Denmark: Lard Market 2025

Lard Market Size in Denmark

The Danish lard market stood at $X in 2022, with an increase of 7.2% against the previous year. Over the period under review, consumption, however, showed a perceptible slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Lard Production in Denmark

In value terms, lard production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 27% against the previous year. Lard production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Lard Exports

Exports from Denmark

In 2022, shipments abroad of lard decreased by -82% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2013 with an increase of 73%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, lard exports shrank significantly to $X in 2022. In general, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 66%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for lard exports from Denmark, accounting for a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at -18.1%.

In value terms, the Netherlands ($X) also remains the key foreign market for lard exports from Denmark.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to -13.9%.

Export Prices by Country

In 2022, the average lard export price amounted to $X per ton, jumping by 33% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lard export price increased by +122.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +5.2% per year.

Lard Imports

Imports into Denmark

In 2022, after four years of decline, there was growth in supplies from abroad of lard, when their volume increased by 1% to X tons. In general, imports, however, showed a precipitous setback. The most prominent rate of growth was recorded in 2014 when imports increased by 33%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, lard imports soared to $X in 2022. Overall, imports, however, continue to indicate a significant curtailment. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of lard to Denmark, with a 70% share of total imports. Moreover, lard imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled -27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3.3% per year) and Germany (-52.1% per year).

In value terms, the Netherlands ($X), Italy ($X) and Poland ($X) appeared to be the largest lard suppliers to Denmark, together accounting for 88% of total imports.

Poland, with a CAGR of +15.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average lard import price stood at $X per ton in 2022, increasing by 114% against the previous year. In general, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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