Market research

Pig fat free of lean meat and poultry fat market in Latin America and the Caribbean

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

Report language:

Report language:

Submission method: to your account

File format: docx, xlsx

Single Report

$500

Instant access to detailed data on one specific market
Ideal for one-off tasks: niche assessments, presentations, investment decisions
Available in Excel and Word in 15 minutes after purchase
Cheaper than subscription, but each market requires a separate purchase

Best if you know exactly what you need

Buy a single report

Platform Subscription

from$600

Complete and unlimited data access across products and regions
Includes continuous data updates during subscription period
Download reports instantly in Word, and Excel formats
More cost-effective for multiple markets or regular analysis

Ideal for regular data users

View pricing plans

"Latin America and the Caribbean" region includes following countries:

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

The market for pig fat in Latin America and the Caribbean expanded steadily between 2018 and 2022, with volume rising from 811 thousand tons to 1,029 thousand tons. Growth was particularly strong in 2021 and 2022.

In 2023, market volume increased to 1,051 thousand tons. This continued growth was driven by record swine production in Brazil, which boosted the supply of pig fat, and a consumer shift toward natural animal fats over processed vegetable oils.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Latin America and the Caribbean
  1. 5.1.1. Annual dynamics of production in Latin America and the Caribbean in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data*)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data*)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production pig fat free of lean meat and poultry fat in Latin America and the Caribbean

In kind, 2017-2020, K t

Top producers of pig fat free of lean meat and poultry fat, 2017-2020

Source: SHEV.io

World map of production of pig fat free of lean meat and poultry fat, 2017-2020

Source: SHEV.io

Latin America and the Caribbean saw production of pig fat free of lean meat and poultry fat rise for the third consecutive year. In 2020, the region produced 897 K t, marking a 5.2% increase from the previous year. From 2017 to 2020, production grew by 14.1%, which translates to an average annual growth rate of 4.5%.

Annual dynamics of production in Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	4.6%	3.7%	5.2%	4.5%

Source: SHEV.io

In value, 2017-2020, M $ US

Latin America and the Caribbean experienced a second straight year of growth in the value of pig fat free of lean meat and poultry fat production. In 2020, output was valued at 2 099 M $ US, reflecting a significant 29.8% rise compared to 2019. Between 2017 and 2020, production value surged by 59.5%, averaging an annualized rate of 16.8%. The lowest value was recorded in 2018 at 1 287 M $ US, which also saw the largest decline of 2.2%.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.2%)	25.6%	29.8%	16.8%

Source: SHEV.io

Exports pig fat free of lean meat and poultry fat from Latin America and the Caribbean

Exports in kind, t

In 2020, Latin America and the Caribbean exported 25 920 t of pig fat free of lean meat and poultry fat, a 30.4% increase from the previous year. From 2017 to 2020, exports grew by 9.8%, with a compound annual growth rate of 3.2%. The lowest export volume was in 2019 at 19 882 t, which experienced the largest decline of 37.0%. In contrast, the highest volume was in 2018 at 31 557 t, with the largest increase of 33.6%.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	33.6%	(37.0%)	30.4%	3.2%

Source: SHEV.io

Between 2017 and 2020, three key markets—Russia, China, and Belarus—collectively accounted for 60.1% of total exports in kind of pig fat free of lean meat and poultry fat from Latin America and the Caribbean.

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

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Latin America and the Caribbean exported 40 486 K $ US of pig fat free of lean meat and poultry fat in 2020, representing a strong 10.3% year-over-year increase. From 2017 to 2020, export value rose by 38%, averaging an annualized growth rate of 11.3%. The largest decline occurred in 2019 at 4.8%, while the largest increase was in 2018 at 31.4%.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	31.4%	(4.8%)	10.3%	11.3%

Source: SHEV.io

From 2017 to 2020, Russia (35.4% of export value), China (27.1%), and Belarus (4.2%) were the primary partners for exports in value terms, together making up 66.7% of total flows.

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

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io

Imports pig fat free of lean meat and poultry fat to Latin America and the Caribbean

Imports in kind, t

Imports of pig fat free of lean meat and poultry fat into Latin America and the Caribbean fell for the third year in a row. In 2020, the region imported 18 061 t, a gradual decrease of 3.8% from 2019. Over the period 2017-2020, imports dropped by 65.9%, with a compound annual decline rate of 30.1%.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(62.5%)	(5.4%)	(3.8%)	(30.1%)

Source: SHEV.io

During 2017–2020, Canada (36.6% of imports in kind), the United States (21.8%), and Spain (8.6%) formed the main group of partners for imports in kind of pig fat free of lean meat and poultry fat to Latin America and the Caribbean, jointly representing 67.0% of total flows.

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

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Latin America and the Caribbean's import value of pig fat free of lean meat and poultry fat increased for the second consecutive year. In 2020, imports totaled 34 996 K $ US, showing a moderate uptick of 3.4% year-over-year. However, between 2017 and 2020, import value decreased by 41%, averaging an annualized decline of 16.1%. The lowest value was in 2018 at 28 193 K $ US, which saw the largest decline of 52.5%, while the largest increase was in 2019 at 20.0%.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(52.5%)	20.0%	3.4%	(16.1%)

Source: SHEV.io

From 2017 to 2020, the United States (35.8% of import value), Canada (25.7%), and Spain (6.8%) remained the leading sources in the country structure of imports in value terms, with a combined share of 68.3% of total flows.

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

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io