Japan - Lard - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLard Price in Japan - 2023
Contents:
- Lard Price in Japan (CIF) - 2022
- Lard Price in Japan (FOB) - 2022
- Lard Imports in Japan
- Lard Exports in Japan
Lard Price in Japan (CIF) - 2022
The average lard import price stood at $3,006 per ton in 2022, with an increase of 68% against the previous year. In general, the import price posted a measured expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($4,007 per ton), while the price for the Netherlands totaled $2,985 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Lard Price in Japan (FOB) - 2022
In 2022, the average lard export price amounted to $2,223 per ton, picking up by 105% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($2,518 per ton) and Vietnam ($2,303 per ton), while the average price for exports to the Philippines ($2,058 per ton) and Hong Kong SAR ($2,063 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Lard Imports in Japan
In 2022, supplies from abroad of lard decreased by -58.3% to 478 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2020 with an increase of 7.8% against the previous year. As a result, imports reached the peak of 1.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, lard imports contracted notably to $1.4M in 2022. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 5.1% against the previous year. As a result, imports reached the peak of $2.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Lard in Japan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 1,521 | 1,364 | 1,462 | 1,398 | -2.8% |
United States | 84.2 | 102 | 8.1 | 39.4 | -22.4% |
South Korea | 671 | 926 | 582 | N/A | -6.9% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2,276 | 2,392 | 2,052 | 1,438 | -14.2% |
Top Suppliers of Lard to Japan in 2022:
- Netherlands (468.5 tons)
- United States (9.8 tons)
Lard Exports in Japan
Lard exports from Japan reduced notably to 99 tons in 2022, which is down by -86.7% compared with 2021. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,961%. As a result, the exports reached the peak of 743 tons, and then shrank markedly in the following year.
In value terms, lard exports fell dramatically to $220K in 2022. Overall, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,153% against the previous year. As a result, the exports reached the peak of $805K, and then declined markedly in the following year.
Export of Lard in Japan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 28.7 | 20.8 | 67.4 | 105 | 54.1% |
Philippines | 71.9 | 17.3 | 35.2 | 65.0 | -3.3% |
Singapore | 14.3 | 13.1 | 17.3 | 27.6 | 24.5% |
Hong Kong SAR | 14.2 | 13.0 | 42.2 | 22.2 | 16.1% |
South Korea | N/A | N/A | 643 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 129 | 64.3 | 805 | 220 | 19.5% |
Top Export Markets for Lard from Japan in 2022:
- Vietnam (45.7 tons)
- Philippines (31.6 tons)
- Singapore (10.9 tons)
- Hong Kong SAR (10.7 tons)
This report provides an in-depth analysis of the lard market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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
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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
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