Italy: Lard Market Overview 2021

Lard Market Size in Italy

In 2019, the Italian lard market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Lard consumption peaked at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Lard Production in Italy

In value terms, lard production declined to $X in 2019 estimated in export prices. In general, production recorded a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Lard production peaked at $X in 2014; however, from 2015 to 2019, production failed to regain the momentum.

Lard Exports

Exports from Italy

In 2019, shipments abroad of lard decreased by -X% to X tonnes, falling for the second consecutive year after three years of growth. Overall, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, lard exports fell dramatically to $X in 2019. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2019: its value increased at an average annual rate of +X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Exports peaked at $X in 2018, and then fell remarkably in the following year.

Exports by Country

The UK (X tonnes), France (X tonnes) and Spain (X tonnes) were the main destinations of lard exports from Italy, together accounting for X% of total exports. These countries were followed by Serbia, Austria and Poland, which together accounted for a further X 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for lard exports from Italy, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2019, the average annual growth rate of value to the UK stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Spain (+X% per year).

Export Prices by Country

In 2019, the average lard export price amounted to $X per tonne, declining by -X% against the previous year. In general, the export price recorded a slight slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Spain ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Lard Imports

Imports into Italy

After three years of decline, overseas purchases of lard increased by X% to X tonnes in 2019. Over the period under review, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lard imports soared to $X in 2019. In general, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Switzerland (X tonnes), France (X tonnes) and Slovenia (X tonnes) were the main suppliers of lard imports to Italy, with a combined X% share of total imports.

From 2012 to 2019, the biggest increases were in Switzerland (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), France ($X) and Slovenia ($X) were the largest lard suppliers to Italy, with a combined X% share of total imports.

In terms of the main suppliers, Switzerland (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average lard import price amounted to $X per tonne, surging by X% against the previous year. Overall, the import price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was France ($X per tonne), while the price for Lithuania ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard in the world?

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China (2.6M tonnes) constituted the country with the largest volume of lard consumption, comprising approx. 40% of total volume. Moreover, lard consumption in China exceeded the figures recorded by the second-largest consumer, Germany (627K tonnes), fourfold. Brazil (489K tonnes) ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of lard in the world?

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China (2.6M tonnes) remains the largest lard producing country worldwide, accounting for 39% of total volume. Moreover, lard production in China exceeded the figures recorded by the second-largest producer, Germany (660K tonnes), fourfold. The third position in this ranking was occupied by Brazil (491K tonnes), with a 7.3% share.

What are the leading suppliers of lard to Italy?

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In value terms, Switzerland ($4.9M), France ($4M) and Slovenia ($2.6M) were the largest lard suppliers to Italy, with a combined 88% share of total imports.

What are the leading importers of lard from Italy?

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In value terms, the UK ($6M) remains the key foreign market for lard exports from Italy, comprising 54% of total exports. The second position in the ranking was occupied by France ($2.1M), with a 19% share of total exports. It was followed by Spain, with a 11% share.

What is the average export price for lard in Italy?

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The average lard export price stood at $1,047 per tonne in 2019, falling by -6.2% against the previous year.

What is the average import price for lard in Italy?

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The average lard import price stood at $926 per tonne in 2019, growing by 16% against the previous year.