Barbados: Lard Market Overview 2020

Lard Market Size in Barbados

The revenue of the lard market in Barbados amounted to $X in 2018, declining by -X% against the previous year. Over the period under review, lard consumption continues to indicate a significant slump. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the lard market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Lard Production in Barbados

In value terms, lard production totaled $X in 2018 estimated in export prices. Overall, lard production continues to indicate a temperate slump. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, lard production attained its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Lard Exports

Exports by Country

The exports of the three major exporters of lard, namely Germany, Spain and Belgium, represented more than half of total export. The U.S. (X tonnes) ranks next in terms of the total exports with a X% share, followed by the Netherlands (X%), Italy (X%) and Austria (X%). The following exporters - France (X tonnes), Canada (X tonnes), Denmark (X tonnes), Poland (X tonnes) and Portugal (X tonnes) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Denmark, while the other leaders experienced more modest paces of growth.

In value terms, the largest lard markets from Barbados were Spain ($X), Germany ($X) and Belgium ($X), together comprising X% of total exports. These countries were followed by the U.S., Italy, the Netherlands, Canada, Poland, France, Austria, Denmark and Portugal, which together accounted for a further X the main exporting countries, Portugal recorded the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the lard export price in Barbados amounted to $X per tonne, leveling off at the previous year. Over the period under review, the lard export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Poland ($X per tonne), while Austria ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Lard Imports

Imports into Barbados

In 2018, the amount of lard imported into Barbados totaled X tonnes, declining by -X% against the previous year. In general, lard imports continue to indicate a dramatic drop. The pace of growth appeared the most rapid in 2011 with a decrease of -X% y-o-y. Barbados imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, lard imports amounted to $X in 2018. Over the period under review, lard imports continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2011 when imports decreased by -X% y-o-y. Barbados imports peaked at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Spain (X tonnes), distantly followed by the Netherlands (X tonnes), Mexico (X tonnes), Slovakia (X tonnes), Denmark (X tonnes) and France (X tonnes) represented the key importers of lard, together constituting X% of total imports. Belgium (X tonnes), the UK (X tonnes), Germany (X tonnes), the U.S. (X tonnes), Portugal (X tonnes) and the Philippines (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by the Philippines, while the other leaders experienced more modest paces of growth.

In value terms, the largest lard importing markets into Barbados were Spain ($X), Mexico ($X) and the Netherlands ($X), with a combined X% share of total imports. These countries were followed by Denmark, Belgium, France, the U.S., the UK, Germany, Slovakia, Portugal, the Philippines and Barbados, which together accounted for a further X terms of the main importing countries, Slovakia recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the lard import price in Barbados amounted to $X per tonne, flattening at the previous year. In general, the lard import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2015 when the import price increased by X% year-to-year. In that year, the import prices for lard reached their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the import prices for lard remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while the Philippines ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform