Earlier Report Observations
The pig fat market in Kiribati experienced steady growth from 2018 to 2022, with volume increasing from 50 500 kg to 54 030 kg. This expansion was partly supported by increased rural household incomes after the government raised the minimum copra price from $1 to $2 per kilogram in 2018. Higher copra earnings strengthened purchasing power, contributing to rising consumption and production of local pig fat.
Market volume continued to increase through 2020 and 2021. However, in 2023 the market contracted slightly to 53 720 kg, coinciding with a surge in inflation: the Consumer Price Index rose by 10.8% year-on-year by July 2023. Higher food prices eroded real consumer incomes, leading to a modest decline in pig fat consumption.
Inflationary pressures persisted into 2024, with the CPI up 8.0% year-on-year by June. At the same time, the government and the Ministry of Environment, Lands and Agricultural Development are implementing food security initiatives that may affect supply chains and demand for products such as pig fat.
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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4.1.1. 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 Kiribati
- 5.1.1. Annual dynamics of production in Kiribati in kind, 2018-2023, kg
- 5.1.2. Annual dynamics of production in Kiribati in value, 2018-2023, $ US
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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, kg
- 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, kg
- 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 Kiribati
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, kg
- 6.1.2.1. Annual dynamics of product's imports to Kiribati in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Kiribati by countries, 2018-2024, kg
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, $ US
- 6.1.3.1. Annual dynamics of product's imports to Kiribati in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Kiribati by countries, 2018-2024, $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Kiribati, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Kiribati by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, kg
- 6.2.2.1. Annual dynamics of product's imports to Kiribati in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Kiribati by countries, 2018-2024, kg
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, $ US
- 6.2.3.1. Annual dynamics of product's imports to Kiribati in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Kiribati by countries, 2018-2024, $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Kiribati, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Kiribati by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data*)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, kg
- 7.1.2. In value, $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, kg
- 7.2.2. In value, $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2024
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production pig fat free of lean meat and poultry fat in Kiribati
In kind, 2017-2020, kg
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
Kiribati's production of pig fat free of lean meat and poultry fat has grown for the third year in a row. In 2020, the country produced 51 830 kg of this product, marking a 1.3% increase compared to the previous year. Looking at the period from 2017 to 2020, overall production rose by 3.5%, which translates to an average annual growth rate of 1.1%.
Annual dynamics of production in Kiribati in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 0.8% | 1.3% | 1.3% | 1.1% |
Exports pig fat free of lean meat and poultry fat from Kiribati
Market research indicates that Kiribati did not export any pig fat free of lean meat and poultry fat between 2017 and 2020.
Imports pig fat free of lean meat and poultry fat to Kiribati
According to market research, Kiribati did not import pig fat free of lean meat and poultry fat from 2017 to 2020.
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