Pig fat free of lean meat and poultry fat market in Armenia

Earlier Report Observations

The market volume for pig fat free of lean meat and poultry fat in Armenia showed considerable fluctuation between 2018 and 2023. It began the period at 4 070 tons in 2018, then declined to 3 841 tons in 2019. After a minor increase to 3 856 tons in 2020, the market contracted to its lowest point of 3 614 tons in 2021. A significant rebound followed in 2022, with volume reaching 3 997 tons, before moderating to 3 859 tons in 2023.

Domestic production trended gradually downward from 1 287 tons in 2018 to 1 176 tons in 2022, before a slight recovery to 1 192 tons in 2023. Imports, which consistently supplied the bulk of the market, exhibited wider swings—from 2 784 tons in 2018 down to 2 367 tons in 2021, then up to 2 821 tons in 2022. These variations in import volume were the key component behind the overall market movements, as exports remained negligible throughout the entire timeframe.

Production pig fat free of lean meat and poultry fat in Armenia

In kind, 2017-2020, 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

Armenia's production of pig fat free of lean meat and poultry fat increased after a two-year decline. In 2020, the country produced 1 279 tonnes, marking a slight rise of 0.6% compared to the previous year. Looking at the period from 2017 to 2020, production decreased by 2.4%, which translates to an average annual decline of 0.8%. The lowest production level was recorded in 2019 at 1 271 tonnes, while the largest drop occurred in 2018 with a decrease of 1.8%.

Annual dynamics of production in Armenia in kind, 2017-2020, t

Exports pig fat free of lean meat and poultry fat from Armenia

Exports in kind, t

The market showed an unstable trend over the observed period. Exports peaked in 2017 and hit their lowest point in 2018, with a dramatic 357-fold difference between these years. In 2020, Armenia exported 49 tonnes of pig fat free of lean meat and poultry fat, representing a sharp decline of 99.7% compared to the previous year.

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

From 2017 to 2020, Russia accounted for 81.5% of Armenia's total exports of pig fat free of lean meat and poultry fat in volume terms. The remaining exports were distributed among several smaller trading partners.

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

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

Exports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. Exports reached their highest value in 2017 and their lowest in 2018, with a 60-fold gap between these years. In 2020, Armenia's exports of pig fat free of lean meat and poultry fat amounted to 84 thousand US dollars, showing a sharp decrease of 98.3% year-on-year.

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

Between 2017 and 2020, two markets—Russia and Germany—played the leading roles in Armenia's exports by value, together accounting for 81.3% of total flows. The remainder was distributed among other destinations.

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

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

Imports pig fat free of lean meat and poultry fat to Armenia

Imports in kind, t

After a two-year decrease, Armenia's imports of pig fat free of lean meat and poultry fat increased. In 2020, import volume amounted to 2 626 tonnes, representing a slight rise of 2.2% over the previous year. Over the period from 2017 to 2020, imports decreased by 8%, with a compound annual growth rate (CAGR) of -2.8%. The lowest import volume was recorded in 2019 at 2 570 tonnes, which also saw the largest decline of 7.7%.

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

From 2017 to 2020, the structure of Armenia's imports in volume terms was dominated by Italy, which absorbed 80.0% of total flows. The rest was shared among a large number of minor partners.

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

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

Imports in value, K $ US

In 2020, Armenia imported 3 167 thousand US dollars worth of pig fat free of lean meat and poultry fat, corresponding to a decline of 1.4% compared to the previous year. Between 2017 and 2020, imports increased by 16.5%, equating to an average annual growth rate of 5.2%. The minimum value was recorded in 2018 at 2 467 thousand US dollars, while the maximum was in 2019 at 3 211 thousand US dollars. The largest decline occurred in 2018 with a drop of 9.3%, and the largest increase was in 2019 with a rise of 30.2%.

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

Between 2017 and 2020, Italy concentrated most of Armenia's imports by value, taking 81.3% of total flows. The remaining imports were distributed among a fragmented group of other markets.

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

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