The global export share of pig and poultry fat in US dollars is led by Germany, Canada, and the United States. Despite Germany witnessing a slight decline of -2.31%, its leadership is owing to a historically strong position. Canada and the United States displayed positive year-on-year growth, with the latter seeing a 6.81% increase. Poland and Chile are showing upward trends with significant growth numbers, contributing positively to European exports. On the other hand, Spain and Italy experienced notable declines, affecting the overall European contribution.
Among smaller players, significant increases are noted in Serbia, Estonia, and Kazakhstan, reflecting a shift in smaller economies pushing into the export market. Japan, though having a marginal share, recorded the highest percentage growth, showing potential future positioning. The decline in China's and Brazil's shares indicates potential market opportunities for other countries to capture.
Future trends to watch in the global export market for pig and poultry fat include:
- The ability of smaller markets like Serbia and Estonia to continue their upward trend and capitalize on increased demand.
- China's potential recovery to regain and possibly expand its market share.
- The impacts of economic policies and regulations in major exporting countries on their future market positions.
- Global demand shifts due to changes in dietary preferences and sustainability concerns, impacting overall volume and share distribution.
Top countries in Export of Pig and Poultry Fat Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15.76 | 2023 | -2.99% | -2.31% | View data |
| 2 | 2 Canada | 13.79 | 2023 | +2.33% | +3.07% | View data |
| 3 | 3 United States | 12.95 | 2023 | +3.76% | +6.81% | View data |
| 4 | 4 Poland | 9.64 | 2023 | +1.59% | +7.28% | View data |
| 5 | 5 Spain | 9.12 | 2023 | -3.79% | -4.07% | View data |
| 6 | 6 Chile | 6.47 | 2023 | +3.85% | +1.95% | View data |
| 7 | 7 Netherlands | 5.41 | 2023 | -4.07% | -3.01% | View data |
| 8 | 8 Italy | 4.39 | 2023 | -6.93% | -6.07% | View data |
| 9 | 9 Denmark | 4.17 | 2023 | -3.51% | +3.77% | View data |
| 10 | 10 Belgium | 2.61 | 2023 | -6.19% | -4.15% | View data |
