United Kingdom - Lard - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLard Price in the UK - 2023
Contents:
- Lard Price in the UK (CIF) - 2023
- Lard Price in the UK (FOB) - 2022
- Lard Imports in the UK
- Lard Exports in the UK
Lard Price in the UK (CIF) - 2023
The average lard import price stood at $1,908 per ton in August 2023, declining by -3.5% against the previous month. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in December 2022 an increase of 8.5% m-o-m. As a result, import price reached the peak level of $2,346 per ton. From January 2023 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Italy ($2,156 per ton) and France ($2,097 per ton), while the price for the Netherlands ($1,742 per ton) and Poland ($2,037 per ton) were amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (-0.3%), while the prices for the other major suppliers experienced a decline.
Lard Price in the UK (FOB) - 2022
In 2022, the average lard export price amounted to $2,020 per ton, growing by 108% against the previous year. Over the period under review, the export price posted prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($7,127 per ton), while the average price for exports to Ireland ($1,562 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Lard Imports in the UK
In 2022, approx. 8.3K tons of lard were imported into the UK; rising by 90% compared with the year before. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, lard imports skyrocketed to $17M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lard in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.3 | 2.3 | 3.8 | 7.2 | 46.3% |
| Italy | N/A | N/A | N/A | 6.6 | 0% |
| Poland | 1.2 | 1.4 | 1.6 | 2.1 | 20.5% |
| France | N/A | 0.5 | 0.7 | 0.7 | 18.3% |
| Germany | 0.5 | 2.7 | N/A | 0.6 | 6.3% |
| Others | N/A | 0.2 | 0.3 | N/A | 50.0% |
| Total | 4.1 | 7.1 | 6.4 | 17.2 | 61.3% |
Top Suppliers of Lard to the UK in 2022:
- Netherlands (3.7K tons)
- Italy (3.1K tons)
- Poland (0.9K tons)
- France (0.3K tons)
- Germany (0.3K tons)
Lard Exports in the UK
For the third year in a row, the UK recorded decline in overseas shipments of lard, which decreased by -73.4% to 45 tons in 2022. In general, exports saw a sharp decrease. The smallest decline of -18.2% was in 2021.
In value terms, lard exports declined significantly to $90K in 2022. Over the period under review, exports continue to indicate a dramatic descent. The smallest decline of -36.8% was in 2021.
| Export of Lard in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 41.2 | 0% |
| Ireland | 1.7 | 2.3 | 20.8 | 22.5 | 136.5% |
| United Arab Emirates | N/A | N/A | N/A | 17.3 | 0% |
| Italy | N/A | N/A | N/A | 6.1 | 0% |
| Denmark | 765 | N/A | N/A | N/A | 0% |
| Gambia | N/A | N/A | 11.7 | N/A | 0% |
| Pakistan | N/A | 22.2 | N/A | N/A | 0% |
| Turkey | N/A | 140 | 33.1 | N/A | -76.4% |
| Others | 503 | 92.9 | 97.1 | 2.9 | -82.1% |
| Total | 1,270 | 257 | 163 | 90.0 | -58.6% |
Top Export Markets for Lard from the UK in 2022:
- Belgium (26.4 tons)
- Ireland (14.4 tons)
- United Arab Emirates (2.7 tons)
- Italy (0.9 tons)
This report provides an in-depth analysis of the lard market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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.
4024
Global lard consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
3886
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2266
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.
4024
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3886
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2266
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