EU: Lard Market 2022

Lard Market Size in the EU

The EU lard market shrank to $X in 2021, falling by -X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Lard Production in the EU

In value terms, lard production contracted to $X in 2021 estimated in export prices. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% year-to-year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Production By Country in the EU

Germany (X tonnes) remains the largest lard producing country in the European Union, comprising approx. X% of total volume. Moreover, lard production in Germany exceeded the figures recorded by the second-largest producer, Italy (X tonnes), threefold. Romania (X tonnes) ranked third in terms of total production with a X% share.

In Germany, lard production plunged by an average annual rate of -X% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Italy (-X% per year) and Romania (+X% per year).

Lard Exports

Exports in the EU

In 2021, after two years of decline, there was significant growth in overseas shipments of lard, when their volume increased by X% to X tonnes. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Over the period under review, the exports attained the peak figure at X tonnes in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, lard exports soared to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The shipments of the four major exporters of lard, namely Germany, Belgium, Italy and France, represented more than two-thirds of total export. Spain (X tonnes) took the next position in the ranking, followed by the Netherlands (X tonnes) and Poland (X tonnes). All these countries together occupied near X% share of total exports.

From 2012 to 2021, the biggest increases were in Italy (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest lard supplying countries in the European Union were Germany ($X), Italy ($X) and Belgium ($X), together comprising X% of total exports.

In terms of the main exporting countries, Italy, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the lard export price in the European Union amounted to $X per tonne, picking up by X% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lard export price increased by +X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Spain ($X per tonne), while Belgium ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+X%), while the other leaders experienced more modest paces of growth.

Lard Imports

Imports in the EU

In 2021, after five years of decline, there was significant growth in overseas purchases of lard, when their volume increased by X% to X tonnes. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2016 to 2021, the growth imports failed to regain momentum.

In value terms, lard imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tonnes) represented the major importer of lard, constituting X% of total imports. Slovakia (X tonnes) ranks second in terms of the total imports with a X% share, followed by the Netherlands (X%), France (X%), Italy (X%), Germany (X%) and Belgium (X%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constitutes the largest market for imported lard in the European Union, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by France, with a X% share.

In Spain, lard imports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and France (+X% per year).

Import Prices by Country

The lard import price in the European Union stood at $X per tonne in 2021, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($X per tonne), while Slovakia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform