Pig fat free of lean meat and poultry fat market in Australia and New Zealand

Earlier Report Observations

The market for pig fat free of lean meat and poultry fat in Australia and New Zealand displayed fluctuating volumes between 2018 and 2023. Starting at 22 235 t, market size dipped to 21 323 t in 2019 before recovering and reaching 22 803 t by 2023, marking a net growth of over 2.5% for the period. Domestic production followed a similar pattern, declining initially but then rising from 18 710 t in 2019 to 21 622 t in 2023, which served as the primary component of market supply.

Import volumes varied throughout the period, peaking at 2 619 t in 2019 before trending downward to 1 603 t by 2023. Conversely, export activity, while remaining a minor factor, increased notably from just 28 t in 2018 to 422 t in 2023. These shifts in trade flows contributed to the market's overall stability, with domestic production growth largely offsetting the reduction in imports during the latter years.

Production pig fat free of lean meat and poultry fat in Australia and New Zealand

In kind, 2018-2021, K t

Top producers of pig fat free of lean meat and poultry fat, 2018-2021

World map of production of pig fat free of lean meat and poultry fat, 2018-2021

Australia and New Zealand saw their production of pig fat free of lean meat and poultry fat rise for the second year in a row. In 2021, output reached 20.6 K t, marking a steady increase of 5.3% compared to the previous year. Over the period from 2018 to 2021, production grew by 3.8%, 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 of 5.8%.

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

Exports pig fat free of lean meat and poultry fat from Australia and New Zealand

Exports in kind, t

The market showed significant fluctuations during this period. Exports hit their lowest point in 2019 at just 5 t, before surging to a peak of 357 t in 2021—a dramatic 71-fold difference. In 2021, exports from Australia and New Zealand jumped by 330.6% compared to 2020. The largest decline occurred in 2019 at 81.9%, while the biggest increase was in 2020 with a staggering rise of 1 537.2%.

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

From 2018 to 2021, the Philippines was the top destination for exports in kind of pig fat free of lean meat and poultry fat from Australia and New Zealand, accounting for 61.9% of the total. Vietnam followed with 14.0%, and Papua New Guinea with 6.3%. Together, these three countries made up 82.2% of all export flows.

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

The market exhibited considerable volatility over these years. Exports in value terms reached their lowest point in 2019 at 12 K $ US, before climbing to a peak of 383 K $ US in 2021—a swing of 31 times. In 2021, exports showed a modest increase of 2.4% compared to 2020. The largest decline was recorded in 2019 at 74.5%, while the biggest jump occurred in 2020 with a remarkable 2 949.3% rise.

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

Between 2018 and 2021, the Philippines was the largest buyer in value terms, representing 35.6% of exports. Papua New Guinea accounted for 24.7%, and Japan for 20.9%. Combined, these three markets formed 81.3% of total export value.

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 pig fat free of lean meat and poultry fat to Australia and New Zealand

Imports in kind, t

In 2021, Australia and New Zealand imported 2 424 t of pig fat free of lean meat and poultry fat, up 6.0% from the previous year. The highest import volume was recorded in 2019 at 2 619 t, while the lowest was in 2020 at 2 287 t. The largest decline occurred in 2020 at 12.6%, and the biggest increase was in 2019 with an 8.9% rise.

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

From 2018 to 2021, the Netherlands was the leading source for imports in kind, making up 55.3% of the total. Canada contributed 21.5%, and Finland 5.5%. Together, these three countries accounted for 82.4% of all imports in kind to Australia and New Zealand.

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 in value terms for pig fat free of lean meat and poultry fat into Australia and New Zealand declined. In 2021, imports amounted to 3 358 K $ US, down 1.7% from the previous year. Over the 2018-2021 period, imports increased by 45.9%, with a compound annual growth rate of 13.4%. The peak was in 2020 at 3 417 K $ US, and the largest increase was in 2019 at 33.4%.

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

During 2018-2021, the Netherlands remained the principal supplier in value terms, accounting for 57.9% of imports. Canada followed with 20.2%, and Finland with 6.6%. These three countries together represented 84.7% of total import value.

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