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World - Lard - Market Analysis, Forecast, Size, Trends and Insights

  • ID: 4701061
  • Report
  • January 2020
  • Region: Global
  • IndexBox Inc.
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Global Lard Market to Grow 1.6% a Year through 2025, Fuelled by Rising Demand in China

The global lard market revenue amounted to $15.7B in 2018, jumping by 2.9% 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). The market value increased at an average annual rate of +2.1% from 2012 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the market value increased by 6.6% against the previous year. Over the period under review, the global lard market attained its peak figure level in 2018 and is expected to retain its growth in the near future.

Consumption By Country

The country with the largest volume of lard consumption was China (2.6M tonnes), accounting for 40% of total consumption. Moreover, lard consumption in China exceeded the figures recorded by the world's second-largest consumer, Germany (615K tonnes), fourfold. Brazil (478K tonnes) ranked third in terms of total consumption with a 7.3% share.

From 2012 to 2018, the average annual growth rate of volume in China totaled +2.2%. In other countries, the average annual rates were as follows: Germany (+0.7% per year) and Brazil (+1.3% per year).

In value terms, China ($11.1B) led the market, alone. The second position in the ranking was occupied by Russia ($1B). It was followed by Brazil.

The countries with the highest levels of lard per capita consumption in 2018 were Belgium (12,397 kg per 1000 persons), Germany (7,481 kg per 1000 persons) and Canada (4,662 kg per 1000 persons).

From 2012 to 2018, the most notable rate of growth in terms of lard per capita consumption, amongst the main consuming countries, was attained by Russia, while the other global leaders experienced more modest paces of growth.

Market Forecast 2019-2025

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. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.6% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 7.3M tonnes by the end of 2025.

Production 2007-2018

Global lard production totaled 6.5M tonnes in 2018, increasing by 2% against the previous year. The total output volume increased at an average annual rate of +1.6% over the period from 2012 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 2.5% against the previous year. The global lard production peaked in 2018 and is expected to retain its growth in the immediate term.

In value terms, lard production stood at $15.6B in 2018 estimated in export prices. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2018; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. The global lard production peaked in 2018 and is likely to continue its growth in the near future.

Production By Country

The country with the largest volume of lard production was China (2.6M tonnes), accounting for 39% of total production. Moreover, lard production in China exceeded the figures recorded by the world's second-largest producer, Germany (653K tonnes), fourfold. The third position in this ranking was occupied by Brazil (481K tonnes), with a 7.4% share.

In China, lard production expanded at an average annual rate of +2.3% over the period from 2012-2018. In other countries, the average annual rates were as follows: Germany (+0.6% per year) and Brazil (+1.3% per year).

Exports 2007-2018

In 2018, approx. 243K tonnes of lard were exported worldwide; jumping by 9.2% against the previous year. Over the period under review, lard exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 11% y-o-y. The global exports peaked in 2018 and are likely to continue their growth in the near future.

In value terms, lard exports amounted to $220M (estimates) in 2018. In general, lard exports continue to indicate a slight setback. The most prominent rate of growth was recorded in 2017 when exports increased by 26% y-o-y. The global exports peaked at $241M in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

Germany (46K tonnes), Spain (45K tonnes) and Belgium (35K tonnes) represented roughly 52% of the total exports of lard in 2018. The U.S. (17K tonnes) ranks next in terms of the total exports with a 6.9% share, followed by the Netherlands (5.7%), Italy (5.3%) and Austria (5%). France (10,645 tonnes), Canada (9,206 tonnes), Denmark (7,849 tonnes), Poland (7,002 tonnes) and Portugal (4,028 tonnes) took a minor share of total exports.

From 2012 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Portugal, while the other global leaders experienced more modest paces of growth.

In value terms, Spain ($57M), Germany ($31M) and Belgium ($23M) appeared to be the countries with the highest levels of exports in 2018, together comprising 50% of global exports. The U.S., Italy, the Netherlands, Canada, Poland, France, Austria, Denmark, and Portugal lagged somewhat behind, together accounting for a further 41%.

In terms of the main exporting countries, Portugal experienced the highest rates of growth with regard to exports, over the last six years, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average lard export price amounted to $902 per tonne, falling by -4.1% against the previous year. Over the period under review, the lard export price continues to indicate a temperate slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 15% against the previous year. The global export price peaked at $1,027 per tonne in 2012; however, from 2013 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($1,359 per tonne), while Austria ($452 per tonne) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced mixed trends in the export price figures.

Imports 2007-2018

Global imports stood at 223K tonnes in 2018, increasing by 8.2% against the previous year. The total import volume increased at an average annual rate of +1.3% from 2012 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 11% y-o-y. In that year, global lard imports attained their peak of 236K tonnes. From 2016 to 2018, the growth of global lard imports remained at a somewhat lower figure.

In value terms, lard imports totaled $194M (estimates) in 2018. In general, lard imports continue to indicate a moderate drop. The pace of growth appeared the most rapid in 2017 with an increase of 11% y-o-y. Over the period under review, global lard imports attained their peak figure at $227M in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Spain (50K tonnes), distantly followed by the Netherlands (26K tonnes), Mexico (20K tonnes), Slovakia (18K tonnes), Denmark (16K tonnes) and France (11K tonnes) were the key importers of lard, together achieving 63% of total imports. Belgium (9,105 tonnes), the UK (7,294 tonnes), Germany (7,042 tonnes), the U.S. (6,910 tonnes), Portugal (6,763 tonnes) and the Philippines (5,311 tonnes) followed a long way behind the leaders.

From 2012 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Philippines, while the other global leaders experienced more modest paces of growth.

In value terms, Spain ($41M), Mexico ($22M) and the Netherlands ($18M) were the countries with the highest levels of imports in 2018, with a combined 42% share of global imports. Denmark, Belgium, France, the U.S., the UK, Germany, Slovakia, Portugal and the Philippines lagged somewhat behind, together accounting for a further 35%.

Slovakia experienced the highest growth rate of imports, in terms of the main importing countries over the last six-year period, while the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average lard import price amounted to $870 per tonne, standing approx. at the previous year. In general, the lard import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 13% y-o-y. Over the period under review, the average import prices for lard attained their peak figure at $1,100 per tonne in 2012; however, from 2013 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($1,157 per tonne), while the Philippines ($131 per tonne) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by Denmark, while the other global leaders experienced mixed trends in the import price figures.

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.

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in World, split by region and country
  • Trade (exports and imports) in World
  • 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:

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

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1. Introduction
Making Data-Driven Decisions To Grow Your Business
1.1 Report Description
1.2 Research Methodology And Ai Platform
1.3 Data-Driven Decisions For Your Business
1.4 Glossary And Specific Terms

2. Executive Summary
A Quick Overview Of Market Performance
2.1 Key Findings
2.2 Market Trends

3. Market Overview
Understanding The Current State Of The Market And Its Prospects
3.1 Market Size
3.2 Consumption By Country
3.3 Market Forecast To 2025

4. Most Promising Products
Finding New Products To Diversify Your Business
4.1 Top Products To Diversify Your Business
4.2 Best-Selling Products Worldwide
4.3 Most Consumed Product Worldwide
4.4 Most Traded Product
4.5 Most Profitable Product For Export

5. Most Promising Supplying Countries
Choosing The Best Countries To Establish Your Sustainable Supply Chain

5.1 Top Countries To Source Your Product
5.2 Top Producing Countries
5.3 Top Exporting Countries
5.4 Low-Cost Exporting Countries

6. Most Promising Overseas Markets
Choosing The Best Countries To Boost Your Exports

6.1 Top Overseas Markets For Exporting Your Product
6.2 Top Consuming Markets
6.3 Unsaturated Markets
6.4 Top Importing Markets
6.5 Most Profitable Markets

7. Global Production
The Latest Trends And Insights Into The Industry
7.1 Production Volume And Value
7.2 Production By Country

8. Global Imports
The Largest Importers On The Market And How They Succeed
8.1 Imports From 2007-2017
8.2 Imports By Country
8.3 Import Prices By Country

9. Global Exports
The Largest Exporters On The Market And How They Succeed
9.1 Exports From 2007-2017
9.2 Exports By Country
9.3 Export Prices By Country

10. Profiles Of Major Producers
The Largest Producers On The Market And Their Profiles

11. Country Profiles
The Largest Markets And Their Profiles

List Of Tables
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007-2017
Table 3: Market Value, 2007-2017
Table 4: Per Capita Consumption, By Country, 2015-2017
Table 5: Production, In Physical Terms, By Country, 2007-2017
Table 6: Imports, In Physical Terms, By Country, 2007-2017
Table 7: Imports, In Value Terms, By Country, 2007-2017
Table 8: Import Prices, By Country Of Destination, 2007-2017
Table 9: Exports, In Physical Terms, By Country, 2007-2017
Table 10: Exports, In Value Terms, By Country, 2007-2017
Table 11: Export Prices, By Country Of Origin, 2007-2017

List Of Figures
Figure 1: Market Volume, In Physical Terms, 2007-2017
Figure 2: Market Value, 2007-2017
Figure 3: Consumption, By Country, 2017
Figure 4: Market Forecast To 2025
Figure 5: Products: Market Size And Growth, By Type
Figure 6: Products: Average Per Capita Consumption, By Type
Figure 7: Products: Exports And Growth, By Type
Figure 8: Products: Export Prices And Growth, By Type
Figure 9: Production Volume And Growth
Figure 10: Exports And Growth
Figure 11: Export Prices And Growth
Figure 12: Market Size And Growth
Figure 13: Per Capita Consumption
Figure 14: Imports And Growth
Figure 15: Import Prices
Figure 16: Production, In Physical Terms, 2007-2017
Figure 17: Production, In Value Terms, 2007-2017
Figure 18: Production, By Country, 2017
Figure 19: Production, In Physical Terms, By Country, 2007-2017
Figure 20: Imports, In Physical Terms, 2007-2017
Figure 21: Imports, In Value Terms, 2007-2017
Figure 22: Imports, In Physical Terms, By Country, 2017
Figure 23: Imports, In Physical Terms, By Country, 2007-2017
Figure 24: Imports, In Value Terms, By Country, 2007-2017
Figure 25: Import Prices, By Country, 2007-2017
Figure 26: Exports, In Physical Terms, 2007-2017
Figure 27: Exports, In Value Terms, 2007-2017
Figure 28: Exports, In Physical Terms, By Country, 2017
Figure 29: Exports, In Physical Terms, By Country, 2007-2017
Figure 30: Exports, In Value Terms, By Country, 2007-2017
Figure 31: Export Prices, 2007-2017

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  • 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
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