Bosnia and Herzegovina: Lard Market 2020

Lard Market Size in Bosnia and Herzegovina

The revenue of the lard market in Bosnia and Herzegovina amounted to $X in 2018, reducing by -X% against the previous year. Over the period under review, lard consumption continues to indicate an abrupt shrinkage. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Bosnia and Herzegovina lard consumption peaked at $X in 2010; however, from 2011 to 2018, consumption remained at a lower figure.

Lard Production in Bosnia and Herzegovina

In value terms, lard production amounted to $X in 2018 estimated in export prices. Over the period under review, lard production continues to indicate an abrupt setback. The most prominent rate of growth was recorded in 2008 when production volume increased by X% y-o-y. Over the period under review, lard production attained its maximum level at $X in 2010; however, from 2011 to 2018, production failed to regain its momentum.

Lard Exports

Exports by Country

The countries with the highest levels of lard exports in 2018 were Germany (X tons), Spain (X tons) and Belgium (X tons), together recording X% of total export. The U.S. (X tons) took the next position in the ranking, followed by the Netherlands (X tons), Italy (X tons) and Austria (X tons). All these countries together held near X% share of total exports. The following exporters - France (X tons), Canada (X tons), Denmark (X tons), Poland (X tons) and Portugal (X tons) - 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, Spain ($X), Germany ($X) and Belgium ($X) were the countries with the highest levels of exports in 2018, with a combined X% share 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 experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The lard export price in Bosnia and Herzegovina stood at $X per ton in 2018, remaining relatively unchanged against the previous year. Over the period under review, the lard export price continues to indicate a relatively flat trend pattern. Bosnia and Herzegovina export price peaked at $X per ton in 2014; however, from 2015 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Poland ($X per ton), while Austria ($X per ton) 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 Bosnia and Herzegovina

In 2018, approx. X tons of lard were imported into Bosnia and Herzegovina; shrinking by -X% against the previous year. Over the period under review, lard imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. In that year, lard imports reached their peak of X tons. From 2016 to 2018, the growth of lard imports remained at a somewhat lower figure.

In value terms, lard imports totaled $X in 2018. Overall, lard imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Bosnia and Herzegovina imports peaked at $X in 2015; however, from 2016 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Spain (X tons), distantly followed by the Netherlands (X tons), Mexico (X tons), Slovakia (X tons), Denmark (X tons) and France (X tons) were the main importers of lard, together achieving X% of total imports. The following importers - Belgium (X tons), the UK (X tons), Germany (X tons), the U.S. (X tons), Portugal (X tons) and the Philippines (X tons) - together made up X% of total imports.

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 Bosnia and Herzegovina were Spain ($X), Mexico ($X) and the Netherlands ($X), with a combined X% share of total imports. Denmark, Belgium, France, the U.S., the UK, Germany, Slovakia, Portugal, the Philippines and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X and Herzegovina recorded the highest growth rate of imports, in terms of the main importing countries 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 Bosnia and Herzegovina amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the lard import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2010 when the import price increased by X% year-to-year. Over the period under review, the import prices for lard reached their peak figure at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the Philippines ($X per ton) 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 Platform