Pig offal market in Asia

Earlier Report Observations

The Asian pig offal market experienced a significant contraction in 2019 and 2020, with volume dropping by over 500 000 tons from the 2018 peak of 3.7 million tons. This downturn was followed by a sustained recovery, with market size climbing to nearly 4 million tons by 2023, surpassing pre-contraction levels.

The market's movement closely mirrored domestic production trends, which fell sharply in 2019 before gradually rebounding. Concurrently, export volumes declined steadily from 235 000 tons in 2018 to just 109 000 tons in 2023, freeing more supply for the domestic market. Imports remained a stable supplementary source, fluctuating around 300 000 tons annually.

In value terms, the market's decline was even more pronounced, falling from 56.7 billion dollars in 2018 to 37.4 billion in 2020, indicating potential pressure on prices or a shift in product mix. The subsequent recovery saw the market value reach 49.2 billion dollars by 2023, though still below the 2018 high.

Production pig offal in Asia

In kind, 2017-2020, K t

Top producers of pig offal, 2017-2020

World map of production of pig offal, 2017-2020

Asia's pig offal production has been declining for three consecutive years. In 2020, production reached 3 020 K t, marking a 2.6% decrease compared to the previous year. From 2017 to 2020, production fell by 18.6%, which translates to an annualized decline rate of 6.6%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

Pig offal production in Asia declined for the second year in a row. In 2020, the output was valued at 19 462 M $ US, representing a 3.9% drop from the prior year. Between 2017 and 2020, production decreased by 18.1%, with a compound annual growth rate (CAGR) of -6.4%. The highest value was recorded in 2018 at 23 921 M $ US. The most significant decline occurred in 2019, with a 15.4% decrease, while the largest increase was in 2018, at 0.7%.

Annual dynamics of production in Asia in value, 2017-2020, M $ US

Exports pig offal from Asia

Exports in kind, K t

Exported volumes of pig offal from Asia have fallen for three consecutive years. In 2020, exports stood at 174.4 K t, reflecting a 6.3% decrease from the previous year. From 2017 to 2020, exports dropped by 27.3%, equating to an annualized decline rate of 10.1%.

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

Data from 2017 to 2020 show that pig offal exports from Asia were not heavily concentrated among a few key destinations. Germany accounted for 20.7% of exports in kind, the United States for 16.0%, and the Netherlands for 9.1%. Together, these three countries represented only 45.8% of total export flows.

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

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

Exports in value, M $ US

Pig offal deliveries from Asia declined for the second consecutive year. In 2020, the export value was 1 124 M $ US, indicating a moderate decrease of 7.6% compared to the previous year. Over the period from 2017 to 2020, exports fell by 26.9%, with a compound annual growth rate (CAGR) of -9.9%. The peak value was recorded in 2018 at 1 541 M $ US. The largest decline occurred in 2019, with a 21.1% drop, while the largest increase was in 2018, at 0.2%.

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

From 2017 to 2020, Germany was the largest buyer of pig offal from Asia in value terms, accounting for 23.5% of exports, followed by the Netherlands at 8.3% and the United States at 7.4%. However, even combined, these three countries represented just 39.2% of total export value, indicating a broadly diversified partner base.

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

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

Imports pig offal to Asia

Imports in kind, K t

After two years of decline, pig offal imports into Asia increased in 2020. Import volume reached 278.8 K t, up by 5.9% year-over-year. Over the period from 2017 to 2020, imports grew by 4.5%, with a compound annual growth rate (CAGR) of 1.5%. The lowest volume was recorded in 2019 at 263.2 K t. The largest decline occurred in 2018, with a 0.8% decrease.

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

From 2017 to 2020, the United States remained the main supplier of pig offal to Asia in kind, accounting for 29.0% of imports, followed by Australia at 17.1% and New Zealand at 9.3%. Together, these three countries formed 55.4% of total import volumes.

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

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

Imports in value, M $ US

After two years of growth, imported pig offal volumes into Asia declined in 2020. The import value came to 927 M $ US, showing a limited contraction of 4.4% year-over-year. Over the period from 2017 to 2020, imports increased by 19.4%, with a compound annual growth rate (CAGR) of 6.1%. The highest value was recorded in 2019 at 970 M $ US. The largest increase occurred in 2018, with a 15.4% rise.

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

Between 2017 and 2020, the United States was the leading destination in the import structure by value, accounting for 24.1% of imports, followed by Australia at 15.3% and New Zealand at 14.7%. These three countries combined represented 54.2% of total import flows.

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

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