Earlier Report Observations
In 2018, production of pig fat in Macao stood at 412.9 t, but it fell to 360.1 t in 2019 and remained at that level through 2023. Imports began in 2019 at 36.8 t and jumped to 145.1 t in 2020, expanding the market size to 505.2 t. The surge in imports coincided with the COVID-19 pandemic, which prompted hygiene recommendations that increased consumer demand for frozen and preserved pork fat products. Additionally, the presence of local processor Macau Food Production and Processing Trading Co. Ltd. indicated ongoing activity in the sector.
Market size peaked at 544.1 t in 2021 as imports climbed to 184.0 t, supported by continued food safety measures. However, imports dropped to 130.6 t in 2022, pulling the market size down to 490.7 t. This decline aligned with the introduction of Administrative Regulation No. 5/2024 on food additives, which set stricter standards for processed pork fat. Imports then recovered to 169.9 t in 2023, lifting the market size to 530.0 t. In 2024, imports fell to 111.5 t, while joint warnings from Chinese authorities reinforced supervision over pre-prepared dishes, affecting the processed pork fat market.
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 Macao
- 5.1.1. Annual dynamics of production in Macao in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Macao 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, t
- 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, t
- 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 Macao
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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, t
- 6.1.2.1. Annual dynamics of product's imports to Macao in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Macao by countries, 2018-2024, t
- 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, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Macao in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Macao by countries, 2018-2024, K $ 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 Macao, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Macao 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, t
- 6.2.2.1. Annual dynamics of product's imports to Macao in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Macao by countries, 2018-2024, t
- 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, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Macao in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Macao by countries, 2018-2024, K $ 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 Macao, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Macao 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, t
- 7.1.2. In value, K $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, t
- 7.2.2. In value, K $ 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 Macao
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
In 2020, Macao produced 360.1 t of pig fat free of lean meat and poultry fat, remaining nearly unchanged from the previous year. Between 2017 and 2020, production decreased by 19.2%, which translates to an annualized decline of 6.9%. The lowest production level was recorded in 2019 at 360.1 t, with the largest year-on-year drop of 12.8% occurring that same year.
Annual dynamics of production in Macao in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (7.4%) | (12.8%) | - | (6.9%) |
Exports pig fat free of lean meat and poultry fat from Macao
Market analysis indicates that Macao did not export any pig fat free of lean meat and poultry fat from 2017 to 2020.
Imports pig fat free of lean meat and poultry fat to Macao
Imports in kind, t
In 2020, Macao's imports of pig fat free of lean meat and poultry fat totaled 145.1 t, marking a substantial 294.4% increase compared to 2019.
Annual dynamics of product's imports to Macao in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | 294.4% | - |
From 2017 to 2020, Poland and China were the primary sources for imports in kind, together accounting for 83.2% of total imports, with other partners making up the remainder.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Macao in kind, 2017-2020
Imports in value, K $ US
In 2020, the value of pig fat free of lean meat and poultry fat imports into Macao reached 218.2 thousand US dollars, showing a significant year-on-year rise of 419.5%.
Annual dynamics of product's imports to Macao in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | 419.5% | - |
During the 2017–2020 period, Poland and China dominated imports in value terms, jointly representing 80.2% of total import flows, while other markets accounted for the rest.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Macao in value, 2017-2020
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