Pig fat free of lean meat and poultry fat market in Eastern Asia

Earlier Report Observations

The market for pig fat free of lean meat in Eastern Asia contracted significantly between 2019 and 2020, with production falling from 3 428 thousand tons to 2 678 thousand tons. This decline was driven by livestock disease outbreaks that disrupted supply chains, followed by the widespread impact of the COVID-19 pandemic, which affected prices, distribution, and overall consumption patterns.

A strong recovery began in 2021, with production rising to 3 672 thousand tons by 2023, surpassing pre-pandemic levels. This growth was supported by improved slaughter productivity, a notable increase in shipments from large domestic pig farming enterprises, and a concurrent decline in pork imports. Market protection measures, including anti-dumping investigations on EU pork, further bolstered domestic supply.

The market continued to evolve in 2024, characterized by the launch of new large-scale farming facilities and a shift in consumer preference towards pork with lower fat content. Regulatory policies focusing on market stabilization and the transition to low-carbon livestock farming also began influencing production methods and industry structure.

Production pig fat free of lean meat and poultry fat in Eastern Asia

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

In Eastern Asia, production of pig fat free of lean meat and poultry fat has declined for the third year in a row. In 2020, the region produced 2 678 thousand tons, marking a slight decrease of 2.8% compared to 2019. Looking at the period from 2017 to 2020, production fell by 22.4%, with an average annual decline rate of 8.1%.

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

In value, 2017-2020, M $ US

In 2020, the output value of pig fat free of lean meat and poultry fat in Eastern Asia was 3 518 million US dollars, down 8.5% from the previous year. Over the 2017-2020 period, production value decreased by 10.3%, with an average annual decline of 3.5%. The largest increase occurred in 2019, at 2.4%.

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

Exports pig fat free of lean meat and poultry fat from Eastern Asia

Exports in kind, K t

Market performance showed noticeable fluctuations during this period. Exports reached their lowest point in 2019 at 0.1 thousand tons and peaked in 2018 at 0.5 thousand tons, resulting in a 6.1-fold difference between these years. In 2020, Eastern Asia exported 0.2 thousand tons, which represents a substantial increase of 99.1% compared to 2019. The largest decline was recorded in 2019, at 83.6%.

Annual dynamics of product's exports from Eastern Asia in kind, 2017-2020, K t

From 2017 to 2020, Thailand and Vietnam were the leading buyers of pig fat free of lean meat and poultry fat from Eastern Asia, together accounting for 4.1% of total exports in volume terms.

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

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

Exports in value, M $ US

The market exhibited volatility during these years. Exports hit their lowest in 2019 at 0.1 million US dollars and their highest in 2018 at 0.5 million US dollars, with a 4.8-fold difference. In 2020, Eastern Asia exported 0.2 million US dollars, showing a sharp gain of 87.4% compared to the previous year. The largest decline occurred in 2019, at 79.0%.

Annual dynamics of product's exports from Eastern Asia in value, 2017-2020, M $ US

Between 2017 and 2020, Thailand (3.0% of exports in value terms), Laos (0.8%), and Asia, not elsewhere specified (0.7%) emerged as the main markets for exports in value terms, collectively representing 4.5% of total flows.

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

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

Imports pig fat free of lean meat and poultry fat to Eastern Asia

Imports in kind, K t

Market behavior was characterized by volatility during these years. Imports were at their lowest in 2018 at 79.3 thousand tons and peaked in 2019 at 180.0 thousand tons, with a 2.3-fold difference. In 2020, Eastern Asia imported 146.3 thousand tons, down 18.7% from the previous year. The largest decline was in 2018 at 20.6%, while the largest increase was in 2019 at 127.1%.

Annual dynamics of product's imports to Eastern Asia in kind, 2017-2020, K t

From 2017 to 2020, Canada (31.4% of imports in volume terms), Spain (17.4%), and the United States (11.2%) remained the key partners for imports in volume terms, together accounting for 60.0% of total flows.

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

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

Imports in value, M $ US

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest in 2018 at 101.7 million US dollars and their highest in 2020 at 258.9 million US dollars, with a 2.5-fold difference. In 2020, the import value of 258.9 million US dollars showed little change from 2019. The largest decline was in 2018 at 7.1%, while the largest increase was in 2019 at 153.3%.

Annual dynamics of product's imports to Eastern Asia in value, 2017-2020, M $ US

Throughout 2017-2020, Canada (35.6% of imports in value terms), Spain (16.4%), and the United States (10.5%) remained the key partners for imports in value terms, together accounting for 62.4% of total flows.

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

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