Belgium - Lard - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLard Price in Belgium - 2023
Contents:
- Lard Price in Belgium (FOB) - 2023
- Lard Price in Belgium (CIF) - 2023
- Lard Exports in Belgium
- Lard Imports in Belgium
Lard Price in Belgium (FOB) - 2023
In September 2023, the average lard export price amounted to $1,100 per ton, approximately reflecting the previous month. In general, the export price, however, saw a noticeable decline. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 3.4% month-to-month. Over the period under review, the average export prices reached the maximum at $1,559 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From October 2022 to September 2023, the rate of growth in terms of prices for the UK amounted to 0.0% per month.
Lard Price in Belgium (CIF) - 2023
In August 2023, the average lard import price amounted to $1,172 per ton, declining by -4.2% against the previous month. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in July 2023 an increase of 120% month-to-month. Over the period under review, average import prices attained the peak figure at $1,761 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($1,354 per ton), while the price for Denmark ($836 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+2.0%), while the prices for the other major suppliers experienced a decline.
Lard Exports in Belgium
In 2022, exports of lard from Belgium amounted to 32K tons, with an increase of 4.8% against the year before. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, the exports attained the peak of 42K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, lard exports soared to $39M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Lard in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 18.6 | 25.1 | 22.4 | 32.2 | 20.1% |
| France | 3.1 | 3.0 | 5.5 | 4.7 | 14.9% |
| Spain | 0.8 | 1.3 | 4.6 | 1.3 | 17.6% |
| Germany | 0.9 | 0.5 | 0.1 | 0.1 | -51.9% |
| Others | 0.4 | 0.4 | 0.6 | 0.9 | 31.0% |
| Total | 23.9 | 30.3 | 33.2 | 39.3 | 18.0% |
Top Export Markets for Lard from Belgium in 2022:
- Netherlands (27.4K tons)
- France (3.3K tons)
- Spain (1.0K tons)
- Germany (0.1K tons)
Lard Imports in Belgium
In 2022, approx. 11K tons of lard were imported into Belgium; picking up by 57% on the year before. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 94%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, lard imports surged to $15M in 2022. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 161% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Lard in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.0 | 2.1 | 3.8 | 7.5 | 35.7% |
| Germany | 0.4 | 0.4 | 1.7 | 6.3 | 150.7% |
| Denmark | 0.8 | 0.4 | 1.5 | 0.5 | -14.5% |
| France | 0.5 | 0.3 | 0.6 | 0.5 | 0.0% |
| Others | N/A | N/A | 1.1 | 0.4 | -63.6% |
| Total | 4.7 | 3.3 | 8.7 | 15.2 | 47.9% |
Top Suppliers of Lard to Belgium in 2022:
- Netherlands (5.7K tons)
- Germany (4.0K tons)
- Denmark (0.3K tons)
- France (0.3K tons)
This report provides an in-depth analysis of the lard market in Belgium. 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:
- FCL 1043 - Lard
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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
-
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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
633
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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.
4028
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
3890
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2267
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
690
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.
4028
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
3890
In 2015, the country with the largest volume of the lard output was China (X thousand tons), accounting for X% of global production.
2267
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
