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

Earlier Report Observations

From 2018 to 2021, the market volume for non-rendered pig fat free of lean meat in MERCOSUR increased from 588.1 thousand tons to 715.6 thousand tons. This expansion was primarily driven by genetic improvements in pig breeding, which reduced fat content and made pork leaner, increasing consumer demand for pork products. Additionally, rising pork exports to China, which became the largest export market, stimulated higher production levels in Brazil, a key producer in the region.

The growth trajectory continued through 2022 and 2023, with market volume reaching 773.7 thousand tons. Effective marketing initiatives, notably the National Pork Week (SNCS) campaign supported by the National Fund for the Development of Pig Farming (FNDS), significantly boosted domestic consumption. These campaigns raised consumer awareness and engagement, sustaining demand even as beef supply dynamics exerted pressure on pork prices, which influenced the market's value in U.S. dollars.

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

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

MERCOSUR's production of non-rendered pig fat free of lean meat has grown for the third year in a row. In 2020, the region produced 652.8 thousand tons, marking a 7.8% increase compared to the previous year. Looking at the period from 2017 to 2020, production rose by 16.9%, which translates to an average annual growth rate of 5.3%.

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

In value, 2017-2020, M $ US

MERCOSUR's production value of non-rendered pig fat free of lean meat has increased for the second consecutive year. In 2020, the output was valued at 887.5 million US dollars, up 6.0% year-over-year. Between 2017 and 2020, production value grew by 14.4%, with a compound annual growth rate of 4.6%. The lowest value was recorded in 2018 at 676.4 million US dollars. The most significant decline occurred in 2018, falling by 12.8%, while the largest increase was in 2019, rising by 23.8%.

Annual dynamics of production in MERCOSUR in value, 2017-2020, M $ US

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

Exports in kind, t

Exports of non-rendered pig fat free of lean meat from MERCOSUR have declined for the third year in a row. In 2020, exports amounted to 1 493 tons, a decrease of 37.4% from the previous year. From 2017 to 2020, exports dropped by 64%, with an average annual decline of 28.9%.

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

Between 2017 and 2020, Russia, China, and Belarus were the main markets for exports in kind. Russia accounted for 62.8% of exports, China for 15.2%, and Belarus for 2.2%. Together, these three countries represented 80.2% of total export flows.

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

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

Exports in value, K $ US

In 2020, cross-border shipments of non-rendered pig fat free of lean meat from MERCOSUR were valued at 2 029 thousand US dollars, reflecting a 38.5% year-over-year decline. Over the period from 2017 to 2020, export value decreased by 64.8%, with an average annual drop of 29.4%. The largest decline was in 2018 at 46.6%, while the largest increase occurred in 2019 at 7.3%.

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

From 2017 to 2020, Russia, China, and Belarus remained the key destinations for exports in value terms. Russia held 56.6% of export value, China 17.5%, and Belarus 2.0%. Collectively, these three countries accounted for 76.1% of total export flows.

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

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

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

Imports in kind, t

In 2020, MERCOSUR's imports of non-rendered pig fat free of lean meat totaled 7 409 tons, down 26.1% from 2019. Between 2017 and 2020, imports decreased by 17%, with an average annual decline of 6.0%. The lowest volume was recorded in 2018 at 7 261 tons, while the highest was in 2019 at 10 023 tons. The most significant increase occurred in 2019, rising by 38.0%.

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

Over the period 2017–2020, Spain, Chile, and Denmark consistently led the country structure of imports in kind. Spain and Chile each accounted for 27.8% of imports, while Denmark represented 11.2%. Together, these three countries made up 66.9% of total import flows.

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

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

Imports in value, K $ US

In 2020, MERCOSUR imported non-rendered pig fat free of lean meat valued at 7 847 thousand US dollars, a decrease of 17.2% from the previous year. From 2017 to 2020, import value increased by 5.5%, with an average annual growth rate of 1.8%. The lowest value was in 2018 at 7 847 thousand US dollars, and the highest was in 2019 at 13 239 thousand US dollars. The largest decline was in 2018 at 24.4%, while the largest increase was in 2019 at 68.7%.

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

Throughout 2017–2020, Chile, Spain, and Denmark formed the key group of partners for imports in value terms. Chile accounted for 33.0% of import value, Spain for 22.0%, and Denmark for 12.4%. Together, these three countries represented 67.4% of total import flows.

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

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