EU: Lard Market 2025

Lard Market Size in the EU

The EU lard market totaled $X in 2022, increasing by 1.7% against the previous year. In general, consumption recorded a mild contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Lard Production in the EU

In value terms, lard production rose modestly to $X in 2022 estimated in export price. In general, production showed a slight shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 22% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Lard Exports

Exports in the EU

In 2022, approx. X tons of lard were exported in the European Union; shrinking by -9.7% against 2021. Overall, exports showed a slight decline. The pace of growth appeared the most rapid in 2017 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lard exports expanded notably to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.3% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 53% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The shipments of the four major exporters of lard, namely Germany, Belgium, Italy and Spain, represented more than two-thirds of total export. The Netherlands (X tons) held the next position in the ranking, followed by France (X tons). All these countries together took approx. 15% share of total exports. Poland (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +11.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) were the countries with the highest levels of exports in 2022, with a combined 55% share of total exports.

In terms of the main exporting countries, Italy, with a CAGR of +13.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, jumping by 21% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 +91.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 37%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.9%), while the other leaders experienced more modest paces of growth.

Lard Imports

Imports in the EU

In 2022, approx. X tons of lard were imported in the European Union; waning by -7.3% compared with the year before. Overall, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 21% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, lard imports soared to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Spain (X tons) and Slovakia (X tons) represented roughly 47% of total imports in 2022. The Netherlands (X tons) ranks next in terms of the total imports with a 13% share, followed by France (11%), Belgium (6.4%), Italy (6%) and Germany (5.8%).

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +17.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Slovakia ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined 53% share of total imports.

Slovakia, with a CAGR of +22.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, picking up by 26% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lard import price increased by +107.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by 42%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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