Pig fat free of lean meat and poultry fat market in Singapore

Earlier Report Observations

The market for pig fat in Singapore grew from 3 060 t in 2018 to 3 833 t in 2019, supported by the Singapore Food Agency's accreditation of additional source countries like Portugal, which expanded import options and increased supply. This trend reversed in 2020 when the market volume dropped sharply to 2 601 t due to COVID-19 pandemic disruptions that constrained global supply chains and reduced imports.

Post-pandemic recovery drove the market to 4 197 t in 2021. Volume then stabilized around 4 100 t in 2022, underpinned by further diversification of approved import sources. In 2023, the market reached 4 242 t, partly fueled by the entry of a novel product segment following SFA's first tasting approval for cultivated pork fat, which introduced new supply dynamics.

Production pig fat free of lean meat and poultry fat in Singapore

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

Singapore's production of pig fat free of lean meat and poultry fat increased for the second consecutive year. In 2020, Singapore produced 1 373 tonnes, marking a 21.1% increase compared to 2019. Over the period from 2017 to 2020, production grew by 32.9%, with an average annual growth rate of 9.9%. The lowest production level was recorded in 2018 at 978 tonnes, which also saw the largest decline of 5.4% that year.

Annual dynamics of production in Singapore in kind, 2017-2020, t

Exports pig fat free of lean meat and poultry fat from Singapore

Exports in kind, t

The market exhibited significant volatility during this period. Exports reached their lowest point in 2019 at just 1 tonne, before surging to a peak of 148 tonnes in 2020, representing a dramatic 112-fold increase. This 2020 figure marked an extraordinary year-on-year growth of 11,115.9%. The largest decline occurred in 2019, with a drop of 52.0%.

Annual dynamics of product's exports from Singapore in kind, 2017-2020, t

From 2017 to 2020, Spain, Canada, and Malaysia remained the primary destinations for Singapore's exports of pig fat free of lean meat and poultry fat. Spain accounted for 46.5% of exports, Canada for 31.7%, and Malaysia for 16.2%, collectively representing 94.5% of total export flows.

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

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

Exports in value, K $ US

Market performance showed noticeable fluctuations during this period. Export values hit their lowest point in 2019 at 3 000 US dollars, before climbing to a peak of 183 000 US dollars in 2020, a 73-fold increase. This 2020 value represented a substantial year-on-year growth of 7,207.5%. The largest decline was recorded in 2019 at 39.1%.

Annual dynamics of product's exports from Singapore in value, 2017-2020, K $ US

During 2017–2020, Spain, Canada, and Malaysia continued to be the leading buyers of Singapore's pig fat free of lean meat and poultry fat in value terms. Spain accounted for 42.2% of export value, Canada for 37.5%, and Malaysia for 13.2%, together comprising 92.9% of total export value.

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

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

Imports pig fat free of lean meat and poultry fat to Singapore

Imports in kind, t

The import market displayed volatility over the observed period. Imports reached their lowest point in 2017, before peaking in 2019 at 2 700 tonnes, showing a 2.3-fold difference between these years. In 2020, imports to Singapore declined to 1 376 tonnes, a 49.0% decrease compared to 2019. The largest increase occurred in 2018, with a growth of 75.9%.

Annual dynamics of product's imports to Singapore in kind, 2017-2020, t

From 2017 to 2020, Spain, the Netherlands, and Canada were the main sources of imports for Singapore's pig fat free of lean meat and poultry fat. Spain contributed 22.8% of imports, the Netherlands 20.9%, and Canada 14.7%, together accounting for 58.4% of total import flows.

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

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

Imports in value, K $ US

Market behavior was characterized by volatility during these years. Import values were at their lowest in 2017, before reaching a high in 2019 at 3 911 000 US dollars, a 3.4-fold increase. In 2020, imports to Singapore totalled 2 064 000 US dollars, indicating a 47.2% contraction compared to 2019. The largest increase was recorded in 2019 at 105.6%.

Annual dynamics of product's imports to Singapore in value, 2017-2020, K $ US

Between 2017 and 2020, three key markets—Spain, the Netherlands, and Canada—collectively accounted for 59.0% of the total import value of pig fat free of lean meat and poultry fat to Singapore.

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

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