Belgium: Rendered Pig Fat Market 2025

Rendered Pig Fat Market Size in Belgium

In 2021, the Belgian rendered pig fat market increased by 139% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Rendered Pig Fat Production in Belgium

In value terms, rendered pig fat production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 102% against the previous year. Over the period under review, production hit record highs in 2021 and is likely to continue growth in years to come.

Rendered Pig Fat Exports

Exports from Belgium

In 2021, after four years of growth, there was decline in overseas shipments of lard and other pig fat (rendered), when their volume decreased by -2.2% to X tons. Overall, exports showed a noticeable slump. The pace of growth appeared the most rapid in 2013 when exports increased by 92% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, rendered pig fat exports soared to $X in 2021. Over the period under review, exports, however, showed a modest increase. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for rendered pig fat exports from Belgium, accounting for a 61% share of total exports. Moreover, rendered pig fat exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.2% per year) and Spain (-8.6% per year).

In value terms, the Netherlands ($X) remains the key foreign market for lard and other pig fat (rendered) exports from Belgium, comprising 60% of total exports. The second position in the ranking was taken by France ($X), with a 28% share of total exports. It was followed by Spain, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+13.7% per year) and Spain (-3.4% per year).

Export Prices by Country

In 2021, the average rendered pig fat export price amounted to $X per ton, jumping by 57% against the previous year. In general, the export price showed a temperate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to France ($X per ton) and Germany ($X per ton), while the average price for exports to Spain ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Rendered Pig Fat Imports

Imports into Belgium

In 2021, supplies from abroad of lard and other pig fat (rendered) increased by 67% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, rendered pig fat imports skyrocketed to $X in 2021. Over the period under review, imports saw a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of rendered pig fat to Belgium, accounting for a 50% share of total imports. Moreover, rendered pig fat imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +29.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.7% per year) and the Netherlands (-3.2% per year).

In value terms, Germany ($X) constituted the largest supplier of lard and other pig fat (rendered) to Belgium, comprising 49% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.3% per year) and the Netherlands (-1.0% per year).

Import Prices by Country

In 2021, the average rendered pig fat import price amounted to $X per ton, jumping by 60% against the previous year. In general, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rendered pig fat import price increased by +92.7% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Poland ($X per ton) and Denmark ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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