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Report Australia and Oceania - Lard and Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Australia and Oceania - Lard and Other Pig Fat (Rendered) - Market Analysis, Forecast, Size, Trends and Insights

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Australia and Oceania: Rendered Pig Fat Market 2024

Rendered Pig Fat Exports

Exports in Australia and Oceania

After two years of decline, shipments abroad of lard and other pig fat (rendered) increased by 19% to X tons in 2020. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by 526% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, rendered pig fat exports expanded markedly to $X in 2020. In general, exports, however, saw a sharp slump. The pace of growth was the most pronounced in 2017 with an increase of 241%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of lard and other pig fat (rendered), namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the lard and other pig fat (rendered) exports, with a CAGR of +5.6% from 2012 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest rendered pig fat supplier in Australia and Oceania.

From 2012 to 2020, the average annual rate of growth in terms of value in Australia totaled -25.0%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2020, with a decrease of -11.4% against the previous year. In general, the export price recorded a precipitous slump. The most prominent rate of growth was recorded in 2014 when the export price increased by 25% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2020, the rate of growth in terms of prices for Australia amounted to -29.0% per year.

Rendered Pig Fat Imports

Imports in Australia and Oceania

In 2021, after two years of decline, there was significant growth in purchases abroad of lard and other pig fat (rendered), when their volume increased by 14% to X tons. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 28% against the previous year. The volume of import peaked at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, rendered pig fat imports soared to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 24%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

New Zealand was the major importing country with an import of around X tons, which finished at 74% of total imports. It was distantly followed by Australia (X tons), constituting a 17% share of total imports. French Polynesia (X tons), Marshall Islands (X tons) and Micronesia (X tons) took a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to rendered pig fat imports into New Zealand stood at +6.9%. At the same time, Marshall Islands (+34.5%), Micronesia (+29.2%), French Polynesia (+4.8%) and Australia (+1.0%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +34.5% from 2012-2021. New Zealand (+6.9 p.p.) and Marshall Islands (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -8.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported lard and other pig fat (rendered) in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by Australia ($X), with a 20% share of total imports. It was followed by French Polynesia, with a 3.7% share.

In New Zealand, rendered pig fat imports increased at an average annual rate of +9.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Australia (+5.2% per year) and French Polynesia (+4.9% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, increasing by 6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2017 when the import price increased by 23%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while Marshall Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

New Zealand constituted the country with the largest volume of rendered pig fat consumption, comprising approx. 78% of total volume. Moreover, rendered pig fat consumption in New Zealand exceeded the figures recorded by the second-largest consumer, Australia, fivefold. The third position in this ranking was occupied by Marshall Islands, with a 2.2% share.
In value terms, Australia $218) remains the largest rendered pig fat supplier in Australia and Oceania.
In value terms, New Zealand constitutes the largest market for imported lard and other pig fat rendered) in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was occupied by Australia, with an 18% share of total imports. It was followed by French Polynesia, with a 2.2% share.
The rendered pig fat export price in Australia and Oceania stood at $1,557 per ton in 2020, approximately equating the previous year.
The rendered pig fat import price in Australia and Oceania stood at $1,910 per ton in 2020, with an increase of 8.7% against the previous year.

This report provides an in-depth analysis of the rendered pig fat market in Australia and Oceania. 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:

  • Australia
  • Cook Islands
  • Fiji
  • French Polynesia
  • Kiribati
  • Marshall Islands
  • Micronesia
  • New Caledonia
  • New Zealand
  • Northern Mariana Islands
  • Palau
  • Papua New Guinea
  • Samoa
  • Solomon Islands
  • Tokelau
  • Tonga
  • Tuvalu
  • Vanuatu
  • Wallis and Futuna Islands
  • American Samoa
  • Nauru
  • Niue
  • Guam

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Australia and Oceania, split by region and country
  • Trade (exports and imports) in Australia and Oceania
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Australia
    • Cook Islands
    • Fiji
    • French Polynesia
    • Kiribati
    • Marshall Islands
    • Micronesia
    • New Caledonia
    • New Zealand
    • Northern Mariana Islands
    • Palau
    • Papua New Guinea
    • Samoa
    • Solomon Islands
    • Tokelau
    • Tonga
    • Tuvalu
    • Vanuatu
    • Wallis and Futuna Islands
    • American Samoa
    • Nauru
    • Niue
    • Guam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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