in kind, 2018-2021, t

From 2018 to 2021, the Netherlands and Canada dominated Australia's imports in kind of non-rendered pig fat free of lean meat, while other markets played a smaller role.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia in kind, 2018-2021

Imports in value, K $ US

After two years of growth, Australia's imports of foreign non-rendered pig fat free of lean meat declined. In 2021, imports amounted to 3 066 thousand US dollars, down 3.3% year-over-year. Between 2018 and 2021, imports rose by 58.4%, equating to an annualized rate of 16.6%. The peak value was recorded in 2020 at 3 172 thousand US dollars, and the largest increase occurred in 2019 at 39.3%.

Annual dynamics of product's imports to Australia in value, 2018-2021, K $ US

Throughout 2018–2021, the Netherlands and Canada remained the primary suppliers of non-rendered pig fat free of lean meat to Australia in value terms, together holding an 85.9% share of total imports, with other countries accounting for the rest.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia in value, 2018-2021