"Americas" region includes following countries:
Earlier Report Observations
The physical volume of the pig fat market in the Americas grew from 4.1 million tons in 2018 to 4.5 million tons in 2023, with steady increases through 2020 followed by a minor dip and subsequent recovery.
Market value showed significant volatility, surging from $5.2 billion in 2018 to $8.5 billion in 2020 before falling to $6.9 billion in 2021 and partially rebounding to $7.3 billion by 2023.
Domestic production remained consistently above 4.5 million tons annually after 2020, while fluctuations in trade flows contributed to changes in net supply within the region.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.2. In value
- 4.1.2.1. Production, 2018-2023
- 4.1.2.2. Imports, 2018-2024
- 4.1.2.3. Exports, 2018-2024
- 4.1.2.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Americas
- 5.1.1. Annual dynamics of production in Americas in kind, 2018-2023, K t
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Americas
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6. Exports
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6.1. Exports (Direct Data*)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, K t
- 6.1.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
- 6.1.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, M $ US
- 6.1.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
- 6.1.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, K t
- 6.2.2.1. Annual dynamics of product's exports from Bermuda in kind, 2018-2024, K t
- 6.2.2.2. Dynamics of product's exports in kind from Bermuda by countries, 2018-2024, K t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, M $ US
- 6.2.3.1. Annual dynamics of product's exports from Bermuda in value, 2018-2024, M $ US
- 6.2.3.2. Dynamics of product's exports in value from Bermuda by countries, 2018-2024, M $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's exports from Bermuda, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's exports from Bermuda by countries, 2018-2024, $ US/t
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6.1. Exports (Direct Data*)
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7. Imports
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7.1. Imports (Direct Data*)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, K t
- 7.1.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
- 7.1.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, M $ US
- 7.1.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
- 7.1.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, K t
- 7.2.2.1. Annual dynamics of product's imports to Bermuda in kind, 2018-2024, K t
- 7.2.2.2. Dynamics of product's imports in kind to Bermuda by countries, 2018-2024, K t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, M $ US
- 7.2.3.1. Annual dynamics of product's imports to Bermuda in value, 2018-2024, M $ US
- 7.2.3.2. Dynamics of product's imports in value to Bermuda by countries, 2018-2024, M $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's imports to Bermuda, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's imports to Bermuda by countries, 2018-2024, $ US/t
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7.1. Imports (Direct Data*)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K t
- 8.1.2. In value, M $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K t
- 8.2.2. In value, M $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production pig fat free of lean meat and poultry fat in Americas
In kind, 2017-2020, K t
Top producers of pig fat free of lean meat and poultry fat, 2017-2020
World map of production of pig fat free of lean meat and poultry fat, 2017-2020
Production of pig fat free of lean meat and poultry fat in the Americas has increased for the third consecutive year. In 2020, the region produced 4 520 K t, marking a moderate uptick of 3.1% compared to 2019. From 2017 to 2020, production grew by 11.2%, which translates to an annualized rate of 3.6%.
Annual dynamics of production in Americas in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.1% | 4.7% | 3.1% | 3.6% |
In value, 2017-2020, M $ US
The value of pig fat free of lean meat and poultry fat production in the Americas has risen for the third year in a row. In 2020, output was valued at 10 360 M $ US, up by 14.3% from the previous year. Between 2017 and 2020, production increased by 43.6%, equating to an annualized growth rate of 12.8%.
Annual dynamics of production in Americas in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 11.0% | 13.1% | 14.3% | 12.8% |
Exports pig fat free of lean meat and poultry fat from Americas
Exports in kind, t
Exports of pig fat free of lean meat and poultry fat from the Americas declined for the second consecutive year. In 2020, exports reached 66 623 t, which is 3.1% lower than in 2019. Over the period from 2017 to 2020, exports decreased by 15%, with a compound annual growth rate (CAGR) of -5.3%. The highest export volume was recorded in 2018 at 86 263 t, with the largest increase of 10.1% that year. The largest decline occurred in 2019, with a drop of 20.3%.
Annual dynamics of product's exports from Americas in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 10.1% | (20.3%) | (3.1%) | (5.3%) |
From 2017 to 2020, Japan (28.7% of exports in kind), Russia (11.5%), and China (10.9%) formed the key group of partners for exports of pig fat free of lean meat and poultry fat from the Americas. Together, these three countries accounted for 51.1% of total export flows.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Americas in kind, 2017-2020
Exports in value, M $ US
The value of pig fat free of lean meat and poultry fat exports from the Americas has increased for the third consecutive year. In 2020, exports reached 126.8 M $ US, up by 12.5% year-on-year. Between 2017 and 2020, exports grew by 32.7%, with a compound annual growth rate (CAGR) of 9.9%.
Annual dynamics of product's exports from Americas in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 14.3% | 3.3% | 12.5% | 9.9% |
Throughout 2017–2020, Japan (38.4% of exports in value terms), China (12.3%), and Russia (11.6%) formed the core group of markets for exports in value terms. Collectively, these three countries represented 62.2% of total export flows.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Americas in value, 2017-2020
Imports pig fat free of lean meat and poultry fat to Americas
Imports in kind, t
Imports of pig fat free of lean meat and poultry fat into the Americas showed a small decrease in 2020, with a total of {value_last_year} t imported, down by 1.7% from the previous year. From 2017 to 2020, imports decreased by 50.8%, with a compound annual growth rate (CAGR) of -21.1%. The lowest import volume was recorded in 2018 at 22 207 t, which saw the largest decline of 55.6% that year. The largest increase occurred in 2019, with a rise of 12.8%.
Annual dynamics of product's imports to Americas in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (55.6%) | 12.8% | (1.7%) | (21.1%) |
Data from 2017 to 2020 indicate that imports in kind of pig fat free of lean meat and poultry fat to the Americas were not concentrated on a few key destinations. Spain (8.8% of imports in kind), Germany (4.7%), and Denmark (3.4%) together accounted for only 16.8% of total import flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Americas in kind, 2017-2020
Imports in value, M $ US
Imports of pig fat free of lean meat and poultry fat into the Americas increased for the second consecutive year. In 2020, the region imported 35.5 M $ US, reflecting a modest gain of 3.5% compared to 2019. Between 2017 and 2020, imports decreased by 40.5%, equating to an annualized decline of 15.9%. The lowest value was recorded in 2018 at 28.5 M $ US, which saw the largest decline of 52.1% that year. The largest increase occurred in 2019, with a rise of 20.1%.
Annual dynamics of product's imports to Americas in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (52.1%) | 20.1% | 3.5% | (15.9%) |
Over the period 2017–2020, the geographical structure of imports in value terms was highly diversified. Spain (7.0% of imports in value terms), Germany (3.7%), and Denmark (3.5%) together accounted for only 14.2% of total import flows, while the remaining 85.8% was distributed among numerous smaller partner countries.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Americas in value, 2017-2020
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