IndexBox, Inc. has just published a new report “World – Lard – Market Analysis, Forecast, Size, Trends and Insights“. Here is a summary of the report’s key findings.
In 2017, imports of lard worldwide amounted to 459K tonnes, picking up by 3% against the previous year figure. In general, lard imports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2010, when import increased by 11% y-o-y. Global import peaked of 564K tonnes in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.
In value terms, lard imports totaled $378M in 2017. In general, it indicated a slight expansion from 2007 to 2017: the total imports value decreased at an average annual rate of -1.0% over the last ten years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Global import peaked of $568M in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.
Lard Imports By Country
The countries with the highest levels of lard imports in 2017 were Spain (77K tonnes), the Netherlands (56K tonnes), and Germany (51K tonnes), together finishing at 40% of total import. The U.S. (30K tonnes) occupied the second position in the ranking, followed by Belgium (29K tonnes), France (23K tonnes), and Denmark (22K tonnes). All these countries together held approx. 23% share of total imports. The following importers – Slovakia (20K tonnes), Mexico (19K tonnes), the UK (17K tonnes), Venezuela (12K tonnes), and Poland (12K tonnes) together made up 17% of total imports.
From 2007 to 2017, the most notable growth rate of imports, among the main importing countries, was attained by Germany (+13.1% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the largest lard markets worldwide were Spain ($63M), the Netherlands ($47M), and Germany ($25M), with a combined 36% share of global imports. These countries were followed by Belgium, France, the U.S., Mexico, the UK, Denmark, Venezuela, Slovakia and Poland, which together accounted for a further 42%.
The U.S. (+10.7% per year) had the highest rates of growth with regard to the imports, among the main importing countries, over the last 10 year period, while the other global leaders experienced more modest paces of growth.
Lard Import Prices By Country
In 2017, the average import price for lard amounted to $823 per tonne, moving up by 11% against the previous year. Over the last ten years it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2008, when import increased by 40% against the previous year level. Over the period under review, average import price for lard reached its maximum level of $1,008 per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.
Import prices varied noticeably by country of destination; the country with the highest import price was the UK ($1,132 per tonne), while Slovakia ($485 per tonne) was among the lowest.
From 2007 to 2017, the most notable growth rate of import prices was attained by Venezuela (+6.5% per year), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global lard market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
JBS S/A, Tyson Foods, Inc., Micarna SA, Rudolf Schär AG, Mérat & Cie. AG, Tyson Fresh Meats, Inc., Jbs USA Holdings, LLC, NH FOODS LTD., Smithfield Foods, Inc., Hormel Foods Corporation, Henan Shuanghui Investment and Development Co., Ltd., Jbs USA Food Company, Ernst Sutter AG, SULAI AG, Seaboard Corporation, Marfrig Global Foods S/A., AUSTRALIAN CONSOLIDATED FOOD INVESTMENTS PTY LIMITED, PRIMO MEATS PTY LTD, IMPOSETE PTY LTD, PRIMO RETAIL PTY LTD, P & M QUALITY SMALLGOODS PTY LTD, PRIMO GROUP HOLDINGS PTY LIMITED, PRIMA MEAT PACKERS, LTD., Darling Ingredients Inc., Minerva S/A, Bell Schweiz AG, Geiser AG, Bell International AG, Rosen’s Diversified, Inc., Danish Crown A/S, Seara Alimentos Ltda, S FOODS INC., Zhongshan Tanzhou Town Meat United Factory, Nortura Sa, Maple Leaf Foods Inc, SARIA SE & Co. KG, AGRICOLA TRE VALLI SOC COOP, SOCOPA VIANDES, Cooperativa Central Aurora Alimentos, Hyundai Green Food Co., Ltd., Nanjing Yurun Food Co., Ltd., National Beef Packing Company, L.L.C., GROUPE BIGARD, TEYS AUSTRALIA FOOD SOLUTIONS PTY LTD, Olymel S.E.C., COOPERL ARC ATLANTIQUE, A. Moksel GmbH, ANIMEX FOODS SP Z O O SPÓLKA KOMANDYTOWA, SILVER FERN FARMS CO-OPERATIVE LIMITED, YONEKYU CORPORATION.
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