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

Earlier Report Observations

The market for non-rendered pig fat free of lean meat in Australia and New Zealand exhibited moderate fluctuations in volume between 2018 and 2023. Starting at 22 241 t, the market contracted by approximately 4% in 2019 before entering a phase of recovery and growth. Overall, the market volume reached 22 829 t by 2023, marking a slight net increase over the six-year period.

Market movements were primarily influenced by changes in domestic production, which fell to 18 710 t in 2019 but subsequently recovered and expanded to over 21 600 t by 2023. Import volumes, which supplement domestic supply, showed an inverse pattern in several years, declining sharply from 2021 onward. This interplay between production and imports contributed to the market's volatility, with a notable stabilization in 2022 followed by renewed growth in the final year.

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

In kind, 2018-2021, K 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 and New Zealand saw their production of non-rendered pig fat free of lean meat rise for the second year in a row. In 2021, output reached 20.6 K t, marking a modest 5.3% increase compared to the previous year. Looking back from 2018 to 2021, production grew by 3.8% overall, which translates to an average annual growth rate of 1.3%. The lowest production level was recorded in 2019 at 18.7 K t, with the largest decline that year at 5.8%.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, K t

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

Exports in kind, t

The market showed an unstable pattern over the period. Exports hit their lowest point in 2019 at just 5 t, then surged to a peak in 2021 at 357 t, creating a dramatic 71-fold gap between these years. In 2021, exports from Australia and New Zealand jumped by a remarkable 744.3% compared to 2020. The largest decline occurred in 2019, dropping by 77.0%.

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

From 2018 to 2021, the Philippines and Vietnam remained the top markets for exports in kind, together accounting for 84.1% of total flows, while other partners played a supporting role.

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

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

Exports in value, K $ US

Market behavior was volatile during these years. Exports fell to their lowest point in 2019 at 12 K $ US, then rebounded to a peak in 2021 at 383 K $ US, showing a swing of 31 times. In 2021, exports from Australia and New Zealand experienced a sharp uptick of 787.8% from the previous year. The largest decline was recorded in 2019 at 64.8%.

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

Throughout 2018–2021, the three largest markets—the Philippines, Vietnam, and Papua New Guinea—dominated exports in value terms, together capturing 83.8% of total flows.

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

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

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

Imports in kind, t

In 2021, imports of non-rendered pig fat free of lean meat into Australia and New Zealand totaled 2 424 t, showing a moderate advance of 6.0% year-over-year. The maximum value was recorded in 2019 at 2 619 t, while the minimum was in 2020 at 2 287 t. The largest increase occurred in 2019 at 8.9%, and the largest decline was in 2020 at 12.6%.

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

In 2018–2021, the Netherlands (55.3% of imports in kind), Canada (21.5% of imports in kind), and Finland (5.5% of imports in kind) formed the main cluster of markets for imports in kind, with a combined share of 82.4% of total flows.

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

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

Imports in value, K $ US

After two years of growth, imports of non-rendered pig fat free of lean meat into Australia and New Zealand declined. In 2021, import volume reached 3 358 K $ US, amounting to a slight decrease of 1.7% year-over-year. Over the period 2018-2021, imports increased by 45.9%, with a compound annual growth rate of 13.4%. The maximum value was recorded in 2020 at 3 417 K $ US, and the largest increase occurred in 2019 at 33.3%.

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

In 2018–2021, the Netherlands (57.9% of imports in value terms), Canada (20.3% of imports in value terms), and Finland (6.6% of imports in value terms) were the main destinations in the geographical breakdown of imports in value terms of non-rendered pig fat free of lean meat to Australia and New Zealand, with a combined share of 84.7% of total flows.

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

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