U.S. - Lard And Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRendered Pig Fat Price in the United States - 2023
Contents:
- Rendered Pig Fat Price in the United States (FOB) - 2023
- Rendered Pig Fat Price in the United States (CIF) - 2023
- Rendered Pig Fat Exports in the United States
- Rendered Pig Fat Imports in the United States
Rendered Pig Fat Price in the United States (FOB) - 2023
The average rendered pig fat export price stood at $1,493 per ton in August 2023, with a decrease of -5.8% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 9.6% against the previous month. As a result, the export price reached the peak level of $1,693 per ton. From March 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($1,642 per ton), while the average price for exports to Canada stood at $880 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.
Rendered Pig Fat Price in the United States (CIF) - 2023
The average rendered pig fat import price stood at $1,156 per ton in August 2023, with a decrease of -2.5% against the previous month. In general, the import price showed a mild setback. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 8.7% against the previous month. The import price peaked at $1,409 per ton in September 2022; however, from October 2022 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($1,209 per ton), while the price for Brazil ($1,149 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 Mexico (-0.9%), while the prices for the other major suppliers experienced a decline.
Rendered Pig Fat Exports in the United States
In 2022, overseas shipments of lard and other pig fat (rendered) decreased by -72.5% to 118K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 51%. As a result, the exports attained the peak of 434K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, rendered pig fat exports shrank sharply to $170M in 2022. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, the exports reached the peak of $467M, and then fell rapidly in the following year.
| Export of Rendered Pig Fat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 123 | 190 | 288 | 76.4 | -14.7% |
| Mexico | 20.0 | 16.8 | 107 | 43.1 | 29.2% |
| Germany | 6.9 | 5.5 | 9.7 | 27.0 | 57.6% |
| United Kingdom | 21.2 | 32.4 | 53.9 | 21.6 | 0.6% |
| Canada | 0.6 | 0.8 | 1.1 | 2.0 | 49.4% |
| Netherlands | 33.7 | 31.2 | 6.2 | N/A | -57.1% |
| Others | 4.3 | 6.1 | 1.0 | 0.4 | -54.7% |
| Total | 210 | 282 | 467 | 170 | -6.8% |
Top Export Markets for Rendered Pig Fat from the United States in 2022:
- Singapore (57.0K tons)
- Mexico (26.8K tons)
- Germany (16.6K tons)
- United Kingdom (14.5K tons)
- Canada (2.1K tons)
Rendered Pig Fat Imports in the United States
In 2022, approx. 52K tons of lard and other pig fat (rendered) were imported into the United States; growing by 68% against the previous year's figure. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, rendered pig fat imports skyrocketed to $71M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Rendered Pig Fat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 19.0 | 15.9 | 32.3 | 63.7 | 49.7% |
| Mexico | 1.0 | 0.8 | 1.7 | 6.0 | 81.7% |
| Brazil | N/A | N/A | N/A | 1.5 | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 20.0 | 16.7 | 34.1 | 71.2 | 52.7% |
Top Suppliers of Rendered Pig Fat to the United States in 2022:
- Canada (46.0K tons)
- Mexico (4.6K tons)
- Brazil (1.0K tons)
This report provides an in-depth analysis of the rendered pig fat market in the U.S.. 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:
- Prodcom 10115060 - Lard and other pig fat, rendered
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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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