Lard Market

Lard market: get new facts and figures powered by an Ai-driven market intelligence platform. Facts and figures cover market prices, production, companies, trade, consumption, imports, exports, and market size. Here is a breakdown by country, including Africa, China, the U.S., the Middle East, Russia, the U.K., EU, and Latin America. Market dynamics and forecast to 2030 are also provided in the dashboards.


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Lard - World's Largest Markets

RatingCountry
1China
2Russia
3Brazil
4United States
5Germany

In value terms, China led the market, alone. The second position in the ranking was occupied by Russia. It was followed by Brazil.

In China, the lard market decreased by an average annual rate of -9.8% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: Russia (-13.8% per year) and Brazil (+3.8% per year).

Lard Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
Belgium6556237184.7%
Germany6386077619.2%
Sweden6846667947.7%
France896716871-1.4%
United States1067890956-5.3%
Italy11191047992-5.8%
Poland110511701056-2.2%
Canada1066108911082.0%
Netherlands1003109211617.6%
Austria99699311979.6%
Spain11381220140111.0%
Average8758519272.9%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Spain ($1,401 per tonne), while Belgium ($718 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
United Kingdom1218132013003.3%
United States1157119412483.9%
Mexico10738871054-0.9%
Switzerland8557619776.9%
Belgium9217499592.0%
Czech Republic8528389384.9%
France8038079307.6%
Netherlands70766786810.8%
Germany62662077911.6%
Spain7476217500.2%
Denmark6406027125.5%
Italy1001926564-24.9%
Slovakia722827345-30.9%
Average883837866-0.9%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the UK ($1,300 per tonne), while Slovakia ($345 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced more modest paces of growth.

Lard - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
Spain3123356.8%
Mexico1820194.3%
United Kingdom4.4131159.1%
Netherlands18178.4-31.0%
Slovakia1.72.77.8116.2%

In value terms, the largest lard importing markets worldwide were Spain ($35M), Mexico ($19M) and the UK ($11M), together accounting for 42% of global imports. These countries were followed by the Netherlands, Slovakia, Denmark, the United States, Germany, the Czech Republic, France, Switzerland, Italy and Belgium, which together accounted for a further 36%.

In terms of the main importing countries, Slovakia (+116.2% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Lard - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Germany2924335.9%
Belgium23243016.1%
Spain433320-31.9%
Italy14111710.1%
United States182017-1.8%

In value terms, the largest lard supplying countries worldwide were Germany ($33M), Belgium ($30M) and Spain ($20M), together comprising 43% of global exports. Italy, the United States, France, the Netherlands, Poland, Canada, Austria and Sweden lagged somewhat behind, together comprising a further 45%.

Poland (+54.4% per year) saw 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.

Lard - Market Forecast

Driven by rising demand for lard worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Lard - Top Companies

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

Lard - Product Coverage

  • HS 150110 - Pig fat; lard, other than that of heading 0209 and 1503
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World - Lard - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global lard market.

Africa - Lard - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lard market in Africa.

Australia and Oceania - Lard - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lard market in Australia and Oceania.

Latin America and the Caribbean - Lard - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lard market in Latin America and the Caribbean.

Eastern Asia - Lard - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lard market in Eastern Asia.

South-Eastern Asia - Lard - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lard market in South-Eastern Asia.

Middle East - Lard - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lard market in the Middle East.

Northern America - Lard - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lard market in Northern America.

Southern Asia - Lard - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lard market in Southern Asia.

Central Asia - Lard - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the lard market in Central Asia.

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