World - Lard And Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRendered Pig Fat Market
The rendered pig fat market is anticipated to experience a downward consumption trend from 2022 to 2030, with a projected decrease in market volume and value. Global consumption of lard and other pig fat increased in 2022, with the United States, Spain, and Singapore leading in consumption. Production of rendered pig fat also saw a rise, with the Netherlands exhibiting strong growth. Imports and exports of rendered pig fat showed fluctuations, with France, the United States, and Germany dominating in exports. Prices varied by country, with Italy experiencing notable growth. Overall, the rendered pig fat market is expected to see gradual growth in the near future.
Market Forecast
The rendered pig fat market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -2.2% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 1.4M tons by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +0.3% for the period from 2022 to 2030, which is projected to bring the market value to $2.2B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Lard And Other Pig Fat (Rendered)
In 2022, consumption of lard and other pig fat (rendered) increased by 2.9% to 1.7M tons, rising for the third year in a row after four years of decline. The total consumption volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in years to come.
The global rendered pig fat market revenue surged to $2.1B in 2022, with an increase of 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +127.5% against 2019 indices. Over the period under review, the global market reached the maximum level in 2022 and is likely to continue growth in years to come.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (416K tons), Spain (311K tons) and Singapore (296K tons), with a combined 60% share of global consumption. Poland, the Netherlands, Germany and Belgium lagged somewhat behind, together accounting for a further 24%.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +46.3%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Singapore ($544M), the United States ($423M) and Spain ($227M) constituted the countries with the highest levels of market value in 2022, with a combined 56% share of the global market. The Netherlands, Poland, Germany and Belgium lagged somewhat behind, together comprising a further 25%.
The Netherlands, with a CAGR of +56.1%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of rendered pig fat per capita consumption was registered in Singapore (51 kg per person), followed by Spain (6.6 kg per person), the Netherlands (6.1 kg per person) and Belgium (5.8 kg per person), while the world average per capita consumption of rendered pig fat was estimated at 0.2 kg per person.
From 2012 to 2022, the average annual rate of growth in terms of the rendered pig fat per capita consumption in Singapore totaled +12.4%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Spain (+1.7% per year) and the Netherlands (+45.8% per year).
Production
World Production of Lard And Other Pig Fat (Rendered)
In 2022, production of lard and other pig fat (rendered) increased by 12% to 1.8M tons, rising for the second year in a row after four years of decline. The total output volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19%. Over the period under review, global production hit record highs in 2022 and is likely to see gradual growth in the immediate term.
In value terms, rendered pig fat production soared to $2.3B in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +100.9% against 2019 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.
Production By Country
The countries with the highest volumes of production in 2022 were the United States (425K tons), Singapore (296K tons) and Spain (288K tons), with a combined 56% share of global production. Germany, Poland, France, Italy, Belgium, the Netherlands, Denmark, Canada and Sweden lagged somewhat behind, together accounting for a further 39%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by the Netherlands (with a CAGR of +636.0%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Lard And Other Pig Fat (Rendered)
In 2022, supplies from abroad of lard and other pig fat (rendered) decreased by -38.5% to 364K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a pronounced shrinkage. The growth pace was the most rapid in 2020 when imports increased by 32% against the previous year. As a result, imports attained the peak of 598K tons. From 2021 to 2022, the growth of global imports remained at a somewhat lower figure.
In value terms, rendered pig fat imports reduced notably to $517M in 2022. Overall, imports, however, posted a noticeable increase. The growth pace was the most rapid in 2021 with an increase of 50%. As a result, imports attained the peak of $634M, and then shrank sharply in the following year.
Imports By Country
The countries with the highest levels of rendered pig fat imports in 2022 were the Netherlands (57K tons), the United States (52K tons), Belgium (50K tons), Spain (44K tons), France (31K tons) and Slovakia (30K tons), together accounting for 72% of total import. It was distantly followed by Poland (19K tons), mixing up a 5.3% share of total imports. The UK (13K tons), Germany (9.1K tons), Italy (9K tons), Hungary (6.1K tons) and the Czech Republic (5.7K tons) followed a long way behind the leaders.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by France (with a CAGR of +15.2%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest rendered pig fat importing markets worldwide were the Netherlands ($85M), Belgium ($76M) and the United States ($71M), with a combined 45% share of global imports. Spain, France, the UK, Slovakia, Poland, Germany, Italy, the Czech Republic and Hungary lagged somewhat behind, together comprising a further 42%.
Among the main importing countries, France, with a CAGR of +18.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average rendered pig fat import price stood at $1,422 per ton in 2022, with an increase of 33% against the previous year. In general, the import price posted resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 52% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($1,981 per ton), while Slovakia ($773 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Lard And Other Pig Fat (Rendered)
In 2022, shipments abroad of lard and other pig fat (rendered) decreased by -15.9% to 460K tons, falling for the third year in a row after three years of growth. Overall, exports recorded a mild curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 21% against the previous year. Over the period under review, the global exports attained the maximum at 678K tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, rendered pig fat exports totaled $672M in 2022. In general, exports, however, continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The global exports peaked in 2022 and are likely to see gradual growth in years to come.
Exports By Country
France (72K tons), the United States (60K tons), Germany (55K tons), Canada (51K tons), Belgium (46K tons), Italy (36K tons), Sweden (26K tons), Denmark (25K tons), Spain (21K tons), Poland (14K tons) and the Netherlands (14K tons) represented roughly 92% of total exports in 2022.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Italy (with a CAGR of +13.7%), while the other global leaders experienced more modest paces of growth.
In value terms, the largest rendered pig fat supplying countries worldwide were France ($111M), the United States ($94M) and Germany ($79M), with a combined 42% share of global exports. Canada, Belgium, Italy, Denmark, Sweden, Spain, Poland and the Netherlands lagged somewhat behind, together accounting for a further 51%.
Italy, with a CAGR of +15.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average rendered pig fat export price amounted to $1,462 per ton, increasing by 24% against the previous year. Over the period under review, the export price enjoyed pronounced growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 35%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.
Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($1,818 per ton) and the Netherlands ($1,745 per ton), while Belgium ($1,282 per ton) and Canada ($1,344 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.2%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global rendered pig fat 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 2030.
Product coverage:
- Prodcom 10115060 - Lard and other pig fat, rendered
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global rendered pig fat market.
This report provides an in-depth analysis of the global lard market.
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Driven by increasing demand for lard in China, the world market is expected to continue an upward consumption trend over the next seven-year period.
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
The U.S. dominates in the global lard trade. In 2014, the U.S. exported X thousand tons of lard totaling X million USD, X% under the previous year. Its primary trading partner was Mexico, where it supplied X% of its total lard exports in value t