Pig fat free of lean meat and poultry fat market in the United States

Earlier Report Observations

The United States market for pig fat free of lean meat and poultry fat expanded from 3 133 тыс. т in 2018 to a peak of 3 387 тыс. т in 2020, driven by consistent annual growth. This increase reflected a broader expansion in domestic production, which rose from 3 196 тыс. т to 3 437 тыс. т over the same two-year period.

After 2020, market volume experienced a mild adjustment, declining to 3 320 тыс. т in 2021 and further to 3 270 тыс. т in 2022, a combined reduction of less than 3.5% from the peak. The market stabilized in 2023, with volume recovering slightly to 3 305 тыс. т, indicating a return to balance near the 3.3 million-ton level as production also steadied.

Production pig fat free of lean meat and poultry fat in the United States

In kind, 2017-2020, K t

From 2017 to 2020, the United States was the world's largest producer 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

The United States saw its production of pig fat free of lean meat and poultry fat rise for the third year in a row. In 2020, the country produced 3 437 K t, marking a slight increase of 2.4% compared to 2019. Over the period from 2017 to 2020, production grew by 10.6%, which translates to an annualized rate of 3.4%.

Annual dynamics of production in the United States in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Following two years of growth, the value of pig fat free of lean meat and poultry fat production in the United States fell. In 2020, output was valued at 2 720 M $ US, down 5.5% from 2019. Between 2017 and 2020, production value increased by 15.9%, with a compound annual growth rate (CAGR) of 5.0%. The highest value was recorded in 2019 at 2 878 M $ US, while the largest increase occurred in 2018 at 11.8%.

Annual dynamics of production in the United States in value, 2017-2020, M $ US

Exports pig fat free of lean meat and poultry fat from the United States

Exports in kind, K t

After two years of decline, the United States experienced an uptick in exports of pig fat free of lean meat and poultry fat. In 2020, the country exported 55.5 K t, representing a robust gain of 14.1% from the previous year. From 2017 to 2020, exports decreased by 52.4%, equating to an annualized rate of 21.9%. The lowest volume was recorded in 2019 at 48.6 K t, and the largest decline took place in 2018 at 42.1%.

Annual dynamics of product's exports from the United States in kind, 2017-2020, K t

Between 2017 and 2020, Mexico, South Korea, and the United Kingdom formed the core group of markets for exports in kind. Mexico accounted for 43.9% of exports, South Korea for 19.5%, and the United Kingdom for 13.5%, together representing 76.9% of total flows.

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

World map of product's exports from the United States in kind, 2017-2020

Exports in value, K $ US

Following a two-year decline, the United States saw an increase in the value of pig fat free of lean meat and poultry fat exports. In 2020, exports totaled 43 913 K $ US, up 5.3% from 2019. Over the period from 2017 to 2020, export value decreased by 50.2%, with a CAGR of 20.7%. The lowest value was recorded in 2019 at 41 707 K $ US, and the largest decline occurred in 2018 at 37.1%.

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

From 2017 to 2020, Mexico, South Korea, and the United Kingdom stood out as the main markets for exports in value terms. Mexico held a 44.1% share, South Korea 21.1%, and the United Kingdom 12.0%, together accounting for 77.2% of total flows.

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

World map of product's exports from the United States in value, 2017-2020

Imports pig fat free of lean meat and poultry fat to the United States

Imports in kind, K t

The market displayed volatility during the observed period. Imports reached their lowest point in 2017 and peaked in 2020, with a two-fold gap between these years. In 2020, the United States imported 5.1 K t, amounting to a 13.4% year-over-year increase. The largest decline was recorded in 2019 at 3.0%, while the largest increase occurred in 2018 at 80.9%.

Annual dynamics of product's imports to the United States in kind, 2017-2020, K t

Over the period from 2017 to 2020, Canada was the key and nearly sole market for imports in kind of pig fat free of lean meat and poultry fat to the United States, accounting for 95.5% of total flows.

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

World map of product's imports to the United States in kind, 2017-2020

Imports in value, K $ US

The value of imported pig fat free of lean meat and poultry fat in the United States increased for the third consecutive year. In 2020, imports amounted to 9 112 K $ US, showing a solid improvement of 15.6% compared to 2019. Between 2017 and 2020, import value rose by 142.6%, with a CAGR of 34.4%.

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

Throughout 2017 to 2020, Canada remained the dominant and almost sole destination for imports in value terms of pig fat free of lean meat and poultry fat to the United States, with a share of 92.6%.

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

World map of product's imports to the United States in value, 2017-2020