Report Update: Apr 1, 2024

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

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Lard Price in Canada - 2023

Lard Price in Canada (FOB) - 2023

The average lard export price stood at $1,021 per ton in September 2023, approximately mirroring the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 2.4% against the previous month. The export price peaked at $1,074 per ton in December 2022; however, from January 2023 to September 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In September 2023, the highest price was recorded for prices to the United States ($1,103 per ton) and Mexico ($912 per ton), while the average price for exports to New Zealand ($849 per ton) and Australia ($849 per ton) were amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.1%), while the prices for the other major destinations experienced a decline.

Lard Price in Canada (CIF) - 2022

In 2022, the average lard import price amounted to $1,978 per ton, surging by 20% against the previous year. In general, the import price showed a perceptible expansion. The pace of growth appeared the most rapid in 2021 an increase of 39%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.2% per year.

Lard Exports in Canada

In 2022, approx. 17K tons of lard were exported from Canada; growing by 39% compared with the year before. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, lard exports surged to $18M in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Lard in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	6.3	5.7	9.1	13.3	28.3%
Mexico	0.5	0.4	1.5	1.4	40.9%
New Zealand	0.8	0.6	0.9	1.1	11.2%
Hong Kong SAR	0.9	0.7	1.2	1.0	3.6%
Australia	0.5	0.4	0.6	0.8	17.0%
Belize	0.2	0.2	0.3	0.4	26.0%
China	0.5	0.7	0.4	N/A	-10.6%
Others	0.5	0.2	0.2	0.4	-7.2%
Total	10.2	8.7	14.3	18.4	21.7%

Top Export Markets for Lard from Canada in 2022:

United States (11.7K tons)
Mexico (1.5K tons)
New Zealand (1.3K tons)
Hong Kong SAR (1.0K tons)
Australia (0.9K tons)
Belize (0.4K tons)

Lard Imports in Canada

For the third consecutive year, Canada recorded decline in supplies from abroad of lard, which decreased by -33.2% to 107 tons in 2022. Over the period under review, imports recorded a sharp shrinkage. The smallest decline of -21.7% was in 2021.

In value terms, lard imports shrank rapidly to $211K in 2022. In general, imports showed a perceptible contraction. The growth pace was the most rapid in 2021 when imports increased by 9.3% against the previous year. As a result, imports reached the peak of $263K, and then dropped markedly in the following year.

Import of Lard in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	243	232	260	209	-4.9%
Others	2.3	9.1	3.3	2.9	8.0%
Total	245	241	263	211	-4.9%

Top Suppliers of Lard to Canada in 2022:

United States (104.7 tons)

Source: IndexBox Market Intelligence Platform

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

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023