Earlier Report Observations
Thailand's pig fat market volume experienced modest fluctuations from 2018 to 2023, rising from 36 961 t to a high of 39 275 t in 2022 before settling at 37 711 t in 2023. Domestic production remained steady near 38 000 t, while import volatility and growing exports contributed to market size movements.
Recent developments in 2024 included stringent enforcement against illegal pork imports, which collapsed import volumes to merely 1 t. At the same time, consumer spending caution amid economic slowing reshaped domestic demand for pork products, including pig fat.
The market structure evolved with the expansion of major processor Thai Foods, and industry coordination to reduce sow herds aimed at stabilizing supply. Price control measures were also employed to prevent market manipulation, reflecting responses to external cost pressures from feed and energy markets.
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 Thailand
- 5.1.1. Annual dynamics of production in Thailand in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Thailand 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 Thailand
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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 Thailand in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Thailand 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 Thailand in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Thailand 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/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Thailand, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Thailand by countries, 2018-2024, $ US/kg
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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 Thailand in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Thailand 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 Thailand in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Thailand 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/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Thailand, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Thailand by countries, 2018-2024, $ US/kg
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Thailand in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Thailand by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Thailand in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Thailand by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from Thailand, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from Thailand by countries, 2018-2024, $ US/kg
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Thailand in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Thailand by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Thailand in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Thailand by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from Thailand, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from Thailand by countries, 2018-2024, $ US/kg
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production pig fat free of lean meat and poultry fat in Thailand
In kind, 2017-2020, t
From 2017 to 2020, Thailand ranked 17th globally in the production of pig fat free of lean meat and poultry fat.
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
Thailand's production of pig fat free of lean meat and poultry fat increased for the second year in a row. In 2020, the country produced 37 873 tonnes, marking a slight gain of 0.9% compared to the previous year. The lowest production level was recorded in 2018 at 36 708 tonnes, which also saw the largest decline of 2.5%. In contrast, 2019 experienced the largest increase of 2.3%.
Annual dynamics of production in Thailand in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (2.5%) | 2.3% | 0.9% | 0.2% |
Exports pig fat free of lean meat and poultry fat from Thailand
Exports in kind, t
The market showed noticeable fluctuations during this period. Exports bottomed in 2019 at 10 tonnes and peaked in 2020 at 92 tonnes, representing an 8.9-fold difference. In 2020, Thailand exported 92 tonnes of pig fat free of lean meat and poultry fat, which was an abrupt rise of 790.7% from the previous year. The largest decline occurred in 2018, dropping by 75.0%.
Annual dynamics of product's exports from Thailand in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (75.0%) | (30.6%) | 790.7% | 15.7% |
From 2017 to 2020, Malaysia, India, and Japan were the main markets for Thailand's exports in kind, accounting for 32.9%, 18.3%, and 15.6% of exports, respectively. Together, these three countries represented 66.8% of total export flows.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Thailand in kind, 2017-2020
Exports in value, K $ US
The market exhibited signs of volatility over the observed period. Exports in value terms reached their lowest point in 2019 at 19.7 thousand US dollars and peaked in 2020 at 211.0 thousand US dollars, showing a 10.7-fold amplitude. In 2020, Thailand's exports of pig fat free of lean meat and poultry fat amounted to 211.0 thousand US dollars, up by 973.8% compared to the previous year. The largest decline was recorded in 2019, falling by 63.3%.
Annual dynamics of product's exports from Thailand in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (59.2%) | (63.3%) | 973.8% | 17.2% |
Between 2017 and 2020, Sweden, India, and Malaysia were the primary markets for Thailand's exports in value terms, contributing 32.7%, 20.2%, and 19.2% of exports, respectively. Collectively, these three countries accounted for 72.1% of total export flows.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Thailand in value, 2017-2020
Imports pig fat free of lean meat and poultry fat to Thailand
Imports in kind, t
The market demonstrated volatility during this period. Imports hit their lowest point in 2018 at 268 tonnes and peaked in 2019 at 1 650 tonnes, with a 6.2-fold difference. In 2020, Thailand imported 683 tonnes of pig fat free of lean meat and poultry fat, down by 58.6% from the previous year. The largest decline occurred in 2018, decreasing by 72.9%, while the largest increase was in 2019, rising by 515.6%.
Annual dynamics of product's imports to Thailand in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (72.9%) | 515.6% | (58.6%) | (11.6%) |
From 2017 to 2020, Germany, the Netherlands, and Denmark were the largest suppliers of pig fat free of lean meat and poultry fat to Thailand in kind, accounting for 28.1%, 11.9%, and 8.4% of imports, respectively. However, their combined share was limited to 48.5% of total imports, indicating a diversified country structure.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Thailand in kind, 2017-2020
Imports in value, K $ US
The market showed signs of volatility over the observed period. Imports in value terms reached their trough in 2018 at 188.0 thousand US dollars and peaked in 2019 at 808.5 thousand US dollars, with a 4.3-fold gap. In 2020, Thailand's imports of pig fat free of lean meat and poultry fat totaled 356.1 thousand US dollars, marking a reduction of 56.0% compared to the previous year. The largest decline was in 2018, falling by 64.6%, while the largest increase was in 2019, rising by 330.1%.
Annual dynamics of product's imports to Thailand in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (64.6%) | 330.1% | (56.0%) | (12.4%) |
Over the period from 2017 to 2020, Germany, Denmark, and the Netherlands were the main suppliers of pig fat free of lean meat and poultry fat to Thailand in value terms, contributing 25.8%, 18.8%, and 11.0% of imports, respectively. Together, these three countries comprised 55.6% of total imports in value terms.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Thailand in value, 2017-2020
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